Allocate funds for investment in technology/systems

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Investment
In the process of digital transformation of a business, there are funds that need to be prepared because it will adapt new technology. For example, a company wants to start using a web-based application system for its HR, ERP, and Accountants. The company must allocate funds to subscribe to the system. However, keep in mind, do not rush to change all systems to digital systems. Do it gradually. In addition to ensuring that the digital transformation process can be well received by HR, it is also to manage funds so that they do not swell at the beginning.

For example, in the first stage of the digital transformation process of a business, the system that will be changed is the HR system. Within 3 months, see the progress, whether the web-based HR system list of gansu cell phone numbers can increase the productivity of the HR team or not. If so, you can go to the next stage. By changing the company's accounting or ERP system. However, it should be underlined that business and company needs can vary. So adjust the system to be changed to the needs of the business or company.

Many companies are just throwing money away with digital transformation of their business without increasing their competitive value. The problem is simple, they cannot distinguish which systems need to be changed and which systems are good and do not need to be changed. This is certainly dangerous for the company's financial condition.