Traditional Consulting Firms vs. the Catalant Expert Marketplace
Flexible access to strategic capabilities is more important than ever. Traditional consulting firms aren’t right-sized for the work many companies need right now, and can no longer camp out in clients’ offices due to public health concerns and an increasingly digital workplace. At the same time, your organization still needs similar capabilities — and results — to keep the business moving and to execute your rapidly evolving strategies.
Optimizing Consulting Spend
Traditional consulting firms often take too long, cost too much, and are too hard to use effectively.
Leaders across top global companies — including more than 30% of the Fortune 100 — tell us that there are least three ways that Catalant’s Expert Marketplace, as a tech-enabled marketplace for elite independent consultants and firms, helps them optimize their consulting spend.
Use competitive bidding dynamics among firms and consultants to drive quality and value.
Streamline consulting spend with experts and firms more willing to map engagements to needs.
Eliminate Redundant Spend
Increase visibility and centralize ongoing projects to avoid wasteful spending on similar work.
Typical Savings vs. Traditional Consulting Spend for a Fortune 50 client
Approach: A Fortune 50 client asked the Catalant team to provide quotes on project prices for 10 live engagements that they were currently working on with traditional consulting firms and agencies. The client then compared those prices and team specifications with those from their incumbent service providers.
Individual Consulting Workstreams
Calculating Your Savings Potential
Calculate your own estimated savings for similar projects, based on the savings outlined in the blind study above.
Catalant’s Expert Marketplace, delivered through its world-class technology, has become an enabling resource for GE. It empowers our employees by giving them streamlined and efficient access to the right expertise, helping us work smarter and faster.
Former Chief Innovation Officer at GE, Former CEO of GE Ventures
Case Study 1
Utilizing unbundled providers: $760,000 in savings
A Fortune 200 Industrial Conglomerate needed a team for a C-level initiative to streamline product configurations, enable market growth, and minimize downstream operational complexities in an industrial equipment business.
A small specialized firm composed of one Former Engagement Manager, McKinsey & Co., PHD in Materials Science, and two former Business Analysts, McKinsey & Co.
The firm was tasked to deliver a market assessment, VoC study, product configuration, value chain analysis, and process optimization (supply chain) set of deliverables.
Significant efficiency gains and cost savings for $250+M BU, and C-level support for multiple repeat engagements for the firm through the Catalant Expert Marketplace.
The Fortune 200 client would have originally spent $1M on a similar project from an incumbent firm provider. By using the Catalant Expert Marketplace, the client was able to connect quickly with high value, unbundled talent at 75% savings ($240K).
Case Study 2
Competitive Bidding: $134,000 in savings
A Fortune 200 Diversified Industrial Manufacturer had limited bandwidth and was experiencing an increase in deal volume in corporate development.
The expert, founder of Brick Street Partners, LLC, had several years of experience at Goldman Sachs and Madison Dearborn.
The expert was tasked to evaluate several global opportunities, support business case development, and quarterback the diligence process.
The client achieved a better quality output, faster — all while avoiding the overhead cost of engaging a major firm.
The Fortune 200 client would have originally spent $250K on a similar project from an incumbent firm provider. By using the Catalant Expert Marketplace, the client was able to connect quickly with previously untapped, top-tier talent at 50% of the price ($116K).
Case Study 3
Eliminate Redundant Spending: $340,000 in savings
A Fortune 100 Consumer Packaged Goods Company needed an assessment of new distribution opportunities for a signature product.
A bespoke team was comprised of an e-Commerce lead, former BCG consultant with operating experience at Target, a mall-retail expert, and a CPG marketer with former roles at Mattel, Kraft, and Pepsi.
The team was tasked with delivering market sizing, unit economics analyses, and consumer insights research.
The client experienced its most commercially successful holiday season ever in its 50+ year history.
The Fortune 100 client would have originally spent $400K on a similar project from an incumbent firm provider. By using the Catalant Expert Marketplace, the client was able to connect quickly with top-tier, flexible talent at 80% savings ($60K vs. $400K).
Learn how Anheuser-Busch InBev, Highmark Health and Shell are leveraging a flexible workforce to accelerate strategy execution.
A flexible workforce enables leaders to tap into the skills and resources their organizations need to accomplish a goal at the right time, overcoming barriers like organizational silos, geographic distribution , and skills gaps. Learn how leading organizations are leveraging a flexible workforce to access, allocate, and reallocate the right people to mission-critical work.
Let Us Help
Take a look at your full-time employees as a potential source of cost savings from using the Catalant Expert Marketplace.
Traditional employment models aren’t well suited for flexibly meeting the demands of a world in flux. Widespread uncertainty and volatile markets are compelling leaders to reduce and variabilize fixed labor costs.