Digital Transformation Services: Business Transformation Assessment & Roadmap

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 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/services? What methods of delivery are most efficient and effective? Are there additional products and services and are there 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
• Budget and headcount needs
• Governance structure
• Alternate funding models
• Legal, risk and regulatory issues to be considered

Outcomes

Integrating and applying the roadmap, organizations can benefit from the following:

• Grow revenues and margin
• Create laser focus on customer needs
• Integrate data-driven actionable insights and decision making
• Ensure established security and protection
• Optimize business operations
• Improve work/life of workforce

How Cherry Bekaert Can Help

Digitally-enabled organizations can better predict, innovate, perform, and compete. Let our team help guide you through the transformation, optimization and management of your digital transformation journey.