These 5 steps support you in introducing digital B2B transformation to your business
You want to increase your sales and profit, but don’t know where to start? You also want to increase your data quality and enable automation? Are you still using outdated, manual processes that make it difficult to keep track of business processes? If you’re moving to digital B2B transformation, you can digitize all of these processes.
The resulting benefits, such as increased process efficiency, lower transaction costs and greater control over business processes, will help you achieve your goal of increasing profits. Digitization also helps you avoid errors caused by manual processes. By digitizing your B2B processes, you can track your business in real time, maintain closer contact with your customers and connect directly with your suppliers.
By the time you read this article, the question of whether (you should go down this path) has obviously already been answered – now it’s a question of how (to approach transformation).
1. How well are you prepared?
At this point in the process it is important to be honest with yourself and the company: How well is your company equipped with technology? Do you have the capacity to train your employees?
After the digital transformation, more will be worked with machines and less with people. This means that time-consuming, tedious tasks can be left to machines, leaving your employees with more capacity for more important tasks.
By ensuring that your employees are familiar with the new processes and trained accordingly, these tedious tasks can be replaced with more efficient methods.
You decide whether they take small steps towards the digital transformation or whether they confidently take equally large leaps. They can either start with the introduction of e-invoicing or integrate fully automated invoice processing controlled by artificial intelligence from the very beginning.
2. Use your network
Instead of continuing to use old-fashioned services that can’t keep up with today’s fast-paced world, you could turn to a digitization expert, outsource your EDI system and let the professionals do the work. You’ll see that it doesn’t take more than that to move to digitized, user-friendly and cost-effective services.
At this point, it’s also a good idea to be inspired by your network and learn from its knowledge: Don’t stay in your closed environment, reach out to contacts in other industries. This helps to promote the growth of your company.
3. Get inspired – away from your comfort zone
A lot can be achieved with good cooperation: Find out from like-minded people about ways to digitize. Step away from your comfort zone, take a look at consumers and find out which e-commerce solutions are being used. Maybe this can be turned into a B2B solution?
4. Realize how important data management is
Real-time data management is more important than ever – keep your business processes up-to-date and stop worrying about incomplete or incorrect invoice data. Data management allows you to monitor your purchases and see what and how much you have purchased.
There are so many different areas where you can use your data management to optimize them. The first step would be to have the data ready in digital form so that you can analyze and improve processes.
5. Keep up with constant changes
A constantly changing environment requires quick decisions and well thought-out actions. It is important to always be prepared for the high demands of your customers, since your customers may include companies that are used to modern, agile systems. In general, however, the simpler the better. Thus, customers can be attracted and retained.
If you are always up to date and prepared for your customers’ demands, you can easily keep up with the digital B2B transformation.
Would you like to digitalize your business?
Don’t hesitate to contact us – via phone, email or in person at a location of your choice!
INPOSIA e-Invoicing Specialist