Business Value Realization Consulting
Vision
Many companies focus on the initial transactional efficiency benefits of their new ERP. But our expert ERP business management consultants know there are other important and high-value gains that can be realized in a second wave.
Correction
Technology and software initiatives can fall short for a variety of reasons. Our rescue and re-engineering services, post-implementation enhancements, continuous improvement initiatives and targeted training can deliver transformation you expect.
Value Realization: Five Components
Whether your implementation was managed by an internal team, an implementation partner, our project team or some combination, our business value realization consulting services are designed to make your ERP project a success.
Validate
Gather information.
In our value realization consulting process, we start with an initiative to understand your organization and processes. We perform a process maturity assessment, review your pain points, and take a close look at a large number of financial reports, as well as your organizational structure, headcount, current KPIs and process inventory. All this information gives us the insight we need to see opportunities for additional value and make a business case for change.
Analyze
Set priorities.
We analyze your organizational performance, find capability gaps, identify areas for improvement, and assess their value and cost – and then rank and recommend enhancements based on magnitude and your strategic criteria. With these priorities in-hand, we get to work.
Innovate
Detailed preparation.
Value realization initiatives, like all projects, require extensive planning to be successful. In this phase, we develop requirements, identify dependencies and sub-projects, build project teams, gather vendor costs for comparison, generate a budget, create project and transformation roadmaps, and determine value to the enterprise.
Activate
Capture value.
Following your priorities, implementation focuses first on the changes, enhancements and projects that will have the biggest and most immediate impact.
Realize
Assess impact.
All of our projects include mechanisms to deliver detailed value and cost metrics. This critical reporting provides the ability to review and monitor value realization – and enables adjustment and correction as necessary.
BUSINESS PROCESS IMPROVEMENT
We build a foundation for your transformation by understanding your unique requirements, assessing your current state, showing you what's possible with modern solutions, developing a desired future state and then optimizing your core processes.
TECHNOLOGY SELECTION
We guide your company through an unbiased, comprehensive and highly structured process designed to determine your best-fit solution – one that will meet your unique requirements, scale with your business and enable your future state.
SOLUTION IMPLEMENTATION MANAGEMENT
We combine a flexible, proven implementation methodology and exceptional project management expertise to reduce your risk, accelerate time-to-benefit, drive ROI and deliver success.
BUSINESS VALUE REALIZATION
We combine industry best practices, process maturity-focused projects, software enhancements and your new capabilities to sustain process improvements and ensure you maximize the value and benefits of your solution.
Business Value Realization Frequently Asked Questions
Business value realization is a term that refers to the ability to track the quantified value a business receives from a newly implemented solution. Value realization allows the business to understand the impact of business solutions on customers, business operations, finances and even stakeholders.
Monitoring your value realization allows you to understand current issues with your business efficiency and your customer experience and proactively respond to those issues. When you understand business valuation you can see where the business is excelling and where there are opportunities for improvement.
Industry Insights
Exploring industry insights highlights how ERP solutions empower the cannabis industry, streamlining operations and compliance in this rapidly evolving sector.
How to Assess and Improve ROI After an ERP Implementation
An enterprise resource planning (ERP) system takes significant organizational resources, and therefore being able to…
Eight Critical Success Factors in ERP Implementation
An Enterprise Resource Planning (ERP) system implementation is a massive undertaking for any organization, whether…
RFP Guidelines for ERP
ERP RFP Guidelines—Step-by-Step Guide to Crafting an Effective RFP for your ERP Project Enterprise Resource…
