Frequently Asked Questions

Below are a selection of the most commonly asked questions we face. If you've got a question that hasn't been asked here, drop us a line using the contact form below, or email info@boltconsulting.co.uk and one of our team will get back to you as soon as possible.

Bolt Consulting is an independent advisory consultancy that specialise in Data & EPM. We’re dedicated to enhancing your business performance by providing tailored solutions in enterprise performance management, where we focus on simplifying your strategic planning and budgeting processes. Our expertise in data analytics helps you uncover actionable insights, making your data work for you. We excel in creating reports that are not only informative but also drive decision-making at every level. Above all, our consultancy services aim to move you beyond traditional spreadsheets, offering you a path to more efficient, scalable, and insightful business operations. Our key focus is delivering tangible results driven solutions for your business, without any technology preference first and foremost. 

We offer a comprehensive range of services across the data & analytics, and EPM space. View all our services here

At Bolt Consulting, we solve a range of business problems, including:
  • Inefficient Planning and Forecasting: We streamline your strategic planning, budgeting, and forecasting to make these processes more accurate, efficient, and aligned with your business goals, reducing the reliance on cumbersome spreadsheets.
  • Data Overload and Underutilisation: We help you make sense of vast amounts of data, turning it into strategic insights that can drive decision-making, enhance performance, and identify new opportunities or efficiencies.
  • Lack of Visibility and Clarity in Reporting: Our expertise in creating clear, actionable reports means you gain better visibility into your operations, performance metrics, and market trends, enabling more informed decision-making across all levels of your organisation.
  • Poor Decision-Making Due to Inadequate Analysis: By implementing advanced analytics, we address the gap between data collection and actionable insights, ensuring decisions are based on comprehensive, data-driven analysis rather than intuition or incomplete information.
  • Operational Inefficiencies: We tackle inefficiencies in business processes by introducing or optimising enterprise performance management solutions that align resources with strategic objectives, thereby improving productivity and reducing costs.
  • Scalability Issues: We provide solutions that grow with your business, ensuring that your planning, reporting, and analytics capabilities do not become bottlenecks as your company expands or diversifies.
  • Compliance and Risk Management: Through better data management and reporting, we help you navigate regulatory requirements and manage risks more effectively, ensuring your business operations are both compliant and secure.
Our solutions are designed to not only address these problems but also to empower your business to achieve operational excellence, strategic clarity, and sustainable growth.

We are based in the UK and predominantly operate on a remote basis in order to limit travel inefficiencies and ensure our carbon footprint is limited as much as possible, however we are willing to visit your offices if you need us to. Our main office is based in London, and you can arrange a visit by contacting us.

We also have colleagues located around the globe meaning we can work with global organisations with ease.

At Bolt Consulting, we stand out by offering deeply personalised solutions that go beyond technology implementation. Our approach combines over 25 years of industry experience with a commitment to understanding your unique business challenges, ensuring our strategies and solutions are perfectly aligned with your goals. We don’t just solve problems; we transform your operations by moving you away from outdated methods to scalable, insightful practices that drive efficiency and growth, all while providing transparent, client-focused service.

The return on investment (ROI) from implementing our solutions at Bolt Consulting can vary significantly depending on factors like your industry, the specific challenges you’re addressing, and the scale at which solutions are implemented. However, here are some common areas where our clients typically see ROI:
  • Increased Efficiency: By automating and streamlining planning, budgeting, and forecasting processes, we often help clients reduce the time and resources spent on these activities by up to 50%, allowing teams to focus on more strategic tasks.
  • Cost Savings: Through better resource allocation and operational efficiencies, clients can see a reduction in operational costs. This might include savings from reduced manual errors, lower software licensing costs due to more targeted tool adoption or ‘de-proliferation of technology’, and even an ability to assess for more streamlined teams.
  • Revenue Growth: Enhanced data insights and reporting can lead to better market understanding, customer targeting, and product/service offerings, driving sales growth. We’ve seen clients achieve revenue increases of 10-20% or more within a year of implementing our analytics and performance management strategies.
  • Risk Reduction: Improved data management and analytics can significantly mitigate risks, from compliance issues to market risks, potentially saving companies from substantial financial penalties or losses.
  • Improved Decision-Making: With clearer, data-driven insights, decisions are made faster and with greater confidence, leading to quicker market responses, better investment in opportunities, and avoidance of less profitable ventures.
  • Customer Satisfaction: Better planning and data insights can lead to more tailored customer experiences or product offerings, increasing customer satisfaction and loyalty, which indirectly boosts ROI through repeat business and referrals.
  • Scalability: Our solutions often make it easier for businesses to scale operations, entering new markets or expanding product lines with less proportional increase in overhead, thus improving ROI on growth initiatives.
While these are broad areas where ROI can be observed, we would typically work with you to define specific, measurable objectives at the start of our engagement. Post-implementation, we’d measure success against these objectives to give you a clear picture of ROI, which is often a blend of quantitative financial metrics and qualitative business improvements. Remember, the exact ROI is bespoke to each client’s situation, but our goal is always to deliver measurable value.
At Bolt Consulting, our approach to integrating new technology into existing systems is methodical, client-centric, and designed to minimise disruption while maximising value:
  1. Assessment and Analysis: We begin by conducting a thorough assessment of your current systems, processes, and technology stack. This includes understanding your business goals, the capabilities of your existing systems, and identifying any gaps or pain points.
  2. Strategic Planning: Based on our analysis, we develop a strategic plan that outlines how the new technology will integrate with your current ecosystem. This plan considers data flow, system compatibility, user adoption, and long-term scalability.
  3. Stakeholder Engagement: We engage with all relevant stakeholders to ensure alignment on the integration strategy. This includes discussing expectations, addressing concerns, and setting clear, achievable milestones.
  4. Customisation and Configuration: Understanding that one size does not fit all, we tailor the new technology to fit your specific needs. This might involve custom configurations, data migration strategies, or developing interfaces between new and old systems.
  5. Incremental Implementation: Rather than a big-bang approach, we advocate for phased rollouts when possible. This allows for testing in smaller environments, gathering feedback, and making adjustments before a full-scale deployment. It also mitigates risk and helps manage change more effectively.
  6. Data Integration: We focus on ensuring seamless data integration. This includes setting up data mappings, ensuring data integrity, and establishing processes for ongoing data maintenance and quality control.
  7. Training and Change Management: We provide comprehensive training for your team, ensuring they are comfortable with the new tools. Change management strategies are employed to help users adapt to new processes, reducing resistance and enhancing adoption.
  8. Testing and Quality Assurance: Rigorous testing is conducted at each phase to verify that the integration meets technical, functional, and performance requirements. This includes system, integration, and user acceptance testing.
  9. Go-Live Support: We offer extensive support at go-live, with our consultants available to troubleshoot, guide, and ensure a smooth transition. Post-go-live, we monitor performance closely.
  10. Post-Implementation Review: After integration, we review the project’s outcomes against the initial objectives. This includes assessing ROI, user adoption, system performance, and gathering feedback for continuous improvement.
  11. Ongoing Support and Optimisation: Our relationship doesn’t end at integration; we provide ongoing support, maintenance, and optimisation to ensure the technology continues to meet your evolving business needs.
This approach ensures that technology integration is not just about adding new tools but about enhancing your overall business capability, with a focus on sustainability, user acceptance, and strategic alignment.
Absolutely, we can help if you’re currently stuck using spreadsheets for planning. At Bolt Consulting, we specialise in moving businesses away from the limitations of spreadsheets to more robust, scalable, and efficient planning solutions. Here’s how we can assist:
  • Assessment of Current State: We start by understanding your existing spreadsheet-based processes, identifying what works and, more importantly, where you’re facing challenges like scalability, data integrity, or time-consuming manual updates.
  • Solution Design: We design a solution that leverages modern Enterprise Performance Management (EPM) tools or tailored analytics platforms, which are far superior to spreadsheets in handling complex planning, budgeting, and forecasting tasks. We consider tools like Pigment, Anaplan, or other leading platforms that best fit your needs. Remember we’re technology agnostic, so we’d only advise you on one technology over another if it was the right fit and made sense for the entire lifecycle of your ownership of said platform.
  • Data Migration and Integration: We’ll help migrate your data from spreadsheets and source systems into these new technologies, ensuring accuracy, completeness, and integrity. We also integrate this data with other business systems if necessary, to create a more cohesive data environment.
  • Customisation: Understanding that no two businesses are alike, we customise the solution to match your specific planning requirements, whether it’s financial planning, operational planning, or strategic analysis.
  • Training and Change Management: We provide comprehensive training to your team, ensuring they are comfortable with the new tools and understand how to leverage them for better planning outcomes. Change management strategies are employed to ease the transition.
  • Ongoing Support: Post-implementation, we offer support to help you refine your processes and get the most out of your new system. This includes troubleshooting, further customisation, and ensuring the solution scales as your business grows.
  • Performance Monitoring: We set up KPIs to measure the effectiveness of the new planning system against your old spreadsheet methods, ensuring you see tangible improvements in efficiency, accuracy, and strategic decision-making capabilities.
By transitioning from spreadsheets to a more advanced planning solution with Bolt Consulting, you can expect benefits like:
  • Reduced Errors: Automated processes minimize human error.
  • Enhanced Collaboration: Team members can work on the same data in real-time, improving coordination and reducing version control issues.
  • Scalability: Handle more complex planning tasks without performance degradation.
  • Better Insights: Access to more sophisticated analytics for deeper insights into your planning scenarios.
  • Time Savings: Automate repetitive tasks, freeing up your team for more strategic work.
Let us help you unlock the full potential of your planning processes, turning what might be a cumbersome task into a strategic asset for your business.
 

Please feel free to reach out to us directly. We’re here to answer any questions you might have, no matter how specific or complex. You can contact us through our website’s contact form, email us at info@boltconsulting.co.uk, or call us at +44 (0) 208 058 7005. We look forward to assisting you further.

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