How to Create a Business Case for Your Digital Transformation [ROI and Investment Case Analysis 101]

Building a good business case is key to any successful digital transformation. It not only helps justify the investment in new technology, but it also acts as a critical project governance and benefits realization tool.
But what exactly constitutes a good business case and return on investment (ROI) analysis? This video explains how to use this important tool for your ERP, CRM, HCM, or supply chain management implementation - or any digital transformation.
#digitaltransformation #businesscase #strategy
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[@flemminglund123]

Very good and precise content and has all perspectives on ERP system implementations which I have been doing the last 25 years. Good to get things confirmed!

[@icydragon542]

Hi Eric, Thank you for providing your viewers with specific applicable details that bring a huge value add to every day situation for consultants.

[@erickimberling]

Thank you, Brandon - it is my pleasure!

[@romegut8491]

Thank you very much Eric for sharing this complete and useful video about how to create a business case focused to Digital transformation. No doubts about a good digital transformation must have an excellent business case, in order to reach the goals proposed from begin with this impementation and a successful final result. Greetings from Chile.

[@michaelsrensen7990]

You content is exeptional, and provides a lot of new perspectives on ERP-systems and implementation. I would love a video on no/low-code as a way to empower employees to customize and further add services to the ERP-system.

[@erickimberling]

Good idea - thank you!

[@25kidodo]

Hi Eric, thanks for your videos and other shared resources. I realize that I’ve been inclined to business transformation all this while and have recently decided to pursue knowledge/certifications required to enable me add more value anywhere I operate. Are there any other recommendations you can offer for a starter in this field?

[@kingsleyogbbonna199]

Bull's eye. Value content. Thank you.

[@andresrico3676]

Great video Eric. One problem with digital transformations I have found is that several times their ROI are negative, even when you take into account the soft benefits. Some key point then is to question and to value, what is the cost of delay or cancel the digital transformation project?, that can change the equation. Is it an actual option for the organizacions to stay frozen in such a turbulent technology world?, the answer seldom is no, it is not. Some times is not a cost/benefit issue but a survival one.

[@erickimberling]

Thank you, Andres. I agree with you - great observations!

[@badro7980]

Hi Eric. i'm niewbie in the erp world . what is the best erp to implement in railway company with + 20k employees. thanks

[@erickimberling]

It depends on what kind of processes you are trying to automate and what your needs are! Feel free to reach out if you would like to schedule time to discuss in more detail - I would be happy to help!

[@badro7980]

@@erickimberling thank you Eric for your reply i would say an erp for railway company to automate processes of rail freight transportation which is the main activity of the company . "for the passengers transportation we have ticketing system for that" and also to automate processes for other depatements : finance , hr ,maintenance of wagons. customer base .Asset Management.... i just work in it department. i want to acquire knowledge and skills about erp systems and how to implement them and managing digital transformation, in case if one day they hire me as IT director i'll be ready for that. for now we have a dumb IT manager he can never handle this kind of project. and this year our government is pushing public companies and government administration to go for digital tranformation . thank you so much Eric for all your videos i'm flooded by the their contents. ps i just picked SAP randomly as erp for that

[@miguelangellantigua5028]

Hi Badro, although I suggest you take Eric's advice (schedule time with him or his team), I also suggest you take a look at Odoo (www.odoo.com).

[@nealklomp6778]

Business case should be the basic starting point for ANY business decision, it doesn't always have to be fully fleshed out, but the fact that it isn't IS A PROBLEM. As an ex-restaurant manager, an industry with tight-TIGHT margins, I find business decisions that are not based on business cases a bit befundling. Indeed, that it isn't the norm in some places but the exception is downright disturbing. It is all always about drilling down into the specifics and the details, so often people don't want to do that. You've got to see where the rubber and road meet.