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P2 Consulting and Brexit Partners Join Forces to Help Firms with EU Departure

P2 Consulting and Brexit Partners Join Forces to Help Firms with EU Departure

Complex change demands legal, regulatory, political and project management expertise

London, 14 February 2018: P2 Consulting (P2), a leading project and change management consultancy and Brexit Partners, a specialist Brexit strategy advisory firm that guides governments, industries and corporates through the transition process as the UK exits the EU, have today announced a partnership.

To date, the two firms have collectively completed over 30 Brexit projects. The focus of the partnership is to help organisations understand and respond to the challenges and opportunities of a hard Brexit, help them mitigate any negative impacts and where possible, help them disrupt the market, innovate and create competitive advantage. A comprehensive set of methodologies and automated tools have been developed to enable clients to address Brexit as efficiently as possible.

Brexit Partners is comprised of experts spanning business transformation, corporate finance, legal, regulatory, risk management, public policy, marketing and human resources and P2 Consulting specialises in project and programme management, business analysis and testing. Together the two companies provide end-to-end Brexit impact analysis, scenario planning, Brexit strategy and strategy execution.

Dr. Ray Nulty, Managing Partner at Brexit Partners comments: “The March 2019 deadline is looming and organisations are facing significant levels of uncertainty due to insufficient progress of Brexit negotiations. The window for preparation is closing and organisations need to start thinking about the implications of leaving the EU in a more holistic fashion. It’s not just about internal processes and exposure to sterling – they also need to think about the impact on customers, supply chains and capital markets. Firms need to approach Brexit as a transformational change and use it as an opportunity to future proof their organisations. It’s vital they move swiftly to get a 360-degree view of the challenges and put measures in place to mitigate risks. Partnering with P2 gives us the ability to help organisations with the full scope of their Brexit business challenges – we are excited to be partnering with them.”

Julian Clarke, Group Client Officer at P2 Consulting says: “UK corporates require clarity as to the consequences of Brexit, but one thing for certain is that it signals significant change. All organisations need to focus on what that change means for them and put the right checks and balances in place. We are delighted to be partnering with Brexit Partners.  Our combined experience will provide a guiding light to organisations still caught in Brexit confusion and help those that are further down the line in their preparations but have technical difficulties they might need help with.”

This partnership announcement follows the news that P2 Consulting has merged with change management consultancy, Certeco and also that P2 Consulting has been named as the second fastest growing private company in the UK in 2017, by the Sunday Times Virgin Fast Track 100.

Ends.

 

Editors’ Notes:

About Brexit Partners

Brexit Partners is a specialist Brexit strategy and execution organisation. We were formed as a collaboration between experts from financial services, management consulting, academia and public policy who have been involved from an early stage in advising firms, industry trade bodies and governments on Brexit. www.brexit-partners.com

About P2 Consulting

P2 Consulting is a market leading project and programme management company founded in 2013. P2 works in partnership with clients to turn their business ambitions into reality, bringing a unique blend of leading-edge thinking and hands-on delivery. Headquartered in London, P2 works with blue chip clients across sectors ranging from retail, financial services, engineering and telecommunications. The company specialises in running major business transformation programmes. P2 Consulting has been named as the second fastest growing private company in the UK in 2017, by the Sunday Times Virgin Fast Track 100. www.p2consulting.com

About Certeco

Certeco is a UK based business technology change consultancy. Offering specialist consultancy services to large corporates in industries like banking, insurance, public sector, education and media, Certeco focuses on bringing certainty to business change programmes, helping clients with business restructuring, regulation and digital change. Its trade surveillance service also helps financial institutions adhere to regulations like MiFID II. The firm, which counts many of the world’s largest financial services organisations amongst its clients, has a workforce of 200 and annual sales of £20m. Certeco has twice been listed in the Sunday Times list of fastest growing private companies.  www.certeco.co.uk.

Media contacts

Lucy Clark
P2 Consulting/Certeco
lucy.clark@certeco.co.uk
Tel: 07984184461

Blog: The GDPR landmines in retail – what should you watch out for?

Blog: The GDPR landmines in retail – what should you watch out for?

By Natalie Coolbergen, Principal Consultant

The May 2018 deadline for GDPR, the EU directive on data protection, is just around the corner. And as it approaches, retailers are scrabbling to get it right. Or they should be.

The swinging changes to data protection law impact everything from marketing to the end-to-end supply chain. The supply chain in particular is causing retailers problems, as the complex network of processes, systems and human interactions that support it has to be addressed in order to ensure retailers are compliant.

In the run up to the GDPR deadline of 25 May 2018, what are the issues keeping retailers awake?

  • The marketing conundrum: avoiding a swathe of customer complaints on data collection and usage and a large fine from the ICO, whilst supporting the commercial imperatives of the business, is at the top of the list. Explicit “opt-in” consent – with affirmative action – has to be apparent and proven. If you can’t prove customers have “opted in”, you have a problem. The waters are muddied as many large retailers have different divisions and it’s unlikely they have had the same model across all parts of the business. This means the GDPR adherence task is much bigger than they think. But they need to get their ducks in a row and quickly if there are to meet the 25th May deadline.
  • Audit trail: traceability is key if retailers are to be in a position to demonstrate GDPR compliance by May. And the complex flow of data via a web of internal and third party controller and processor networks is an auditing nightmare that isn’t going away any time soon. Retailers need to act.
  • It’s crunch time: on the whole, retailers have been slow to mobilise GDPR compliance initiatives. There are no magic money trees to pay for large compliance programmes, and with data stored within complex IT systems, retailers have identified the need to leverage existing IT investment programmes to address GDPR compliance. By doing this they can see where the gaps are and put in the right plans to address those gaps. It is time to firm up those plans and move into delivery mode.
  • What does good GDPR compliance look like? No one really knows. Levels of compliance are open to interpretation – further guidance will be issued in the spring. The risk appetite of the business will drive the scale of their change, meaning that if retailers want to avoid fines and reputation damage at all costs, they need to invest heavily in compliance. The Information Commissioner’s Office (ICO) is taking a pragmatic approach – they assume compliance programmes will run on long after May 2018, but by the deadline they expect retailers to demonstrate they understand their existing data landscape, have delivered high priority changes and have clear plans in place.

Their obligations are hazy. And balancing the rights of customers and the integrity of the data and IT architecture with the commercial viability of the business across a complex supply chain is a huge challenge. But by May, retailers have to be seen to be complying with the spirit, if not immediately every letter, of the GDPR. There are opportunities amongst the obligations of course– compliance initiatives can be a force for good, as they accelerate digital initiatives and streamline processes. And as online retail proliferates and customer loyalty is more and more precious, retailers who take their roles as guardians of personal data seriously could tap into an emerging priority for customers. It’s not all doom and gloom – but time is of the essence…