Every organization, small or big, tries its best to match the expectations of its customers. With Covid-19, many aspects of our personal and work lives are now conducted online via digital platforms. Hence, it is crucial to change your business model to what your customers want.
At this point, only one thing is correct: you need to innovate or perish!
Digital Transformation is a buzzword we hear more often than ever, and it is an all-new way of doing business. You need to unlearn many things, change many existing business practices, and find new ways and means to conduct your business. Of course, this must happen without affecting your current flow.
Here are some of the benefits your business experience from implementing a digital transformation program:
- Cost Savings
- Improved Efficiency
- Increased Transparency
- Revenue Growth
- Better Supply Chain Management
- Better Customer Experience
- Competitive Advantage
In our experience, many SMEs believe that digital transformation is the domain of large enterprises. Still, small and medium companies like your business can reap genuine benefits. These are from embracing technology and setting themselves up for the future so they can adapt quicker.
Let me say it is possible, but a real challenge! But all that pain puts your business on par with the latest technology, puts you ahead of the competition, and yields a higher ROI.
According to IDC’s slater digital transformation survey, lack of technology integration is the number one challenge for mid-sized companies in any industry.
Approaching digital as isolated, or for one of the projects creates problems at 3 levels:
- Strategic Level: Initiatives are tactical & disconnected from the overall business strategy
- Technology Level: Individual innovative ideas are disconnected from Core IT
- Organization structure: By creating a lack of alignment between IT and core Business Units.
To win the digital race, organizations must implement an integrated, corporate-wide strategy that provides a single direction of all business domains. This strategy should be supported by an organizational structure with a digital embedded and integrated technology architecture that allows the creation of digital products, services, and experiences.
SAP Business One SME ERP is one such platform, which has proven over the decades, and to thousands of customers worldwide. The intuitive and robust solution makes your day today. SAP Business One supports you in making a smooth transition. The natural extension points with Cloud Technologies, IoT, Machine Learning, Big Data, Mobile Technologies, and Analytics will make your enterprise future-ready.
Get in touch with Consultare, SAP Business ONE Gold Channel partner, to help you manage your company and resources by implementing Best in Class ERP solutions for business processes and systems.