Business Transformation For Future

Business process change management is the methodology for optimum utilization of the resources at minimum cost and focuses on quality, speed, and service for the improvement of critical performance.

The business environment is dynamic, which means enterprises have to make some definitive changes for expansion and growth. Transformation of technology, processes, or personnel impacts the workflow at multiple levels and accelerates growth and capacity. Business transformation, presently, is heavily dependent on IT systems and technology. Usually, the process lasts for more than a year. However, due to the digitalized technology, there is a significant reduction in the establishment of the transformation.

Redesigning the processes can also mean replacing the old methods, technologies, and ideologies with new ones. During a turnaround, it is better to have professionals who have expertise in all these areas.

What Transformation Do You Seek?

One of the biggest risks involved during the Business Transformation is the failure of the remodeling. Any company that is willing to improve has to take that risk. However, to reduce the risk, the critical evaluation of the current processes and the redesigning plan will help reach better decision-making.

Business Transformation can either be a survival obligation or a path chosen by the management. The transformation aims to improve the overall performance of the business process and increases efficiency, accelerates productivity, more return on investment, better sustainability and improves safety.

Business transformation is a broad term that emphasizes various aspects of the business function. The process has been categorized into six different types –

  • Digital transformation
  • Organizational transformation
  • Management transformation
  • Cultural transformation
  • Transformation of business processes
  • Information system transformation

It is a complex process that enterprises indulge in multiple times during their business lifecycle. The decision for the change of business operation is crucial for the refinement of the company’s goodwill in the market. The Board of Directors and Stakeholder/s require grasping a clear plan with the help of integrated data and information. 

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Practus Can Help You With Business Transformation

During business transformation, the organization requires more workforce since the planning and implementation cannot be executed without a proper review and access to the latest data of all the departments. It is crucial in that period to get some extra hands to join the project.

Practus facilitates support for every major department during the transformation of the business. You can choose the perfect option that fulfills your requirement from our delivery modules. Our services and tech tools are created in collaboration with some of the leading companies in IT systems and technology.

We critically analyze your working environment and methodology to generate the best planning and delivery module of the service, which will complement your ideology of operations. Practus consists of teams that are experts in different areas, markets, and technology. Practus brings various business-related and technological tools with the purpose of turning around the firm’s procedures. Our professionals always build synergy with the employees of the firm and work for optimal results. We always try to provide the best results according to the requirements and targets of our clients.

During Business Transformation, we facilitate the following service for different departments:

For Finance Department

  • Credit Rate Improvement
  • Capital Structure Review
  • Balance Sheet Restructuring
  • Increase Cost Optimization

For IT department:

  • IT Strategy Review
  • Shop Floor Automation
  • IT Enhancement/ Re-implementation

Human Resources Department

  • Workforce Optimization
  • SWOT Analysis
  • Organogram Review
  • HR Information Systems
  • Re-engineer Policies and Processes
  • Balance Score Card Implementation
  • Employment Satisfaction Measurement and Improvement

For Manufacturing Department

  • Budgetary Controls
  • Spend Management Tools
  • Business Process Re-engineering
  • Manufacturing efficiency
  • Quality and ISO practices
  • Inventory Management

For Distribution/ Logistics Department

  • Supply Chain Analysis and Improvement
  • Reduction in Logistics Costs
  • Evaluating Inventory planning

For Sales Department

  • Revenue Assurance
  • Yield Analysis & Improvement
  • Sales Team Productivity
  • Customer Satisfaction Measurement & Improvement
  • Sales Team Productivity
  • Receivable Cycle Management /Bill-to-Collect Process
  • Go-To-Market Strategy
  • Cash-to-Cash Cycle (Working Capital Cycle)
  • Business Model Optimization

    Practus prioritizes survival and expansion in a dynamic business environment by altering some of the outdated processes to yield improvement with a better workflow system, information systems, and networks. The role of Practus as a consulting and implementation firm is to facilitate the best Business Transformation for enhancing the performance of clients.

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