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With technology playing an even more dominant role in just about every aspect of operations for businesses of all sizes, digital transformation is a more urgent topic of discussion than ever.
5 Tips
Here's a five-point guide
to Develop a
Digital Transformation Strategy That Works
It’s a good conversation to be having, but it can get wildly expensive, incredibly fast. So what can businesses do to increase the chance the money they invest in technology will actually drive the return they expect, with a budget impact they can manage?
Click on each tip to learn more.
To talk over your digital transformation strategy and flexible finance solutions to support faster growth and long term competitive strength, get in touch with your LEAF Account Champion today.
Focus on using technology rather than owning it.
Get your partners on board.
Build a concurrent plan to update your processes and technology.
Rightsize your solution.
Understand that there is no endpoint.
Understand that there is no endpoint.
Digital transformation might be better called digital evolution because it’s always going to be on your to-do list, requiring an approach that’s built around continual investment.
Focus on using technology rather than owning it.
Technology assets often depreciate quickly, and end-of-life management costs can add up rapidly. As you plan, talk to your finance provider about alternatives to paying in full to own technology assets when paying only for what you use could be a smarter option.
Get your partners on board.
Technology vendors and finance partners aren’t there just to facilitate your technology plans – the best ones will help you reach your goals in a more effective and affordable way than you may have come up with on your own.
Build a concurrent plan to update your processes along with your technology.
Don’t hamstring powerful new hardware and software with processes optimized for old technology.
Rightsize your solution.
Find the Goldilocks zone between spending on capabilities you don’t need and scrimping on technology only to find it holds you back and turns obsolete fast.
