Digital Transformation

• Data Accessibility and Reliability – Improve visibility to data and increase comfort over the completeness and accuracy of data utilized in financial reporting. 
• Employee Engagement – Alleviate unnecessary or redundant tasks from employees, allowing time for them to focus on higher-value-added tasks.
• Enhanced Use of Existing Software – Identify features and functionality of existing business applications that are unutilized or underutilized to maximize existing investments and strengthen processes.
• Improved Reporting and Analytics – Improve timeliness and availability of financial and operational reporting and analytics to better support business insights that drive management decisions.
• Reduced Risk – Eliminate existing control gaps in processes while improving audit trails for compliance and regulatory requirements.
• Reduced Cost – Save time and money by freeing employees from non-value added tasks and by replacing patch-worked technology with robust multi-purpose solutions.
• Increased Revenue – Achieve better visibility into current processes and identify new opportunities for growth by recognizing and taking action on patterns and trends that otherwise would not have been visible or readily apparent.
• Streamlined and Standardized Processes – Reduce inefficiencies in existing processes and create additional efficiencies through automation, standard operating procedures and training.
• Improved Customer Relations – Provide better visibility into the customer experience and make more informed decisions related to buying habits, delivery of products and services, and support.
• Adapt to Change – Improvements to organizational flexibility to better respond to market disruptions and customer needs.

The Schneider Downs Digital Transformation Model

We work with our clients through three phases – Discover, Plan and Execute – to deliver solutions that incorporate both technology and enhanced business processes to improve the stakeholder experience.

Discover:  To make the best recommendations for your organization, we must first understand where you’re currently at by assessing the purpose, efficiency and effectiveness of your current processes and technology, including data architecture, in the identified business process areas.  We’ll also assess the number of individuals and the amount of time it takes to perform the business processes.  The result of the Discover phase will be recommendations to reimagine and strengthen existing processes and technology, as well as solutions to further enhance and automate the business process areas.  

Plan:  The recommendations from the Discover phase will be reviewed and assessed collaboratively with you to establish which projects to execute and in what order, resulting in a prioritized plan for implementing the identified recommendations.  The results of the Plan phase are detailed project plans and selected solutions with budgets, timelines, and resource requirements, setting you on the path to digital transformation.

Execute:  Once we know the opportunities and have agreed on a transformation plan, Schneider Downs will assist in the project management and solution implementation process through the Execute phase.  Some of the areas our team assists with include: