Blog Business Agility Catalant’s Expert Marketplace Keeps Enterprises Agile YoY

Catalant’s Expert Marketplace Keeps Enterprises Agile YoY

The Great Resignation. The New Normal. The War for Talent. These three phrases can be attributed to the unprecedented and recent socioeconomic shifts.

As a result of the widespread changes the skilled labor economy has experienced, companies have been forced to transform the way they solve strategic business problems. To keep pace with today’s ever-changing business environment, Catalant customers use our marketplace to hire highly-skilled independent consultants and implement agile business strategies.

The proof is in the data

In 2021, there was a 42% increase in the number of business users that leveraged Catalant’s marketplace of independent subject matter experts to power their agile business strategies. This investment was led by executive leadership team members — 43% of all project posters are VP to C-Suite level executives.

expert marketplace: executives posted 43% of projects to Catalant in 2021

The business unit leaders that leaned on Catalant’s platform as an agile strategy in 2021 came from a variety of functions including General Management, Operations, Corporate Strategy, and Marketing. The growth-minded leaders that hired subject matter specialists through Catalant’s expert marketplace did so by posting a number of project types including market research and growth, corporate strategy, and digital transformation. This tells us that, in 2021, agile businesses were focused on growth as it relates to due diligence, M&A, and market strategy. 

expert marketplace: enterprises used independent consultants to execute strategic work

In 2021, companies were forced to modify their business processes, company culture, customer experience, and digital presence — to accomplish this, significant investments in project management and digital transformation were required. As a result, businesses leveraged Catalant’s subject matter experts to help them with a variety of project types including digital, mobile, and cloud strategies, digital transformation road-mapping, digital strategy project management, technology assessment, and software implementation.

expert marketplace: year over year consulting spend trends for popular project categories

In contrast, year-over-year demand for supply chain projects dropped slightly — this leveling out was to be expected after the unprecedented need for operations and supply chain demand in 2020.

Catalant promotes agility by providing businesses with access to the right expert in only 16 days. This is critical as there is no time to waste when it comes to driving business results. Since the skilled consultants who are available through Catalant are specialized in their fields of work, they’re able to hit the ground running, improve ROI, and decrease time to value upon being hired.

expert marketplace: catalant helps enterprises solve problems faster

After companies find consultants that deliver significant value to their business through Catalant, 32% of their spend is then devoted to extending those subject matter experts for additional work. This allows the business to get more value from the consultant as well as eliminate the potential overhead (e.g. cost, time, and resources) of a talent transition.

expert marketplace: 2022 enterprise spend on independent consulting

Whether your business plans are finalized months in advance, or unplanned and urgent needs arise, Catalant equips your business with access to qualified and experienced independent consultants who are prepared to make an immediate impact on your business. Companies that invest in Catalant as an agile business strategy are realizing improved results with faster and more sustainable returns on investment. 

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