Digital Transformation Services: Business Transformation Assessment & Roadmap
October 15, 2021
In a rapidly evolving, complex and uncertain marketplace, businesses look for innovative ways to continue to meet changing customer needs and manage profitable revenue growth.
The current market conditions provide middle-market organizations a “once-in-a-lifetime” opportunity to take strategic risks, grow revenues and gain market share. Through digital enablement, these organizations can nimbly meet evolving customer needs, expand their go-to-market footprint and compete more effectively with some of their larger, less agile contenders.
Cherry Bekaert’s Digital Advisory provides strategic and tactical support to businesses, positioning them for long-term growth. In addition, we improve performance by transforming business models – leveraging technology and data as a core competitive advantage.
Digital Transformation Journey
A critical step in the digital transformation journey is establishing a Business Transformation Assessment and Roadmap.
Business Transformation Assessment & Roadmap
Areas of Focus
Our digital transformation team thoroughly evaluates your people, process, technology and culture in the following areas:
- Go-To-Market: How does the organization engage with customers and markets to gain a competitive advantage?
- Products and Services Offerings: What are current products and services? What delivery methods are most efficient and effective? Are there additional products and services or options to productize offerings for a recurring revenue model?
- Business Operations: What business processes can be automated to optimize operations? Are there alternate business and talent models?
- Growth Strategy: What strategies align with and fund growth to include build, buy or form strategic alliances?
Deliverables
Once the assessment is complete, leadership receives a comprehensive report and roadmap outlining:
- Business and market trends
- Insights on evolving customer needs
- Analysis of the current business and operations metrics, including financials, margins, etc.
- Vision for the future of the business
- Recommend actions steps, prioritization, impact, costs vs. benefits, timing, etc.
- Budget and headcount needs
- Governance structure
- Alternate funding models
- Legal, risk and regulatory issues to consider
Outcomes
Integrating and applying the roadmap, organizations can benefit from the following:
- Grow revenues and margin
- Focus on customer needs
- Integrate data-driven actionable insights with decision making
- Establish security and protection
- Optimize business operations
- Improve work-life balance of workforce
The Digital Difference
Cherry Bekaert Digital Advisory helps organizations ignite growth by quickly assessing, transforming and sustaining business strategies based upon priorities, strategic plans and budget. Utilizing an agile and flexible approach, we help you to reengineer your business operations and services, examining each area with a focus on people, process, technology and culture.