Digital Transformation Strategies for Finance and Accounting Teams
A significant portion of our clientele consists of the Finance and Accounting groups. In many projects, the Chief Financial Officer (CFO) and their direct reports within these groups play pivotal roles.
However, the needs and focus points of the Finance and Accounting departments during digital transformations can be distinct from those of other departments within organizations. In this context, I aim to elucidate the aspects finance and accounting professionals should consider during a digital transformation. This discussion is pertinent not only to those in the finance and accounting sector but also to professionals from other departments or those part of a digital transformation project team. The objective is to offer insights into addressing the specific needs of Finance and Accounting stakeholders within an organization
What is Lean Six Sigma? [And What It Means For Digital Transformation]
Two decades ago, Lean Six Sigma was prevalent. Many organizations, especially those in the manufacturing sector, prioritized Lean Six Sigma. It was essential to employ staff that would adhere to Six Sigma methodologies. However, over the years, the prominence of Six Sigma has diminished as new buzzwords and trends have emerged, overshadowing its significance. This article will address two primary topics: first, the definition of Lean Six Sigma, and secondly, how Lean Six Sigma can enhance the effectiveness of a digital transformation.
My Motivational Speech for Digital Transformation and ERP Implementation Teams
As digital transformation consultants at Third Stage, one of our primary responsibilities is to inspire both project team members and organizational leaders to achieve success. It’s akin to playing a role similar to that of Tony Robbins by offering the necessary motivational speech and pep talk that organizations require. While I may not possess the stature or energy of Tony Robbins, I am committed to energizing you and your team to ensure success in your projects. For those unfamiliar with Tony Robbins, think of other motivational figures like Oprah Winfrey or Deepak Chopra. Remember, this is a broad motivational discourse aimed at enhancing your success in your transformation journey.
What is Enterprise Technology? Here is Everything You Need to Know.
Enterprise technology serves as the driving force behind most organizations, enabling them to grow, scale, and effectively deliver their products or services. This technology is vital for long-term success. However, navigating the many categories of enterprise technology can be daunting for those unfamiliar with them. This guide aims to explore and explain the major categories.
Why HR and HCM Are Key to Digital Transformations [HR Departments and Human Capital Management]
In this discussion, I will elaborate on the reasons underlying the importance of HR in this context. Even if you are not a part of the HR department, but rather an executive sponsor or a project team member, I hope this will offer you insights into fostering better collaboration and partnership with your HR department to enhance the success of your transformation efforts.
What is the Difference Between Project Management and Organizational Change Management?
Effective project management is crucial for the success of any digital transformation initiative. Additionally, organizational change management plays a significant role in ensuring the success of such transformations. It is important to distinguish between organizational change and project management. In this discussion, I aim to explore the differences between these two concepts.
How to Manage Your First Digital Transformation or ERP Implementation Project
One of the common and intriguing observations we make with our clients is that many digital transformation leaders and project team members lack prior experience in transformations. They may only encounter such projects once every 10 or 20 years, if at all. The overwhelming majority of individuals we work with have never been through a transformation before.
Comparison of a Successful vs. Failed Digital Transformation [Two Digital Strategy Case Studies]
Over the years, I have learned a valuable lesson – even when two digital transformations appear quite similar on paper, their outcomes can differ significantly. These differences arise from the key decisions, areas of focus, and approaches adopted during the project.
How to Measure Digital Transformation Results and Value Creation
Most organizations aspire to achieve success in their digital transformation endeavors. However, many of them struggle to grasp the true meaning of success in this context. Therefore, the primary focus of this discussion is to define the concept of digital transformation success.
What I Learned About Digital Transformation While On Holiday
I recently returned from vacation and am now back in the office. Today is my second day back, and during my time off, I gained valuable knowledge regarding digital transformation. Although I didn’t actively contemplate digital transformation while on vacation, since my return, I have developed additional insights and perspectives that I would like to share with you today.
Learning from Mistakes That Cost Digital Transformation Project Managers Their Jobs [Career Advice]
One of the roles we frequently work with among our clients is project managers. Our primary focus is advising project managers, along with other individuals, to ensure their success in digital transformations.
However, project manager turnover is significant in complex and challenging digital transformations. Today, I aim to discuss the common reasons why project managers often struggle and fail in their roles. My goal is to provide guidance, input, and career advice to help you avoid the pitfalls and mistakes frequently made by project managers.
What are the Best Alternatives to SAP S/4HANA? [Top ERP Systems to Compare to SAP]
A large subset of our client base evaluates SAP S/4HANA as part of their digital transformation strategy for the 2020s and beyond. However, many clients often inquire about alternative options beyond SAP. These inquiries primarily come from larger organizations, multinationals, and complex organizations aiming to scale and standardize their operations. They often perceive SAP as their best or only option. Therefore, today, I would like to discuss the top alternatives and options comparable to S/4HANA that you should consider as part of your digital transformation strategy moving forward.