What is Enterprise Transformation

So, what exactly is enterprise transformation? Think of it this way—your business is all over the place, cluttered, and messy, and things are just not where they’re supposed to be. You think to yourself: you need a total makeover, and that’s how you’re gonna get more customers and keep them coming back. And when your business does not seem to function as well as you intend it to, then maybe it’s time to make significant changes. This is what you call enterprise transformation, and it aims to add value to your organization by changing several areas of your business.

Essentially, enterprise transformation is all about sprucing up your tech stack, shaking up your team structures, and giving those old-school processes a serious facelift. The main aim? To make everything run smoother and reel in more customers.

Different Types of Enterprise Transformation

When we talk about enterprise transformation, it’s a whole package deal. We’re not just tweaking a bit here and there; it’s about giving your business a complete makeover. Basically, this transformation covers several key areas of your business, including:

Digital Transformation

One important aspect of transforming an enterprise is digital transformation. This means trading in your old tech for new ones and weaving them with every other component of your business operations.

A digital transformation for your business can be a game changer. By adopting new tools, you can change how your business operates and deliver value to your customers. Implementing modern software into your daily operation puts you at the forefront of innovation, potentially surpassing all your competitors.

To give you an example, here are some essential tech systems that modern businesses utilize:

• CRM systems – Designed to help you manage interactions with current and potential customers
• Collaboration platforms – A suite of tools to help you prioritize tasks and improve productivity levels within your organization
• Payroll software – Simplifies your small business payroll services and tax compliance
• HR systems – Helps you handle recruitment, onboarding, performance management, and everything else about your employees
• LMS – Widely used for training and development as it allows you to deliver e-learning courses and training programs online

Organizational Transformation

Sometimes, the way an organization is set up isn’t the best for what it needs to achieve. Hence, transforming an organization usually involves shaking up the hierarchy, breaking down silos, or creating new roles and teams to better align with the organization’s goals.

Some key areas where organizational transformation has a significant impact include the following:

Company culture

Putting together the right people in the same room can significantly impact your company culture. Aside from better employee engagement, you have to make sure that everyone has the same values that are aligned with your organizational goals. This way, all your employees stay on the same page, paving the way for business growth and success. Additionally, empowering your workforce is crucial for fostering a dynamic and innovative environment. When employees feel valued and have the autonomy to make decisions, they are more likely to take initiative and contribute their best ideas.

Performance improvement

When your leaders and employees have a good relationship, they tend to work well together and accomplish great things. This directly impacts your business performance and improves productivity levels across your entire organization.

Market impact

Improving your products and services is a great way to gain new customers and retain existing ones, but it’s impossible to do it if your employees are not doing their jobs. An organizational transformation requires you to look at how everyone else is doing, find areas for improvement, and make sure that everyone stays on top of their game.

Operational Transformation

Operational transformation seeks to streamline business processes to improve workflow optimization, reduce costs, and enhance customer satisfaction.

Here’s how your business can benefit from an operational transformation:

Efficiency of operations

When you’re not getting the results that you want, there must be something that you’re doing wrong. Desperate times call for desperate measures, as they say. So, sometimes, that means transforming the way you do things. In other words, enhancing efficiency in business processes can help greatly.

Enhanced product and service quality

By simply implementing robust quality control measures and continuously monitoring performance, you can enhance your company’s product and service quality. This leads to better customer satisfaction, further driving the growth and success of your business.

Gaining a competitive edge

Making sure that your business is as agile and flexible as it can be helps you respond quickly to market changes. In today’s fast-paced business landscape, it is crucial to stay ahead of your competitors by having an efficient workflow that can easily adapt to customer needs.

Key Stages of Enterprise Transformation

Let’s face it, transforming a business isn’t a walk in the park. Whether it’s going digital, revamping your organizational chart, or fostering a culture of innovation, change can be messy. But fear not! Here’s a breakdown of the three key steps that will guide you on your enterprise transformation adventure.

Step 1: Seeing the Bigger Picture

The first step is all about acknowledging that it’s time to shake things up. Begin by evaluating the current state of the business. Take a good, hard look at your current processes and identify areas that could be improved. Maybe workflows need streamlining, or maybe new technologies could give you a big edge.

Once you’ve identified the “why” behind the change, it’s time to map out your desired future state. Think of it as your business’s ultimate vision board – what does success look like after the transformation?

Step 2: Making it Happen

Now comes the fun part (well, maybe!): putting your plan into action. This is where you roll out the new processes, technologies, or organizational structures. Remember, communication is key here.

Your team needs to understand the “what” and “why” of the changes, and feel empowered to embrace them. Don’t be afraid to make adjustments along the way – think of it as fine-tuning your transformation machine.

Step 3: Keeping it Going Strong

Congratulations, you’ve reached the “new and improved” stage! But the journey doesn’t stop here. This is where you monitor the transformation to make sure everything’s running smoothly. Think of it as checking the engine after a road trip – are there any tweaks needed to keep things humming?

Are there market trends, types of competitors, and customer preferences to pay attention to? Remember, the business world is constantly evolving, so staying flexible is crucial. Be prepared to adapt to unforeseen challenges to ensure your transformation continues to drive success.

The Secret Ingredient: Change Management

No transformation is complete without getting your team on board. If employees aren’t sold on the new way of doing things, the whole process can grind to a halt. Effective communication, training, and support programs are essential to foster a culture of acceptance and encourage everyone to participate in the transformation journey.

By following these steps and prioritizing getting your team excited about the changes, you can ensure your enterprise transformation is a success story, propelling your business to new heights!

The post Understanding Enterprise Transformation: Definition, Strategy, Benefits, Challenges appeared first on Comidor Low-code Automation Platform.

Our post ‘The Importance Of Automation Platforms For Businesses In 2020’ enumerates the benefits automation provides ⁠— such as mitigating human error, satisfying client needs, and optimizing business workflows. Statista predicts that £7.85 billion will be spent on automation by the end of this year, which just proves that businesses are realizing the importance of automating their everyday business processes.

However, deploying automation technologies to system processes isn’t like a walk in the park. In this post, we’ve listed down the two key rules that you need to keep in mind when automating business processes.

1. Have a foolproof strategy

As you craft your automation plans, it’s important to make sure that you’ve sufficiently analyzed your organization, processes, and data. This way, you are able to cover all your bases and prevent your strategy from failing. This bears more importance than ever as the Shared Service and Outsourcing Network reports that half of all automation projects fail. The reason lies in the fact that business owners choose the wrong processes and not a lot of stress is put on change management. Even if you choose a state-of-the-art software, your business won’t be positively affected if you fail to devise a sound automation strategy.

With that being said, you can strengthen your automation plans through analysis, process mapping, and redesigning jobs. Your goals and business structure should be also considered so that your automation plans converge seamlessly with your processes ⁠— effectively cutting down the time it takes to implement your strategy. Be sure to not only educate your staff about the changes but also to design your workload to suit and earn employee buy-in on the developments. Moreover, it would be beneficial to have a clear vision of what you want to get out of your automation strategy to avoid crafting solutions that overlap or worse, clash.

2. Know which tasks are best automated

While it’s great that our technological capabilities have allowed us to automate highly complex business processes or workflows, not every task should be left to the hands of machine learning and data analysis. Other than potentially wasting money and time on processes that are unnecessary or better handled by humans, automating everything will lead your business to lose any semblance of humanity — especially to outside stakeholders. In fact, research from the Oxford Internet Institute reports that people are still largely afraid of handing over their data to help optimize automation, especially in processes that can’t fully disclose how they arrive at a decision. So, continuing to pursue complete automation could result in disaster for your company. It’s better considering of automating backend processes instead of those that need empathy and human intervention.

Example of automating business processes

However, automation also shows its true potential when it comes to manual processes that need a ton of attention. For example, simply automating business processes related to your business social media posts through scheduling can save you massive amounts of time and energy. Automating these manual tasks comes with many benefits. Your business would be eliminating tedious and time-consuming tasks, freeing up this way essential manpower. Employees can focus on other aspects of business that require a human touch, like customer service and engagement. But that’s not all, as a Verizon Connect article on how manual processes are becoming outdated adds that automation also reduces the likelihood of error, which is critical for business operations that require precision, like analyzing data or preparing payroll. Moreover, automating tedious tasks related to security keeps your business up to date with ever-changing regulatory compliances.

Conclusion

It’s true that automation is the future. Therefore, businesses should take advantage of it to not get left behind. Automating business processes requires meticulous planning and strategies. If you’re able to execute your automation plans without any problems, expect upward progress and bigger revenues for your business.

Author bio:

Pearl Shaw is an analyst with a fascination for all things automation and digital transformation. She spends her spare time reading non-fiction books, listening to tech podcasts, and trying out new recipes.

The post The Golden Rules of Automating Business Processes appeared first on Comidor Low-code Automation Platform.