Transformation based on large-scale projects is inherently flawed.
Flexibility is more important than ever for businesses operating in the digital economy. That’s why traditional methods based on implementing large-scale technology projects no longer work.
Today’s challenges demand smaller projects that can spin up fast, with the flexibility to adapt to new priorities. When business conditions change, your business has the ability to pivot and refocus.
Why the Professional Services Industry Needs a New Digital Strategy
The current business climate has been especially challenging for the professional services industry. As with other industries, professional services companies have been taking steps to adjust and make sure their businesses survive. At the same time, their clients are asking for help to address their own challenges during the pandemic.
Fortunately, professional services companies were well positioned to step up to these challenges. The very nature of the industry provided the ability to adapt swiftly and continue supporting clients with effective collaboration and remote service delivery. Firms that were further along the path to digitization and diversification of services fared even better, with the ability to adapt more quickly and easily.
Change Your Approach. Not Your Priorities.
itelligence consultants with deep knowledge of the professional services industry and SAP technical expertise work with your business to get a full understanding of your challenges, threats and opportunities. This analysis is used to identify your best opportunities to benefit the business, and a preliminary roadmap is created and prioritized to address the most urgent needs first.
Here’s how it works:
How Mature is Your Business?
itelligence offers an Industry Insight Discovery workshop that is designed to stack-rank your business against peers in the professional services industry. Based on this analysis, we provide recommendations for your business to address gaps and get your business on the technology curve. Output from the analysis includes:
- Presentation of your strategic roadmap
- KPI identification and solution benchmarking
- Positioning your business for optimization through leveraging SAP solutions
What Drives Value for the Professional Services Industry?
We work with you to identify the key performance indicators (KPIs) that will drive the most value for your business, and develop a roadmap to achieve your goals. Our process includes the following:
- Assess your process maturity
- Benchmark against industry peers
- Build your business case
Here are some examples of value drivers for the professional services industry that we can explore:
Agility
- Improve on-time delivery performance
- Reduce days to close annual books
- Reduce time to market for new products
Confidence
- Reduce non-compliant services spend
- Reduce audit cost
Effectiveness
- Improve control over program budgets
- Improve days payable outstanding
- Improve HR reporting and analytics capability
- Improve sourcing savings on indirect spend
- Improve supplier/external partner compliance
- Improve tactical sourcing savings
- Increase financial forecast accuracy
- Increase project margin
- Increase revenue from new products/services
- Increase service revenue
- Reduce days in inventory
- Reduce turnover
Efficiency
- Increase billable utilization rate
- Increase revenue from cross-sell/up-sell
- Reduce asset maintenance cost
- Reduce employee manual transaction effort
- Reduce inventory carrying cost
- Reduce manual transaction and HR administration effort
- Reduce project management cost
- Reduce sales cost
- Reduce service and support cost
- Reduce service contract administration cost
- Reduce time to fill
- Reduce total logistics cost
- Reduce transportation spend
Experience
- Improve social collaboration and knowledge sharing
- Improve targeting of training
- Increase employee engagement
- Reduce customer churn
Let's build your roadmap, together.
Our Industry Solution Principals bring unique insights into the processes and requirements of your industry. We understand the dependencies, limitations and opportunities of todays’ and tomorrow’s technologies, and will bring the best of SAP’s industry innovations to add value for your business.
Together, we’ll build a roadmap designed to help you tackle your most urgent business challenges, with the flexibility to reprioritize as business conditions evolve. Here’s an example:
Ready to Get Started?
Let us know when you’re ready to explore building a dynamic roadmap tailored for your business.
We’ll take a deeper dive and build the best roadmap for your business, together.
Get in touch.