{"id":1273,"date":"2024-10-29T21:08:16","date_gmt":"2024-10-29T21:08:16","guid":{"rendered":"https:\/\/criticalconnexion.com\/?p=1273"},"modified":"2024-10-29T22:44:42","modified_gmt":"2024-10-29T22:44:42","slug":"digital-transformation","status":"publish","type":"post","link":"https:\/\/criticalconnexion.com\/digital-transformation\/","title":{"rendered":"Digital Transformation"},"content":{"rendered":"\t\t
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Digital Transformation<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Have you heard the buzz term \u201cdigital transformation\u201d but have no idea what it means? In the simplest terms, digital transformation means integrating digital technology into every facet of your business in streamlining processes, operational systems, and bringing greater value to your clients. \u00a0It is also a cultural change, making sure your entire team is on board with adopting new automated technologies and AI \u2013 so that you can better operate both internally and externally.<\/p>

As your company (and financials) continue to grow, we understand that your accounting, operational, and service needs become more complex. The main challenge is knowing how to leverage the right new technology that will support your business strategy and adapt to your company\u2019s data needs. This is where Critical Connexion comes into play to help you with your digital transformation.<\/p>

Digital transformation means integrating and using your current and future digital technologies to revamp how your business operates, connects and engages with customers, and keeps up with financial obligations. Yes, digital transformation affects all areas of business, <\/em>which is why it is integral for all types of businesses: small, medium and large. That way, your company will remain competitive in a world where EVERYTHING is becoming digital.<\/p>

As you add employees, increase your customer base, and expand your product offerings, you may find your basic financial spreadsheets become too convoluted, you\u2019re not engaging with your customers, and you aren\u2019t moving beyond the status quo. This means your company may need a digital transformation!<\/p>

Choosing the RIGHT Cloud-Based Services<\/strong><\/p>

We are continuously helping our clients keep up with this much-needed digital transformation by assisting them with the incorporation of new digital technology. Our team can propose new technology specifically based on your company\u2019s needs \u2013 we know there is no \u201cone-size-fits-all\u201d solution when it comes to digital transformation, and it can be extremely difficult to identify what this term means to your specific situation.<\/p>

Although many business leaders equate the term \u201cdigital transformation\u201d to a popular way of saying \u201cmove to the cloud,\u201d they aren\u2019t too far off. Digital transformation may look different for every company, yet there are staples that can be used to help companies operate more efficiently and deliver value to customers. Moving to the cloud is a significant first step to figuring out what it means to be \u201cdigital\u201d and incorporating this term into your company\u2019s culture.<\/p>

At Critical Connexion, the technology that we currently use to help our clients with their own digital transformation are cloud-based services like NetSuite and QuickBooks. The choice of technology really depends on your company\u2019s needs, which we will determine after careful examination and consideration to help companies move from their vision of digital transformation to a seamless execution of these \u201cnew\u201d services.<\/p>

For example, many smaller businesses have found that QuickBooks<\/strong> is a great starting point for their accounting and bookkeeping because it is very user-friendly and has a lower price point than NetSuite. Although not as multifaceted as NetSuite, QuickBooks does assist with income and expense tracking, financial report creation (i.e., income statements and balance sheets), basic tracking of cashflow, and bank and credit card integration.<\/p>

QuickBooks is perfect for standard bookkeeping and accounting, and we take the complexity of accounting needs into consideration when helping our clients consider their data transformation needs. Once we notice that a client\u2019s accounting needs move beyond the realm of more simple spreadsheets or the bookkeeping aspects of QuickBooks, we help them integrate more complex cloud-based services, like NetSuite, into their digital transformation.<\/p>

Staying Financially Organized through NetSuite<\/strong><\/p>

As you may have noticed, the main driver of digital transformation is technology. Yet, this is easier said than done since detaching from outdated technology you may have been using for decades can be difficult. We have talked to our own clients about what their businesses need in their digital transformation and have found that a major issue in the business world is having a better way to stay financially organized. This is a good first start to moving forward with innovation, and luckily, Critical Connexion offers a solution through the implementation of a cloud-based ERP and Financial system like NetSuite.<\/strong><\/p>

NetSuite is the \u201cnext-step\u201d financial management solution option for companies that need real-time data, customizable fields and dashboards, preconfigured KPIs, HR management software, integrated planning and budgeting, and more! NetSuite also has a unique feature we have found to be vital for our clients \u2013 financial regulatory and compliance management.<\/p>