Building the right FIT solution

Building the right FIT solution


It is a common debate for any transformation project on whether we should do a bespoke solution or leverage existing solutions. While both have pros and cons, it is also difficult to identify a clear winner is many situations, I have leveraged these three tests to help me achieve the end objectives

1.???? Funding of bespoke solution should be clarified with internal stakeholders and client at the very outset. I am not talking about minor tweaks but full-blown custom solutions. We should be investing only after we reach an agreement on the cash flow otherwise you may be stuck with a half-baked solution. Clients may also explore an agile approach to create a Minimum Viable Product and then agree to open their deep purses.

2.???? Plug and play solutions which have solved similar problems with your previous clients can be deployed faster and should have very few stabilization and change management issues. However, there may be a need to add some customization layers and establish an eco-system to achieve the desired solution. If your cost benefit analysis points a positive payback then go for this approach by all means otherwise rethink.

3.???? Adaptability to your business expansion plan. If the proposed solution whether it’s bespoke or off the shelf but is not scalable to business demands, which are subject to sudden surprises and also Black Swan events (COVID), then you need to think hard and even evaluate if you have selected the right levers. ?


Note: views are personal

Anil Padmanabhan

Finance & Accounts Leader | Global Business Services | BPO Expert | Finance Transformation | Speaker

1 年

Raja, You have highlighted key challenges in transformation decisions concisely. My two cents while traversing a solutions roadmap for any problem statement: - the first target is to optimize the current available resources, - Next would be to look at a priority list of remaining problems and weigh it in with the available resources. The balancing of prioritization with funds is savagely important else we end up with half baked, half solved solutions (as you have aptly put) - Always create solutions that are scalable, as transformation projects require a substantial Capex outlay, and cannot/ should not be revisited again and again with tweaks or re-structuring. - Involve a proper blend of external consultants with internal hard nosed delivery professionals to ensure adherence to plans, timelines, cost, targets and global best practices. Just putting more fuel to your excellent note.

Shibaji Rakshit

CA & CMA ex-PwC ex-Tata 27 yrs in Finance, Risk , ESG, SOX, COSO/COBIT , IT Risk/GRC, Cybersecurity, SOP, in Consulting, Big-4, Manufacture, EPC, Renewables, Telecom, Auto & Chemicals in India, Europe, Middle East & SEA

1 年

I believe the most important test is scalability . Any transformation solution not tuned to scalability of business is a non starter. Most easy approach would be to rweak existing solutions and put it to scalability test. If the test fails automatically one needs to move to customised solutions which passes that test

要查看或添加评论,请登录

Raja Mukherjea的更多文章

  • Three steps to building an operational excellence culture

    Three steps to building an operational excellence culture

    The need for operational hygiene and excel in business parameters has been growing at an exponential pace. The reasons…

  • Alternate to standard GPO model

    Alternate to standard GPO model

    We have been talking about the GPO model for a long time and indeed this role in vital in achieving the organization…

  • Leading during crisis - lessons learnt

    Leading during crisis - lessons learnt

    Motivation to go the extra mile is often critical for project success. Having led large global teams, I have first hand…

  • Relook at the GPO Model

    Relook at the GPO Model

    The role of a Global Process Owner is increasing becoming critical to the success of the centre of excellence that form…

    2 条评论
  • Exceeding expectations - underlying indicators

    Exceeding expectations - underlying indicators

    We all appreciate good feedback from our client and rightly so! However, if you find yourself exceeding the client…

    2 条评论
  • Hiring less experienced resources

    Hiring less experienced resources

    Over the years, I have come to believe that low or non-existent experience is not a show stopper, provided the resource…

    6 条评论
  • Changing rules of employee engagement

    Changing rules of employee engagement

    The ways we engage with talent has undergone revolutionary changes in the last decade or so – but we still continue to…

    4 条评论
  • Do you need all these tech?

    Do you need all these tech?

    The ever increasing demand of technology interventions in all facets of transformation, makes me sometimes wonder…

  • Transformation journey - avoiding disappointments

    Transformation journey - avoiding disappointments

    Even though there are tomes available on transformation strategy, I still find clients disappointed with the outcome. I…

  • The growing need to establish a Centre of Excellence

    The growing need to establish a Centre of Excellence

    A lot of business leaders are excited about the possibility of establishing a centre of excellence. As part of my…

社区洞察

其他会员也浏览了