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Unlocking Transformation Success with Silico: Turning Rejection into Approval
In today's ever-evolving business landscape, process transformation has evolved from a choice to an absolute necessity. For businesses to remain competitive and relevant, they must adapt to changing markets, leverage technology advancements, and meet the changing needs of their customers. Despite the widespread recognition of the need for change, many transformation teams face a common obstacle: gaining approval for their transformation ideas.
This blog delves into the challenges that transformation teams often encounter and explores how Silico’s Business Process Simulation (BPS) platform can help turn business case rejection into approval. Firstly we will take a look at the common reasons why teams struggle to gain approval for their transformation idea. Then we will explore how Silico can help you tackle these approval challenges, and deep dive into a real-life example showing Silico in action.
Challenges to gaining transformation approval
Process transformation isn't just about conceiving great ideas, it involves translating these ideas into practical solutions that convince decision-makers to place their support and trust in them. But why do so many transformation initiatives face rejection?
Lack of Quantifiable Data: Transformation ideas often lack the quantitative data needed to demonstrate their potential benefits. Leadership hesitates to approve these changes without concrete evidence of how they'll impact efficiency, cost savings, or revenue growth. As process and business KPIs are usually unconnected transformation teams struggle to show impact on KPIs that stakeholders care about.
Subjectivity: Transformation business cases can often be subjective and lack an objective basis, making it difficult for decision-makers to assess their feasibility and potential return on investment.
Risk Averse: Many leaders can be risk-averse and require assurance that a proposed transformation won't disrupt current operations or harm the organisation's reputation.
How Silico can help you get approval
Silico quantifies your transformation ideas and facilitates their approval by providing data-driven insights and visual dashboards that leadership can easily interpret and understand.
Testing Transformation Ideas: Silico enables you to model and simulate your existing business processes, creating a baseline for comparison and identifying inefficiencies ready for improvement. After modelling your current processes, you can introduce your transformation changes. Silico can then simulate how the proposed changes affect key performance indicators, such as lead time and financial performance. connecting the process and business KPIs
Data-Driven Insights: Silico generates objective results and outcomes of your transformation idea. This data-driven evidence can be presented to leadership to support your business case.
Risk Mitigation: Silico can also assist in identifying potential risks with your transformation ideas, allowing you to proactively address them and helping form your risk mitigation plans.
Silico in Action
Let's look into a real-life example. We've replicated an organisation's existing Order-to-Cash process, which in its as-is state generates substantial backlogs.
As we progress through our simulation timeline, significant backlogs begin to surface during the order reconciliation stage. At first glance, it might seem logical to explore our transformation ideas and efforts to enhance this stage.
However, recognising that our organisation is on the brink of substantial changes, we incorporate varying scenarios to understand how additional factors, such as reducing headcount or increasing order rate, will impact not only backlogs but also other strategic outcomes, such as financial results.
An upsurge in order volume and a reduction in headcount shift the primary source of backlogs from the order reconciliation stage to the order review stage.
Now that we've pinpointed where future backlog issues may arise, we can direct our transformation efforts and test our ideas. By transforming our order review process, and reducing waiting times from one of our order steps, we see a marginal reduction in our backlogs. The increase of £800k cumulative profit shown in the below dashboard doesn't deliver the quality of improvement necessary for an efficient to-be process and likely does not provide a compelling return on investment for your leadership team to approve your business case.
We can now refine our transformation ideas by integrating automation into other time-consuming tasks. This allows us to objectively evaluate the potential benefits of reducing backlogs and improving business outcomes, such as revenue generation and profitability.
Consequently, we can use Silico to test and shape our most promising transformation ideas into a strong business case, using the dashboard feature to present our proposed business case clearly and visually. This approach provides decision-makers with the confidence to say ‘Yes,’ showing that your ideas enhance process outcomes and result in a worthwhile financial return on their investment.
The Benefits of Silico
Enhanced Solution Generation: Visualising the impacts of the transformed process makes it easier to convey complex ideas to stakeholders.
Objective Decision-Making: With quantitative decision dashboards, your transformation ideas become objective, reducing subjective decision-making.
Improved Risk Management: Identify and mitigate risks before they become obstacles, giving leadership confidence in your transformation roadmap.
Faster Approval: Data-driven insights can speed up the approval process, offering leadership and decision-makers the assurance they need to sign off on your transformation ideas and business cases.
Conclusion
Receiving a 'no' response for your process transformation ideas can be discouraging, but the key to success lies in creating business cases that are objective, risk-aware and clear. By providing decision-makers with these clear insights backed by objective evidence you can maximise your success rate, gaining approval and leading the way in transforming your organisation.
Don't let your great transformation ideas go unrecognised, embrace Silico today and watch your projects prosper.