Business Value Realization
Business value maximized. Sometimes enterprise software projects do not deliver the transformation expected. At Ultra, we offer the analysis, adjustments and enhancements you need to achieve your goals.
Many companies focus on the initial transactional efficiency benefits of their new ERP. But our expert consultants know there are other important, high-value gains that can be realized in a second wave.
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 value realization services are designed to make your ERP project a success.
1 - Validate
In our value realization 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.
2 - Analyze
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.
3 - Innovate
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.
4 - Activate
Following your priorities, implementation focuses first on the changes, enhancements and projects that will have the biggest and most immediate impact.
5 - Realize
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.
ULTRA'S BUSINESS TRANSFORMATION SERVICES
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.
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.
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.
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
Q: What is Business Value Realization?
A: 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.
Q: Why is value realization important?
A: 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.