Insights & Impact
Businesses of every size and in every industry are going through their annual budgeting process now and, based on conversations we have had with many of them, the struggle to get more value from their data is an ongoing frustration.
There is a great deal of value locked up in inefficient business processes but efforts to improve those processes is often blocked by the very technology employed to power the business. No matter the industry, from financial services and manufacturing to healthcare and professional services, connecting the technology building blocks that the business depends on usually requires human intervention.
Legacy software and legacy processes are among the chief frustrations that bog down efficiency efforts in financial services. Too often, data gathering and reporting has been automated only to have the results be exported to spreadsheets for manipulation into “usable” reports.
The idea of custom software for nonprofits sounds counterintuitive in an industry known for making do with less. However, a properly planned software solution can offer a return on investment (ROI) that moves it from a luxury to a strategic necessity.
Many outside the manufacturing industry picture manufacturing companies as easy to streamline and manage, but the truth is that modern manufacturing processes can be just as hard to schedule and perform as professional services.
It may be true that data drives all successful businesses today, but who is in the driver’s seat, you or your data? In many businesses reactive management practices let the data call the shots without proper analysis, leading to costly mistakes or missed opportunities.