CPE Day Recap: Consulting, Technology & Advisory Highlights

Navigating Macroeconomic Uncertainty

Develop Agile Forecasting Models: Move away from rigid, annual budgets to flexible, rolling forecasts that can be updated quickly as new information emerges.

Scenario Planning: Regularly model different scenarios (e.g., tariff changes, interest rate shifts) to understand business impacts and prepare remediation steps.

Continuous Cash Monitoring: Implement daily cash monitoring and leverage technology to automate data collection for faster, more informed decisions.

Talent & Workforce Management

Invest in Upskilling and Retention: Prioritize employee development, retention programs, and a compelling employee value proposition to address workforce challenges.

Optimize Resource Utilization: Maximize the utility of current staff through process improvements and consider co-sourcing or outsourcing to fill gaps.

Prepare for Labor Cost Pressures: Benchmark compensation, forecast future needs, and use technology to manage labor costs and capacity constraints.

Technology Adoption & Responsible AI

Start with Data Readiness: Consolidate and clean key data sets (e.g., customer master, chart of accounts) before implementing AI or automation solutions.

Adopt Responsible AI Governance: Establish clear policies, processes, and accountability for AI use, including human-in-the-loop review and ongoing education.

Leverage Automation for Efficiency: Use digital tools to automate routine tasks (e.g., AP/AR processes), freeing staff for higher-value work, but maintain oversight to ensure quality and compliance.

Cybersecurity & Risk Management

Conduct Regular Tabletop Exercises: Test incident response plans at least annually to ensure readiness for cyber incidents.

Implement Robust Cybersecurity Controls: Enforce two-factor authentication for all administrative access and maintain up-to-date cyber insurance, ensuring compliance with policy requirements.

Proactive Risk Assessment: Use data analytics for fraud detection and monitor emerging risks, including AI-driven threats and regulatory changes.

M&A Preparation & Execution

Thorough Seller Preparation: Prepare clean financials, robust data rooms, and clear growth plans to achieve higher valuations and faster deal closures.

Quality of Earnings Analysis: Commission sell-side quality of earnings reports to identify and address issues before going to market.

Focus on Management Team & Value Drivers: Build a transferable management team and diversify revenue streams to enhance business value.

Run Competitive Processes: Engage multiple bidders and advisors to maximize value and ensure the best fit for the organization’s future.

General Best Practices

Foster Agility and Adaptability: Embrace change, break large projects into short sprints, and focus on quick wins to maintain momentum.

Champion Innovation: Encourage teams to explore new technologies and approaches, while maintaining a strong understanding of business fundamentals and KPIs.

Continuous Learning: Upskill teams to keep pace with technological advancements and evolving business needs.

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About Schneider Downs Consulting

The Schneider Downs Consulting Team features experienced professionals across a diverse array of specialties, carefully selected to address the most pressing needs of businesses across all industries. Our team of consultants will guide you through solutions to the problems on your radar and help you identify those that are not. To learn more, visit our dedicated Consulting page contact the team at [email protected].