5 Steps to Digital Transformation

If your firm is paperless, you know the significant benefits that come from improvements like front-end scanning, client portals, auto-populating information into tax returns, and more. You likely got rid of storage rooms full of physical files and overflowing file cabinets and were able to reduce costs while increasing efficiency.

Now it’s time to take paperless a step further and work toward true digital transformation.  

What is Digital Transformation?

Digital transformation is not just a fancy way to say moving to the cloud. George Westerman, author of Leading Digital: Turning Technology Into Business Transformation, defines digital transformation as: “A radical rethinking of how an organization uses technology, people and processes to fundamentally change business performance.”

The key is, this isn’t just about implementing new technology. When firms think new technology alone will solve their problems, they usually fail to reach the anticipated efficiency gains or return on investment. In that case, they often blame the technology for not living up to their expectations.

In this white paper, we discuss what digital transformation is and why it’s important for firms of all sizes to work toward it. We’ll also provide a roadmap to help you get there.