How the Covid-19 pandemic forced companies to accelerate their digital transformation strategy.
The COVID-19 pandemic has impacted every facet of business and very few companies were immune to its effects. Distributors, Manufacturers and Field Service companies of all sizes had to deal with serious challenges to their business during the pandemic.
Digital Transformation
The lifeline has been and will continue to be technology, from deploying a completely remote workforce to engaging customers via the internet, companies deploying technology better absorbed the initial shocks of the pandemic. These companies pivoted their strategy and accelerated their digital transformation. In fact, many of these companies not only survived, but they thrived, taking advantage of opportunities with new business models fueled by technology.
Initial numbers have shown that companies investing in digital transformation are outperforming their peers. For companies looking to grow and protect themselves from future disruptions a transformation has become a requirement and an ERP solution is at the core of a company’s digital transformation strategy.
In 2021, any ERP solution considered should be built for mobile and telework scenarios and easily integrated with the collaboration tools of your choice. The solution should deliver flexibility, efficiency, and continuity of operations to a growing organization. A best of breed business management solution for digitally resilient companies should address the connected business, rapid integrators, remote collaboration, business resilience and most importantly, should be future proof.
What makes the companies that are thriving different?
They are typically running on a future proof platform with embedded integrations, modern security, analytics and most importantly, access from anywhere, anytime from any device. Connected cross module workflows, B2B connected business, AI Machine learning all become part of the transformation equation.
There is a direct connection between success during the pandemic and the organization’s digital transformation prior to the pandemic.
These companies understand that technology is the enabler for speed and agility. A digital transformation requires a cultural shift on part of an organization and needs to adopt new ways of thinking, working and problem-solving.