SOURCE: Accounting Management Solutions

May 03, 2007 09:00 ET

Coordinating External Advisors Keeps Everyone on Track, According to Accounting Management Solutions

WALTHAM, MA -- (MARKET WIRE) -- May 3, 2007 -- With companies increasingly relying on people outside the organization for financial, legal, marketing, human resources, and planning guidance, coordinating that advice is critical to keeping your organization moving forward.

"Every advisor is motivated to provide the best advice he or she possibly can and sometimes might not take into consideration or understand what other advisors may be saying," says Rob Angell, Managing Director at Accounting Management Solutions, Inc. (AMS), New England's leading provider of outsourced accounting, financial management, and recruiting services.

"The challenge for the receiver of advice is to incorporate different and sometimes conflicting input in a way that reinforces and builds on each. Even areas that seem as distinct as human relations and marketing will intersect and need to be coordinated."

Angell says the place to start is to assign one person to coordinate advice on a particular initiative and ensure that all the advisors working on this issue have met. He also advises:

SELECT ONE PERSON TO COORDINATE AND INTEGRATE ADVICE - This is especially important for human resources or compensation issues, as well as for transactions such as those relating to funding. Someone has to own the overall process and reconcile any conflicts.

FOCUS ON GOALS - Different consultants operate differently, including how they work and how they bill for services. Instead of trying to shoe-horn everyone into one way of operating, focus on the common goal you want them to achieve, which is to help your organization thrive and grow.

COMMUNICATE CONSTANTLY - The more your external advisors know about your organization, the better they can serve you. Add them to your email distribution lists. Send them all new materials, such as marketing information, press clippings, and related materials.

ENGAGE ADVISORS WITH YOUR INTERNAL TEAM - A key way outside advisors provide value is by interacting with your employees. Ideally, your external advisors should feel free to contact people on your internal team as needed, and vice versa.

RESOLVE PROBLEMS PROMPTLY. - As in any relationship, questions may arise from time to time that may cause concern. If this occurs with external advisors, bring up the matter immediately, explain what you think is going on, and why it concerns you.

About AMS

Accounting Management Solutions, Inc. (www.amsolutions.net), based in Waltham, Mass., is the leading provider of outsourced accounting, financial management, and recruiting services to emerging companies and public, private, and nonprofit organizations throughout New England. Established in 1998, AMS is ranked as one of the fastest-growing private companies in the country by Inc. magazine, and in Massachusetts by the Boston Business Journal.

Contact Information

  • Contact:

    Peter Lowy
    Business Communication Strategies
    Tel: 781-326-9980
    Email: lowy@bus-com.com