Technology solutions to help your company through a bear market

With every market high comes the inevitable fall, where oil markets see the price per barrel plummet or banks decide they are too big to fail. The last decade was a great bull market with some turbulence seen only in the energy industry. However, with every high, there is a low. With the turbulence in the current year it is important for companies to be prepared for any economic condition. Here at Rand Group, we have been hard at work to ensure our clients are equipped to succeed in the face of market uncertainty.

Rand Group has taken efforts to bolster our analytics solutions and we are proud to offer Solver, Power BI, Jet Reports, and Jet Analytics reporting solutions. During a market downtown, we understand your objectives may shift from revenue growth toward more cost-cutting activities. Rand Group wants to provide a comprehensive technology solution during a market slowdown, and analytics are crucial in achieving that goal. Without the ability to quickly access relevant, accurate reporting data, it is difficult to make well-informed decisions. A market crash is not the time to be making critical decisions with inaccurate data. Our analytics solutions will ensure you have access to reliable reporting data to help make those crucial cost-cutting decisions.

At Rand Group, we have taken steps to prepare our consultants to be socially and economically aware. Through training and regular economic updates, Rand Group consultants are well-equipped to ask the right questions and direct their focus to the critical needs of each client. We understand your company’s focus and goals may change during a downturn, and we want to aid in making the transition as smooth as possible.

Additionally, our consultants understand the sensitive nature of a bear market. When people lose their jobs, everyone is working overtime, and deadlines remain unchanged, it is a stressful time. Be assured, we understand. Many of Rand Group’s consultants were formerly in industry, and have experienced first-hand the bank collapse of 2008 or the oil crash of 2015. Our well-trained consultants are empathetic to the difficult situations companies face during a bear market, and they are prepared to help.

Layoffs and cost-cutting may positively affect the bottom line, but there remains the challenge of doing the same amount of work with fewer people. While this is never an ideal situation, it is often the reality in a market downturn. Rand Group has prepared automation processes across each software platform we work with in order to allow the limited resources at your company to operate more efficiently. Additionally, built-in controls will minimize risks of fraud and error, which may become more prevalent as companies experience mass layoffs.

At Rand Group, we truly value our clients and take efforts to undertake meaningful partnerships. We would love to help you achieve your goals and prepare your company to thrive in the face of inevitable tough market conditions. Contact our team today for more information about the services we offer that can help you succeed no matter the market environment.