For Downsizing Consulting Firms, Konfer can be an Effective Partner

It’s no secret that some of the world’s biggest consulting firms have undergone downsizing over the past few years. As seen in the below image, consulting firms have laid off or plan to lay off over 10,000 employees.

While there are multiple causes for this shift, advances in AI adoption are certainly a big factor. Generative AI has been used both to supplement and replace consulting services, and can help a smaller workforce achieve the same productivity as a larger workforce. If your consulting firm wants to deliver effective results on regulatory compliance projects, Konfer’s agentic AI solutions can be an effective partner technology to drive your business forward despite a smaller workforce.

Konfer Playbook is an automated compliance management platform designed to simplify and streamline the compliance process for businesses of all sizes. It uses intelligent tools and insights for the generation of actionable compliance controls for complex regulations such as HIPAA, GDPR, CCPA, and many others. The platform enables businesses to automatically generate comprehensive control questions tailored to their specific regulatory requirements. It also organizes these questions into categories that align with different business functions, making it easier to assign responsibilities and manage compliance processes. This can significantly reduce time and labor costs for consulting firms working on compliance projects.

In addition, consulting firms can partner with Konfer to use Konfer Clear, an AI powered service that analyzes client documents against selected regulations to generate a detailed gap analysis report. This report builds a compliance posture and confidence score for the client at much faster speeds and lower costs than utilizing a large team of employees, and allows consultants to focus on bigger picture elements of compliance such as solutioning and problem solving. Konfer has recently launched a partnership using Konfer Clear with the global law firm Osborne Clarke, providing a white label solution for contract compliance analysis. This product can be easily adapted to your consulting firm’s needs.

If you are interested to learn more about Konfer’s agentic AI and how it can help improve your consulting practice’s AI toolkit, please contact us and we will be happy to schedule a demo of our capabilities.