Most businesses today try to find a balance between their need for stability and efficiency, and the need to innovate and stay ahead of their competition. Your choice of business solution, and how it can be optimized, must consider this challenge. Business Solution Guidance Framework helps you achieve business agility based on standardized business solutions and optimize your solution to find the right balance for your business.
The ability to compete by quickly responding to market changes and emerging opportunities with innovative business solutions, will be the most important factor in defining the winners and losers in the digital age. At the same time, it is essential to consider the need to support common capabilities such as Finance, Supply Chain etc. in an effective and steady way.
Business Solution Guidance Framework – a tool in optimizing your business solution
Business Solution Guidance Framework will support you in optimizing the Business solution for best business efficiency, functionality, and well-balanced application architecture in alignment with your business strategy and agility.
Business Solution Guidance has a “target architecture approach”. This ensures an overall and long-term perspective on the business solution to avoid sub optimization.
Target architecture starting point is the Business Analysis to identify the business capabilities including business drivers and critical performance factors within the future organization.
Business capabilities will be handled in two ways:
- Categorized based on the need for flexibility and agility together with a description of required level of standardization i.e organization supposed to work with standardized processes
- Grouped into capabilities that typically belong together from an application perspective. For example, accounts receivable and accounts payable often goes hand in hand with general ledger
The purpose of the target architecture is to decide the shape of the pieces in the puzzle before selecting which applications or products each piece should be implemented with. A conceptual solution can be presented, which consist of a balanced business solution that can support the whole spectrum from standardized processes, Industry specific needs, to the capabilities requiring the greatest flexibility and agility.
Based on the level of standardization, a classification of system into three groups can be expressed:
Level of Business Agility supporting system will be greatest within the System of innovation area and ability to achieve Business agility will decrease to the left. For many years, standardized solutions have lacked the flexibility needed to respond quickly and easily to the markets’ changing demands. The capacity of standardized solution to support innovations and differentiating capabilities has always been very weak.
The new era of Business Solutions
In the new era of business solutions, the degree of standardization is increasing while the number of modules within the same platform offers a much wider range of opportunities to support innovations and requirements from the market. Platforms can even provide development Apps that allow organizations to create their own responsive business solutions with the click of a button without the need for coding, and pre-integrated with modules in the platform.
Modules and apps within the platform provide standardized business solution to even support capabilities of innovation and differentiations. The Business solution Guidance Framework will help you optimize your business solution, both from the architecture perspective and, in long term, the most cost-effective solution.
The ability to achieve business agility based on standardized business solutions will give the best prerequisites to compete in the digital age and to deliver innovative business solutions faster and more efficiently than ever before.