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?
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
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.