FAQ

Choosing a Consulting Partner

Why should a bank choose a small consulting firm over a large consultancy?

Large firms bring brand recognition but often lack agility, personalized attention, and deep engagement in implementation. SimpliFI Consulting offers hands-on involvement, faster response times, and solutions tailored specifically to your bank's needs. You benefit from the expertise of seasoned bankers (not junior associates) working directly with your team.
How does SimpliFI Consulting’s approach differ from larger firms?

Unlike larger firms that often rely on standardized frameworks, we follow an inside-out approach. We invest time to understand your bank's unique challenges and culture before proposing solutions. This ensures that the solutions are relevant, actionable, and adopted seamlessly by your teams. Further, we also implement the suggested solutions in close collaboration with your teams. Our "skin-in-the-game" pricing approach ensures our success is directly tied to yours.
How does SimpliFI Consulting ensure cost-effectiveness?

By maintaining a lean structure, SimpliFI Consulting eliminates unnecessary overheads. Our model leverages your internal resources effectively, focusing on building their capacity rather than creating dependence on external consultants. This approach reduces costs while ensuring sustainable outcomes.

Can a small firm handle the complexity of a bank-wide transformation project?

Yes. We specialize in breaking down complex problems into manageable root causes and delivering long-term solutions as against quick-fixes. Moreover, we partner with subject matter experts and the best-fit technology providers to meet specific requirements, ensuring scalability and success.
How can a small consulting firm ensure scalability of solutions?

Scalability depends on both technology and people. We ensure that every project has a clear, agreed-upon path for full-scale implementation from the start. Be it technology or people, we can either bring in the right partner or collaborate with your existing vendor, based on your preference.
Will a small firm have access to the right technology and resources?

Absolutely. We collaborate with a network of trusted technology providers, selecting partners based on your bank’s specific needs. This ensures that the solutions are cutting-edge, scalable, and tailored to your objectives, rather than a one-size-fits-all approach.

How does SimpliFI Consulting handle resistance to change during implementation?

Change management is central to our approach. By involving client team from the start and designing solutions aligned with client's organizational culture, we ensure smoother adoption. Additionally, our hands-on implementation support helps address challenges in real-time.
What if a bank’s needs change during the project?

Business environments are dynamic, and we understand that projects can evolve, requiring new skill sets. We will assess our capabilities and communicate openly with you. If we can meet those new demands, we will adjust our approach; if not, we will work with you to find the best solution for your needs.

What kind of results can we expect from working with SimpliFI Consulting?

We focus on delivering tangible, long-term results. Our commitment to understanding the root causes of your challenges and working collaboratively ensures that the solutions we implement lead to sustainable improvements.
How does SimpliFI Consulting define "successful delivery" for a project?

Successful delivery milestones are defined collaboratively at the outset of the project. We work with your team to establish clear milestones with measurable outcomes, ensuring that both parties have aligned expectations throughout the project lifecycle.
What happens if the project doesn't meet the agreed-upon success criteria?

We structure each project with clear, pre-agreed milestones, allowing for continuous evaluation of progress. If any part of the project fails to meet the success criteria, we do not charge for that portion. This approach reflects our commitment to delivering value and ensuring the success of your project.
How does SimpliFI Consulting ensure ongoing alignment with our needs during the project?

We ensure alignment through continuous, transparent communication from the very start. Our "skin-in-the-game" pricing structure ties our success to yours, so we remain fully committed to delivering on agreed milestones. We regularly revisit project goals and objectives with you to adapt to any evolving needs, ensuring the project remains on track and aligned with your objectives.