Consulting
FTI Consulting Restructuring
How Does F TI Consulting Redesign Your Financials?
A recent article in the British Medical Journal has focused a great deal of attention on FTI Consulting, an industry research firm specializing in FTE restructuring. Their report includes information about the firm, its methodology, and a detailed description of its findings.
FTI is one of the largest and most respected consulting firms in the United Kingdom. It specializes in providing services to large companies and institutions that need help reducing the cost of their operating costs. The firm was founded in 1991 by John Woodcock and Peter Johnson, two former executives at engineering and construction company Carillion.
FTI’s business model involves three basic steps: identifying and eliminating waste; providing financial modeling tools to help in the elimination process; and collecting information and data from its clients. The firm uses this information to provide the organization with strategic recommendations regarding their overall costs and operations.
In order to make its analysis more effective, F TI consultants use a wide range of tools. Among them are: project management software; financial modeling software; financial reporting software; and software for analyzing customer data and financial performance. According to the F TI website, they also use “expert advisor” tools like the Project Resource Planning, CRM and ERP solutions. These tools help the firm to reduce cost, improve operations, and increase revenue.
Because F TI’s aim is to reduce overall operating costs and improve the efficiency of its clients, it provides reports on its findings. These reports include the results of all the tools it used and the results of the various analyses it performed. Some of these reports include:
The reports also include a complete explanation of each of the three steps involved in FTI consulting. The company claims that its reports have helped thousands of organizations reduce the costs associated with their operations. For example, the firm identified a large number of waste items. Then, after identifying and eliminating the highest level of waste, it provided recommendations for improving the quality of the next level of waste.
Another benefit of F TI’s work is that they have become very well-known in the industry. According to a recent article in Business Week, “The firm has helped dozens of businesses through its studies and advice.” Business Week added that FTI Consulting is “particularly popular with hospital administrators and attorneys who believe that they can save money by getting help with financial and human resources matters.”
Overall, F TI consulting restructuring seems to be a relatively new field. The industry has been growing steadily since 1990, but this growth has slowed substantially in recent years. The company’s website offers a comprehensive listing of its past projects, and the estimated savings that each one may provide. For a small investment of time and money, it will pay off handsomely over the long run.
Some of the projects that F TI has assisted companies with include:
Other services that the company offers are:
F TI’s Financial Modeling, Reporting, and Consulting Services: As stated above, the firm specializes in financial modeling and report generation. It uses different types of software to analyze financial data, identify areas of improvement, and develop strategies to achieve those goals. The financial modeling software used by F TI is based on an advanced version of Excel and reports can be prepared directly into Microsoft Office documents and Excel spreadsheets.
The financial modeling software works by using the methodology of multiple regression and Monte Carlo simulation techniques to model financial variables. These methods determine how changes in a variable would affect the model. To perform this analysis, the firm uses financial data that is stored in the firm’s computer database, and financial reports from various customers.