- Home
- Our Services
ACCOUNTING & CFO SERVICES
BANKING SERVICES
COMPANY SETUP
- About Us
- Blog
- Contact Us
Get Consultation
+971 56 304 6464
In today’s fast-paced environments, we witness new technologies almost daily. With the growing trend of AI, business processes are becoming much more streamlined and effective. However, to integrate the latest technologies, businesses need to make changes to accommodate them. This requires a completely overhauled business plan or in short, a Business Process Redesign.
The act of completely overhauling the current business processes of your company is known as Business Process Redesign. You may be wondering about the processes involved in this overhaul. Generally, the key processes such as Return on Investment, Cost Reduction, Quality Control, Manufacturing, Sales, etc., that are crucial for a business are involved in the redesign. This aims to address all the issues with the current business process model and has proven to be beneficial in the long run.
+971 56 304 6464
Adapting with time is one of the most important things a business has to do. Using the latest technologies to their advantage is still something most businesses lack. This can lead to un-optimized workflows which can hurt your business financially.
Apart from that, a lot of businesses face problems that are deep-rooted in their core function. Thus, any attempt to change things can lead to problems for the business itself. The above two conditions are generally the reasons why businesses opt for a Business Process Redesign. This helps you stay up-to-date with the latest technologies. But more importantly, it allows you to address the problems that are hurting your business. You can start by carrying out an audit with the help of an audit company in Dubai.
Business Process Redesign is a very tedious task. It requires close coordination between multiple phases. To get the most effective results, your Business Process Redesign should be broken down into the following phases:
When conducting a complete overhaul, you should have a clear idea of what you are aiming to achieve. This is necessary as it will help you identify goals, and ultimately your new business process plan. Taking input from various departments would be highly beneficial as well. Since this overhaul will affect the whole company, understanding their current challenges will help you create a more effective plan.
Documenting the current state of your business processes is crucial. Understand the current performance of each process. The best way to gather data would be collecting information from tools and stakeholders. You can also get the help of IT professionals, Chartered Accountants, etc., to get the complete picture of each department. With ample data at hand, you can analyze and record the current state of the various processes. This will also come in handy in comparing the performance of each process in the future.
Break down each process completely and identify all the dependencies to each process. This way you can understand the steps necessary to fulfill each process. Automation is a great way to maximize productivity and achieve desired results. Thus, removing redundancy and automating tasks can immensely boost the performance of each process. Additionally, setting up Key Performance Indicators (KPIs) is a great way to measure performance and ensure success for each process. In case your process needs complete overhauling you can redefine it from scratch. Although it will be time-consuming, it will be much more beneficial in the long run. So, while you’re at it, don’t hesitate to redesign the processes completely.
Now that the majority of the work is done, you need to start implementing the changes. Instead of implementing the changes at once, you can conduct pilot tests in controlled environments. This will be beneficial as you can test the changes in real-time and make further improvements if needed.
Close monitoring of the newly made changes is important. You need to ensure that the changes made have no negative impacts on the process as well as the business. You can also optimize the processes further over time to achieve optimal results. Apart from that, gathering feedback from all the concerned departments is also crucial. Accounting firms in Dubai such as FinChoice Solutions can help you carry out the complete Business Process Redesign. Our professionals have a well-designed blueprint that is highly effective. It not only saves time but also ensures that you achieve all your desired goals.
Generally, processes that are crucial to a company’s performance are targeted in a Business Process Redesign. Each business can have different processes that are critical to their performance. However, generally, the processes you should focus on are typically the following depending on your business:
You can identify the crucial business processes for your company by scheduling a consultation call with FinChoice Solutions. We can also help lay out a complete roadmap for the future plans.
Identifying whether your company needs a Business Process Redesign is a bit complex. That is because it needs an in-depth assessment of each process. A place to start would be by analyzing the performance of the various departments and operations of your company. However, if you are facing any of the below you should opt for Business Process Redesign:
If you are unsure, you can book a consultation with accounting and auditing firms in Dubai. FinChoice Solutions is a great accounting company in Dubai that provides consultation. This way you can target the exact areas that are witnessing issues and address them right away. We also provide Business Process Redesign services along with many others. Our professionals can help you achieve the optimal performance your company desires.
Business Process Redesign can prove highly beneficial for your business. Here are some of its key benefits:
Although they are highly beneficial, there are some disadvantages of Business Process Redesign as well. They are listed as follows:
Accounting Professional Corporation we envision to provide quality Accounting and Taxation Services to our client
Copyright © 2024. All rights reserved.