The global pandemic has disrupted every business, and the implications are still unfolding. Change is happening and comes from all areas. Your business software needs to mature as your business does to face the change and challenges ahead.
We wanted to share some of the take-outs based on a recent Forrester Technology study** (partnered with MYOB) to get you thinking.
Doing Business As Usual is costing mid-market businesses. Inefficient and/or ineffective business and people management software contributes an average of 28% extra in costs.
Business growth is taking a hit. 94% or more of participants recognised that the challenges they have encountered from their current business software had a negative impact on growth. Further, that fully unified cloud platforms helped businesses simplify processes, connect data, reduce manual tasks, and unlock growth.
Businesses are falling behind their competitors. Businesses that currently use future-fit platforms and practices have grown 3.2 times faster than their industry peers.*
Business leaders aren’t driving positive change. More than a third of decision-makers report that leadership don’t fully understand the impact business and people platforms have on broader business goals.
If you would like to discuss any of these findings, or how Helm can support your business, please get in touch.
*1 Source: “Beyond Agility – Adaptive Enterprises Hold The Winning Hand,” Forrester Research, Inc., May 7, 2019.
** For the full study, please email us and we will provide for your perusal.