From projectsourcing to consultancy: What are the differences?

Project sourcing, recruiting, consultancy, outsourcing … These concepts are often used together but they can be confusing. Where are the differences? And what support does iCredit offer? In this blogpost, we provide detailed information.

#1 Project sourcing

When we speak about external experts who temporarily take on a certain role within your company, project sourcing is the most relevant term. Our finance consultants are a perfect example of this. They support a financial department for a determined amount of time but remain on our payroll. This way your organization can replace sick employees, for example, lower the peaks in workload, or enhance the team awaiting permanent back up.

#2 Secondment

Secondment is similar to project sourcing: we provide you with temporary professional, external workforces. The difference? Secondment sometimes has a negative meaning to it in Flanders, because the concept can also indicate prohibited posting. That is why iCredit operates with the term project sourcing. Are you also active within the Netherlands? Secondment does not have a negative meaning to it there. A cultural difference.

#3 Consultancy

Consultancy refers to the temporary provision of expert advice to a client. This immediately implies that iCredit does not focus on consultancy in the classical sense of the word. When a company knocks on our door, we consider the question. We look for an effective solution, which we then implement on the shop floor. Our finance consultants therefore do not limit themselves to giving guidelines from the sidelines. They temporarily take over the function and take care of the operational part. The same applies to our interim managers. They share their experiences, help optimizing processes and fulfill various executive tasks.

#4 Outsourcing

Outsourcing means to place out certain processes to an external organisation. iCredit specifically focusses on credit management: our credit controllers help with your debt collection from A to Z. The quality is of the same level as project sourcing, there is only a difference within the employment. Finance consultants take on a seat in your department while our credit collectors work from our iCredit office. And above all, project sourcing is a temporary solution, while outsourcing can be done on the long term.

Do you want more information about our services? Are you interested in collaborating? Contact us and we will answer all your questions!