Day: July 22, 2020

Why You Should Speed Up Your Digital Transformation During the Crisis


5 min read

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Before the crisis, if your company depended on a physical location and in-person interactions with customers, vendors and employees, it might have made sense to cling primarily to legacy systems and paper processes. Adding digital components like a website, mobile app or electronic payment processing didn’t necessarily mean you’d undergone a complete digital transformation

The current health crisis has changed the with guidelines and mandates on remote work and social distancing. Even if you’re fortunate enough to continue operating, this radical change may mean it’s time to take a deep dive into a digital transformation, rather than just baby steps. 

Here’s why you need to change now, and how to do so on a lean budget. 

Related: How to Reward Employees in Uncertain Times

Crumbling legacy systems and paper processes

Not every business is adequately handling the volume that many financial institutions and state and federal organizations are currently experiencing for loan and unemployment processing. These are prime examples of the insufficiencies of legacy systems buckling under the pressure of increased demand. Healthcare and insurance systems are also struggling in this new environment. 

Accounting

On a smaller scale, businesses and startups are also finding it difficult to continue using manual accounting

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