MCA sees drop in public-sector fees
Public-sector spending on management consultancy has decreased in recent years, as government departments change their procurement policies.
Income now represents only 20 per cent of consultancy revenues, according to figures presented at the Management Consultancies Association’s seminar on “Successfully choosing and using management consultants for public-sector organisations”.
“We still spend millions on it, but there has been a downward trend in recent years,” said Roger Matthewman, procurement manager of Information Technology Services Agency (ITSA), the Department of Social Security’s executive agency. “The vast majority of spending has been on IT consultancy,” he added.
In 1993, just five government departments spent #2.5bn on external professional consultancy between them. But according to David Smith, director of regional policy at the Department of Trade & Industry, there was no exact record of how much was being spent.
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceAccountants in industry must upgrade wisely to help their businesses evolve, according to Nick Longden of AccountsIQ Read More...
View articleIn the fast-paced world of accounting, maximising productivity is essential Read More...
View articleClear data strategies must be put in place, insists Moore Kingston Smith’s Becky Shields Read More...
View articleSeamount Accountancy was already dealing with its own rapid growth when the pandemic struck; a new software system helped it navigate through both Rea...
View articleTechnology could enable this by allowing teams to 'speak the same language' Read More...
View articleAccountants often act as ‘salespeople’ for cloud providers, according to one market participant Read More...
View articleAnother source argued that client relations could be jeopardised by the inability to prepare Read More...
View articleBuy-in from clients is critical to ensure MTD compliance by April 2024 Read More...
View article