Prime Difference Between OpenText Consulting & Advisory
What is an Advisory?
Consulting is providing advice to professionals or companies to help them make decisions. As a consultant, your role relies heavily on analyzing a business’s internal affairs, how it relates to its overall goals, and suggesting ways to improve.
In this case, for example, a study of the consulting work done by City Exec indicated that most of the work they did involve research, risk analysis, and operations.
How does Advisory work?
Your typical day as a consultant will include:
· Multiple meetings with various stakeholders.
· Collaborate with other departments to develop comprehensive insights that drive company growth.
· Also, because consultants are permanent, they do a lot of risk analysis and modeling rather than strategic work because they’re not problem solvers.
What is a Consultation?
Consulting is primarily contract based and more intensive. This is the practice of providing companies with customized strategic consulting solutions and expedited decision-making processes but may also refer to implementation. Consulting is usually done on a project basis.
It is common practice to become a consultant after years of expertise in a field.
Hiring a consultant is like installing a third eye on your business. But unlike the media, this third eye is a problem solver, thinking and innovating its role.
How does consulting work?
Some reasons for hiring a consultant include a business or company:
· Difficulty launching a product or service
· Organized problem
· Trying to expand to other regions
As you probably already know, both “Advisory Services” and “consulting services” help companies solve problems that hinder business development and growth. When we are called upon to provide Advisory Services, we offer practical advice and solutions. We provide actionable projects that clients need to complete themselves to make their business processes more efficient. We just instruct our clients where to go and what to do to solve problems on their own.
Business Advisory Services are primarily based on the constantly emerging challenges in business. By providing them, we help our customers improve their businesses. Clients turn to us for advice because they know we are experts in OpenText products. We have a broader view, and as a result, we can better understand their options.
Most of the time, business consulting stays for a longer period and helps address the ongoing challenges facing businesses. Business consulting services touch all aspects of business, from managing internal OpenText systems to implementing strategies for new products and/or services, to improving overall operations.
When we are called in for consulting services, our experts provide solutions for specific problems (e.g. company running on an unsupported product — we upgrade to the latest supported version; the company bought the product but didn’t know How to adapt it to their needs — we install and customize it; the company needs to reduce the number of manual and error-prone steps — we automate specific business processes, lack internal resources to do specific projects — we provide resources).
In general, consulting projects are more likely to be defined as consulting projects. In consulting projects, we work to identify the root causes of problems that arise in our business, and then work to solve them once and for all.
Bentech’s OpenText Consulting and Advisory Services
We at Bentech have decided to offer the best of both worlds and have developed a hybrid service model that combines consulting and advisory services. We decided to use a mixed model for two main reasons. First and foremost, we want to make sure we help our customers get the most out of their time and resources.
Second, much of what we know about OpenText products is based on our experience providing consulting services. We have a practical understanding of the potential of OpenText products, our customers’ day-to-day challenges, and real business needs. We also keep up to date with the latest information on OpenText’s products, upgrades, and offerings because we are an authorized partner.
During consultations and counseling sessions, we discuss our client’s questions and concerns. As our team has worked in the industry for almost two decades, we can see our clients’ everyday problems and future concerns from another perspective.
Given the information, our team provides practical tips and actionable items that they need to follow to improve their business. If the client does not have sufficient internal resources, one or more of our experts can join the client’s team and provide the missing expertise and manpower.