For companies of every size, a digital transformation strategy is the process of translating a company’s data into knowledge, and then integrating that value into its business model, is enormously beneficial. This process enables cost reduction, can increase revenues, and frequently empowers employees with data-driven insights. This typically results in increased productivity and often leads to better customer service.
“In most cases, a digital transformation roadmap is a multi-year initiative,” said Gustavo (Tavo) Vasconcelos, CEO of Asinpa. “While a multi-year project may get approved, only necessary CapEx dollars for the current year are truly approved, and sometimes the second year’s budget gets reduced sacrificing the overall vision.”
This process of ‘encumbering’ budget dollars is challenging on multi-year initiatives and requires projects and teams to be flexible and nimble to adapt to the ever-changing environment and needs.”
Fortunately, Asinpa developed a powerful process to support companies in executing a digital transformation strategy with CAPEX budget constraints. Focused on enterprise-level software development and strategy, Asinpa is dedicated to helping clients achieve business goals through customized, value-driven solutions, utilizing an on-site and near-shore service model with predictable, measurable, and fully transparent processes.
The Annual Budget is Set. Now What?
After budgets have been set, there are several steps a company should consider in designing a digital transformation strategy.
“Typically, when budgets get approved, it is primarily because key stakeholders have already determined the estimated cost and ROI for the initiative,” he said. “A good approach is to evaluate the costs against the impact to ensure the project stays within budget yet achieves broader digital transformation goals. Asinpa frequently helps our clients make these adjustments to achieve broader range goals within budget constraints.” Tavo said.
Software development outsourcing for many initiatives, including digital transformation, plays a valuable role when a company is looking for expertise that it doesn’t have in-house. It’s also a cost-effective strategy when the company wants to accelerate the process, and increase productivity, by bringing a technology partner to help it create resource elasticity. Specifically for digital transformation, studies have shown that the bulk (+80%) of these initiatives get outsourced.
Digital Transformation for Human Capital Management (HCM)
“When completing an HCM-specific digital transformation project, there are several challenges,” Tavo noted. “Change management is at the top of the list.”
“There are different ways of doing tasks, which potentially redefine responsibilities that a company may not be aware of. The execution around the transition of platforms, albeit lengthy, is not the most complex challenge. Having transparency to the process and communicating progress around the platform and data transition, while the business adjusts and aligns with the changes, is crucial for project success.
“Asinpa supports HCM initiatives by leveraging a process that increases transparency to keep all parties involved updated and allow them to make the right decision.”
A Technology Partner
Comments from many Asinpa clients suggest that they feel Asinpa is a go-to “technology partner” for such transformative projects as digital transformation.
“We try to position ourselves in a way that adds value,” he said. “It would be simple for us to just ‘show up’ and execute a project. However, we invest the time to understand our client’s business, so we can have an educated conversation and identify the best solution or approach to solve their challenges.
“We strive to deliver what the client needs versus what the client asks. The worst thing is to hear ‘this is exactly what I asked for, but it is not what I need.’ This happens when you have an inexperienced team working with a client.”
“Digital transformation is a journey. It is critical to focus on the ‘digital’ aspect of it in order to determine the best solution. The execution involves marrying technology, new processes, and people. This is our ‘secret sauce’ for success.”