Advisory Services
Does your organization need a few positions filled or need to revamp your organizational structure? BFS’s Advisory Services are design to address crucial areas of organizational performance and quality. Whether you need general Organizational Support or need a holistic buisiness transformation via our StrategicRethink© service, BFS has you covered.
StrategicRethink©
Transform Your Business with Tailored Strategic Solutions.
BFS StrategicRethink© is the ultimate solution for organizations seeking to optimize their operations, enhance efficiency, and achieve optimal performance. Our unique approach combines strategic planning with business process review and reengineering services to provide tailored solutions that meet your organization's unique needs and challenges.
With our Strategic Planning process, BFS helps you gain a clearer understanding of your operating environment, set measurable goals and objectives and establish frameworks to track performance. Our expert facilitators guide you through a proven strategic planning process to develop a customized strategic roadmap for the future. With comprehensive environmental analysis and facilitated vision and mission development, we empower you to set clear goals and formulate strategic objectives that drive growth. Our proven methodology translates your priorities into an actionable strategic plan with key initiatives, timelines, resource allocation, and implementation strategies for success.
Our Business Process Review and Reengineering process takes a three-pronged approach to evaluate process, systems, and people/positions. Our process assesses whether existing operations are operating effectively and efficiently. Our data-driven approach identifies optimization opportunities through data-driven assessments, gap analysis, and process mapping that align your strategic goals and unique culture. We design customized solutions to streamline workflows, reduce costs, and improve performance while meeting your vision and mission. We also employ change management support to ensure successful adoption across the organization. Keep Reading
BFS StrategicRethink© components can be tailored to meet your exact needs to optimize your operations, enhance efficiency, and achieve optimal performance. Key Features of StrategicRethink© are:
Performance Evaluation:
We conduct a comprehensive evaluation of your organization's current performance. Our experts analyze key metrics, benchmark against industry leaders, and identify areas for improvement.
Performance Metrics and KPIs
We identify and define relevant performance metrics and key performance indicators (KPIs) that accurately measure progress towards your goals. Our experts establish robust tracking and reporting mechanisms to monitor performance on an ongoing basis.
Employee Engagement and Development:
We recognize the importance of engaged and skilled employees in driving performance excellence. Our services include employee engagement strategies, talent development programs, and performance coaching to empower your workforce and maximize their potential.
Goal Setting and Strategy Alignment:
We work closely with your team to set clear and achievable performance goals that align with your strategic vision and objectives. Our experts help translate high-level goals into actionable targets, ensuring everyone is aligned towards a common purpose.
Process Optimization:
We analyze your existing processes and workflows to identify bottlenecks, inefficiencies, and areas for improvement. Our experts provide recommendations for optimizing processes, streamlining operations, and enhancing overall efficiency.
Continuous Improvement Initiatives:
We assist in establishing a culture of continuous improvement within your organization. Our experts help develop frameworks for capturing feedback, implementing changes, and fostering a mindset of innovation and ongoing improvement.
What are the advantages of BFS StrategicRethink©?
• A tailored strategic plan focused on growth, effectiveness, and sustainability.
• Optimized processes that reduce costs and drive performance.
• Expert guidance and practical solutions for your unique challenges.
• Innovative solutions that provide strategic focus and operational excellence.
• Change management support ensure successful adoption of new strategies and workflows.
Success Stories
Texas Education Agency:
Worked with TEA to successfully establish a new federal compliance and reporting division for a state agency as part of audit findings and required corrective actions. We collaborated with process owners and change agents to ensure business readiness, fostering the integration and adoption of compliance controls across both the agency and interagency levels. The effort also included negotiating with USDE to create a new strategic process to calculate and issue over 1500+ indirect cost rates annually.
Higher Ed:
BFS has worked with Institutes of Higher Education to revamp Financial Departments. BFS made a significant impact by conducting a rigorous evaluation of existing policies and procedures, meticulously assessing their efficacy and efficiency. Our comprehensive business process review not only identified areas of improvement but also offered tailored solutions to streamline daily operations and enhance overall performance. By delving into system configurations, our experts meticulously evaluate functionality and compatibility with new policies and procedures, providing invaluable guidance for optimization.
BFS StrategicRethink© is the innovative solution your company needs. Together, let's rethink your path to enhancing efficiency and achieving optimal performance.
Operational Support
Our Operations Support Services encompass a wide range of essential activities, including staff augmentation and project specific work such as account reconciliations, backlog processing, and more. We are all expected to do more with less, but at some point, we just can’t do anything else. BFS is here to help, before, during and after you reach that point. Our professionals provide exceptional support, leveraging their expertise and industry knowledge to deliver high-quality outcomes.
At every step of the engagement, we prioritize communication and collaboration to ensure our solutions align with your specific needs. Our team prides itself on exceptional communication skills, ensuring smooth collaboration and seamless integration into your operations. We understand the importance of effective communication in achieving project success and will work closely with your team to understand your goals and adapt accordingly. Keep Reading
What sets us apart?
Capability to provide qualified personnel
We bring substantial expertise, creativity, innovation, and proven approaches to each project. Our resources include a number of valuable certifications to meet your project needs.
Flexible and Scalable Solution:
Whether you need one person for a year or a team for a project, we offer you the flexibility and scalability needed to address your organization's changing needs. BFS provides the right people at the right time to This ensures that you have the necessary resources at any given time without the burden of long-term commitments.
Quick Integration into Operations:
Our experience allows us to integrate into client operations rapidly. We understand the complexities involved in onboarding new team members, and our streamlined process ensures minimal disruption to your workflow. You can expect our team to hit the ground running and deliver results from day one.
Cost-Effectiveness:
By choosing BFS, you have access to a pool of highly skilled professionals without the overhead and long-term costs associated with hiring full-time employees. Our tailored solutions enable you to optimize processes, implement technology solutions, improve service/product delivery, ensure quality control, and enhance the skills of your workforce.
At BFS, we have a team of experienced professionals who specialize in providing operational support and guidance. Our approach combines industry best practices, proven methodologies, and developing an understanding of your unique business context and requirements. Examples of our specialties are:
Account Reconciliations:
Our team of experienced professionals will meticulously review your financial records, bank statements, and other relevant documents to identify discrepancies and ensure that your accounts are balanced and accurate. By leveraging industry best practices and advanced reconciliation tools, we can streamline this process, saving you time and minimizing the risk of errors.
Backlog Processing:
If your organization is dealing with a backlog of operational tasks, our team can provide effective solutions to process and address these outstanding items. Our efficient and systematic approach reduces the backlog, enabling your business to move forward and focus on current responsibilities.
Process Optimization:
We understand that operational processes can sometimes be inefficient or outdated. Our experts will conduct a thorough analysis of your existing workflows, identifying bottlenecks and opportunities for improvement. By streamlining processes, implementing automation tools, and introducing best practices, we can optimize your operations, resulting in increased efficiency and reduced costs.
Pre-Audit Reviews:
BFS understands the importance of being well-prepared for audits and ensuring compliance with regulations, standards, and internal policies. We offer guidance, support, and expertise to strengthen your readiness with a heavy focus on documentation requirements for a smooth and successful audit. We provide guidance on documentation requirements, review existing documents, and support organizations in developing comprehensive and well-organized documentation needed for a smooth audit.
Program Management:
BFS understands the challenges of managing multiple projects and ensuring their alignment with overarching organizational goals. We have a team of experienced program and project managers who specialize in delivering successful outcomes for complex initiatives. Our approach combines industry best practices, proven methodologies, and a meticulous focus on the details. Our PM services include:
• Program Planning and Roadmap:
Program Planning and Roadmap: Develop comprehensive program/project plans and roadmap to outline the key milestones, deliverables, and interdependencies of initiatives. Our experts create a structured framework to track progress, manage risks, and ensure timely completion of activities.
• Stakeholder Engagement:
We recognize the importance of stakeholder management in the success of any initiative. Our services include stakeholder analysis, communication planning, and engagement strategies to foster strong relationships and ensure buy-in from key stakeholders.
• Resource Management:
We assist in optimizing resource allocation and utilization across initiatives. Our experts help identify resource gaps, prioritize needs, and establish resource management processes to ensure effective utilization of personnel, budget, and other resources.
• Risk Management:
We proactively identify and manage risks that may impact success. Our experts develop risk management frameworks, conduct risk assessments, and recommend mitigation strategies to minimize potential threats and improve outcomes.
Success Stories:
As part of our work with TEA, we developed automated systems to perform compliance reporting to clear two-years of back logs for three major programs, which represents 13,500 unique cases. We also worked with TEA to negotiate the resolution of corrective actions related to USDE findings. Our efforts incorporated program management to realign processes to mitigate risk and improve outcomes resulting in 100% collection of Questioned Costs over a 3-year period.
Choose BFS for professional and results-driven Operational Support services that are specifically tailored to meet the unique needs and challenges of your company. Contact us today to discuss how we can assist your organization in achieving operational excellence and driving business success.