Category

Management

Digital Transformation

How to effectively execute your digital transformation strategy

By Data, High Performance, Information, Lean Techniques, Lean Thinking, Management, Performance, Robotic Process Automation, RPA, Technology

Digital Transformation has been a corporate buzz-term for the last 5 years. Like any latest trend, people have taken an incredibly macro-level concept. They just throw it on any damaged business as the silver bullet we’ve all been waiting for to a point where most SME’s see digital transformation as a fairy tale.

Here’s 5 reason why it doesn’t work:

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Why is it important to select appropriate processes for RPA?

Why is it important to select appropriate processes for RPA?

By Data, High Performance, Information, Lean Techniques, Lean Thinking, Management, Performance, Robotic Process Automation, RPA, Technology

Every organisation has processes, and some will have thousands! But, are all processes suitable for Robotic Process Automation (RPA)? The answer is no. Not all processes are suitable nor can be automated. Therefore, to save on valuable funding and resource, it’s vital to identify the appropriate candidate processes for RPA.

In this article, we will cover what some of the key characteristics are for a Robot (or ‘Bot’), and the reasons why is it important to select the right process to apply RPA:

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5 reasons you don’t have a culture of continuous improvement

By Change Management, Lean Six Sigma, Lean Thinking, Lean Training, Management

Almost all companies want a culture of continuous improvement (CI) – yet so few have it. Why is that then?

Here are our top 5 reasons that prevent you from creating a culture of CI:

1.You don’t invest in training people

Improvement is a skill like any other. Some people have a bit of a natural gift for it – most of us need to be trained. It doesn’t have to be expensive in this day and age and the return on investment you’ll get will far exceed the training cost. It’s also far cheaper to have a Lean Six Sigma training provider deliver the training at your workplace.

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Customer Journeys can be tricky buggers

Customer Journeys can be tricky buggers…

By Customer experience, Fintech, Lean Thinking, Management

Recently, we moved our business bank accounts from one of the major banks to another. We’d had repeatedly bad service to the point where going through the hassle of changing banks was better than stay where we were.

By and large, it’s been ok. Not great, but OK. Would I recommend our new bank? Probably not. Would I warn people not to use them? Probably not either.

I’m completely ‘meh’ about them. Here’s why.

Today, I received an email from them (a real email!) saying I had IMPORTANT DOCUMENTS added to my library. IF that wasn’t enough it went on to say “Please take some time to read it as soon as possible, as it may need a response.”

So I duly logged into my online banking to read this incredibly important message. You see, a few weeks ago I opened a second bank account with this bank.

I open my messages to find… a letter advising me that they have set up online banking for me.

They literally just told me to log into my online banking so I could read a letter confirming I have online banking! Obviously completely unnecessary.

It likely stems from moving all the old world paper-based comms into the digital world, without really taking the time to understand how the message changes or is impacted by the digital world. We see this all the time. A kind of ‘lift and shift’ from paper to digital. It creates a poor and clunky customer journey.

The problem with this is that they took up my time reading the email they sent me. More time logging into online banking with its 2 stage verification. Then downloading the letter itself and reading it. 10 minutes of my time wasted.

Things like this are important – not because it will make a customer leave, but because it’s death by 1000 cuts. It adds to my overall sense of being underwhelmed with the bank.

And there have been other examples of this. Like the time I first used their online banking. I went to pay all my staff and they flagged all the payments as potential fraud. I had to call them to verify the payments. Extra layers of security including explaining what each payment was for (why would they need to know that!?). When I asked why these had been flagged, the response?

“Well sir, you have to admit it’s highly suspicious when you’ve only had your account open for a few weeks and you start making large payments. Of course it’s going to trigger an alert with us”.

It’s a business bank account! Of course there are going to be large transactions moving through it.

I can’t be the only employer out there who pay’s their staff, right? Or have I got this whole running a business thing mixed up?

I have more little examples of time wasting but I’ve taken up enough of yours. I won’t be leaving the bank unless (until?) things start to go really bad, but I won’t be advocating them to anyone. No referral business will be generated from me.

And that’s a missed opportunity if I ever saw one.