US-based Claro Group signs affiliation agreement with Accuracy

04 September 2018 Consulting.us

Financial advisory firm Claro Group has signed an affiliation agreement with French financial advisory firm Accuracy. The agreement – which doesn’t alter ownership or corporate structure – gives Claro access to the global reach of Accuracy’s offices in Canada, Europe, and Asia. Meanwhile, Accuracy will benefit from Claro’s footprint in the United States.

Chicago-based Claro Group is one the leading privately-owned financial and management consulting firms in the United States. Founded in 2005 by a team of former Big Five consultancy partners, the firm provides business and government clients with financial advisory services – including disputes, investigations, insurance claims, corporate recovery, and technology offerings. In addition to its Chicago headquarters, the consulting firm has offices in Houston, Austin, LA, and Washington, DC.

Claro has expanded its reach globally with the signing of an affiliation agreement with Paris-based financial advisory firm Accuracy. The similarly focused French consultancy offers its clients advice in areas ranging from turnaround and restructuring to disputes and transactions. Accuracy has 400 consultants working from 12 global offices spread across Europe, Canada, Asia, and Africa.

US-based Claro Group signs affiliation agreement with Accuracy

Teaming up with Claro likewise fills a gap for Accuracy, which lacks a footprint in the United States – the world’s largest and most mature consulting market. “This agreement with The Claro Group is our first and only affiliation, making it unique,” commented Fredéric Duponchel, CEO and Managing Partner of Accuracy. “It is key in our development as it reinforces our capacity in the US, in addition to our current European, Asian and Canada locations.”

“We share values and the same vision with The Claro Group partners, and we have many common actions planned in the near future.”

Claro Group Chairman and CEO George Hansen added, “This affiliation expands the geographical reach of both firms and allows us to better serve our clients, many of whom operate in global markets.”

The synergistic affiliation will not alter either organization’s ownership or governance structure. The agreement will, however, enhance their economies of scale while allowing for a sharing of resources, knowledge, and best practices.

Consultancies will often form strategic alliances and partnerships with technical firms to expand their capabilities without adding in-house talent, like management consultancy RGP allying with robotics expert Wonderbotz to secure access to leading robotics process automation resources.

Firms will also form alliances with like-minded and similarly-focused consultancies to mutually expand their geographical reach and access to clients, without having to open new offices. However, if and when these firms decide to move into a geographical area of their affiliates, these alliances are often dissolved.

More news on

×

Deloitte to collaborate with Google Cloud on raft of new solutions

17 April 2019 Consulting.us

Accounting and consulting firm Deloitte will work with Google Cloud to create an array of solutions for the life sciences and healthcare, financial services, and retail sectors. The announcement was made at the annual Google Cloud Next conference in San Francisco.

Deloitte has an especially strong partnership with Google Cloud, having been named its Global Services Partner of the Year for two years running. Google Cloud is among the leading enterprise cloud platforms, alongside the offerings of industry heavyweights such as Amazon, Microsoft, and IBM.

Deloitte currently provides a number of industry-specific solutions build on the Google Cloud platform, targeting areas like big data and analytics, machine learning, application services, SAP, and security. Deloitte leverages its existing technology and industry-specific expertise to build solutions on Google’s powerful open-source software. It’s a common exercise for many consulting firms – turning the raw material of a platform or ecosystem into a useful finished product for diverse clients, possibly as part of a wider overall advisory package.Deloitte to collaborate with Google Cloud on raft of new solutionsThe consulting firm will now deliver new Google Cloud solutions to clients in three pivotal sectors. In life sciences and healthcare, Deloitte will offer solutions targeting biomedical research, operations optimization, and healthcare data modernization. Within financial services, the firm will help banking, insurance, and investment management companies convert ideas into profitable strategies though Google’s high-performance computing and applied AI. Deloitte will also offer leading-edge solutions to help detect financial crimes.

The retail sector, meanwhile, will be able to benefit from advanced consumer insights and engagement, more connected supply chains, and efficient and modern commerce infrastructure.

"We are thrilled to make this commitment with Google Cloud to bring the power of its leading technologies to our enterprise clients," Janet Foutty, chair and CEO, Deloitte Consulting and chair-elect, said. "Together, we plan to transform operating models across these key sectors by harnessing the power of cloud technologies and the extensive industry-specific knowledge and experience of our practitioners."

Thomas Kurian, Google Cloud CEO, added, “Deloitte's reputation for enterprise transformation makes them an ideal teammate for us as we expand our cloud into new industries and with the world's biggest customers. Industries from health care to financial services to retail share a need to modernize – quickly. We're excited to join with Deloitte and deliver solutions and technology to help them do just that."

Related: KPMG and Google join forces to bring Industry 4.0 solutions to clients