Empowering Midsize Companies For Competitive Growth And Digital Transformation
In today’s fast-changing world, most midsize companies find themselves facing significant challenges in staying competitive and growing profitably. As a result, these organizations are under immense pressure to undergo digital transformation around their ERP processes. They must venture beyond conventional strategies, be ready to scale for growth, embrace innovative business models, and explore new lines of revenue. Moreover, the ability to be agile and pivot has become a critical factor for success. This was highlighted in a recent IDC survey where, when asked, how will the move to a new ERP impact your business outcomes, the the top answers were to become digitally enabled, improve customer experience, and improve agility.
What is driving this digital transformation?
Companies today are faced with challenges from all angles. We are faced with geopolitical, environmental, and economic challenges everywhere we look. Whether it is a war in Europe, forest fires in Canada, floods in Italy and the US or inflation and rising energy costs everywhere, the constant pressure is on for businesses to be more resilient and agile.
Wherever in the world you go to, almost every business leader has these, or very similar reasons to transform:
- I need to increase my business agility to respond to change.
- I need to continue to driving innovations and identify new business models and revenue streams.
- I need to increase efficiencies and optimize resources by improving visibility and leveraging automation, AI, and other technologies.
- I need to be able to scale and expanding my business while managing costs and complexity.
What do they need?
In every growth company there comes a time when the current processes aren’t keeping up and they need to pivot to a more scalable and more capable, reliable solution.
To be able to achieve these goals companies are looking to the cloud for the answer.
A cloud solution enables you to leverage industry best practices and proven tools and methodology to get up and running at speed to enable a rapid return on their investment.
Agile organizations need to be underpinned by a system that will grow with them. To fuel their growth, they will benefit from automated processes to get work done quicker and at a higher quality. Embedded analytics, process flows, and real time visibility into the total business performance enables decision makers to steer the business towards achieving their goals.
Only then are they able to deliver new sustainable business models, identify best practices and areas of improvement and empower innovation.
What are the business benefits?
When you digitally transform through a Cloud ERP solution that supports current industry standards you are able to get up and running quickly, with very little dependency on IT. You have an innovation platform that enables business agility to define business processes, and rapidly build, integrate, and collaborate across the organization. A SaaS model helps you meet your business and budget needs, while enabling business continuity and minimizing disruptions, It puts you in a position to scale, innovate and enable continued business growth.
To learn more, click here to join a webinar where IDC’s Mickey North Rissa, MOD Pizzas’ Tara Gambill, and SAP’s Lauren Hussum will discuss how midsize companies can digitally transform and GROW with SAP.