Digital transformation can mean various things to different people in different industries. Generally speaking, digital transformation is about adopting digital technologies to optimize and improve products, processes, and services.
Read on: Digitalization is going to be a necessity. Are you ready?
Software-as-a-Service, mobile apps, and Cloud computing have played a significant role in moving organizations towards integrated and automated solutions.
Organizations today are focusing on delivering a better customer experience. However, there are a few challenges in the way organizations and the workforce operate.
Organizations are facing challenges in different areas. Technology has advanced and is offering a plethora of options. There’s a vast disparity between organizations regarding automating their processes and improving efficiency with the latest tools.
On one end, the organizations' goals are to be agile, efficient, and customer centric. On the other hand, they get challenged by the ability of their IT systems to deliver accordingly. Some common challenges include:
- Legacy systems and a lack of integration: There have been many organizational investments into different types of systems like legacy Enterprise Resource Planning (ERP). What we are seeing is disparate systems and departments working in silos. Read on: Introduction to Vault’s integrations.
- Manual processes: Manual processes abound with staff using various means for data entry like spreadsheets. These are slow, repetitive processes that are prone to human error and could result in wrong data being in the systems.
- Lack of visibility: Organization leadership and project managers don’t have a real-time view of the activities in an organization. They can't view the KPIs that matter which leads to delayed remedial actions. Read on: Have you properly defined KPIs to your best advantage?
- Resourcing: Resource allocations aren’t optimized meaning that maybe the best people aren’t doing the right tasks. There’s also a lack of accurate visibility into time and tasks.
Organizations need to orchestrate all their organizational data sources for a unified view and enable complete transparency.
Forrester’s SaaS Transformation Playbook reports that two-thirds of software decision-makers in organizations plan to replace or complement ERP software with software-as-a-service (SaaS) applications or have already done so.
Leverage Enterprise Resource Management SaaS tools to improve your business
Digitalize operations
SaaS vendors leverage vast economies of scale and deliver better software experiences at a lower total cost.
Digitalizing business processes is faster through SaaS applications. Modules spanning Project Management, HR, Operations, Sales, and Financial management typically provide a comprehensive digitalization for any organization.
Easy customization enables organizations to modify and adapt workflows to suit their business needs.
The modular structure enables organizations to choose the modules they need, unlike old enterprise resource planning applications. Moreover, payment is also flexible as organizations only pay for what they use.
Take the digital step – a piece-meal approach
You can start small with just a single module and gradually scale up later. This flexibility drives in cost-benefits and lowers the risk for the business if they go for a big bang approach.
Enables business agility
Digitalizing is about making your business more agile. It brings about more collaboration and communication for the organization on a single platform.
Creating schedules and assigning tasks to resources or viewing the project status in real-time are features that make projects successful.
Real-time information and KPI dashboards ensures everyone is on the same page. Managers can check the status of projects and assign tasks. Views of the status of tasks and project data on the platform in real-time enables informed decision-making. Data-driven decision-making enables accurate and timely decisions.
Customized real-time reports enable staff with actionable insights leading to remedial actions where needed.
Overall, the organization's management and staff will find themselves making faster data-driven decisions, automating manual processes, and improving productivity.
Become more customer-centric
Collaboration improvements and remote working empower geographically distributed teams. Data is centralized and sharing documents is easy. Organizations become more focused on the customer which means they deliver better services due to improved productivity.
A common digital platform across an organization provides improved collaboration and seamless communication capabilities to align with digitalizing an organization.
Discover Vault, an enterprise resource management tool that seamlessly blends in with your organizational processes and makes it customer centric. Cloud-based computing and a SaaS delivery model deliver digitalization benefits.
Improve your team’s efficiency and productivity with real-time project visibility with analytical dashboards and drill-down reports.
Schedule a free consultation with Vault and discover success.
