The COVID-19 pandemic has upended many of the assumptions on which the effectiveness of the business processes in place were based. Business processes designed with work dynamics that had disappeared and that have operated well before the crisis are no longer suitable for the new normal, disrupting business principles and strategies.
Typically, process improvement is a low risk but highly effective option for commercial performance improvement that can be undertaken in tandem with other transformation initiatives. It is also essential at times of major change, such as systems implementation, proposition development or restructuring, and especially now as we emerge from lockdown into a new world of work. Benefits are often tangible and quantifiable, including lower cost of operations; increased resilience and/or ability to operate high quality remote working practices; improved governance, operational and regulatory risk management; competitive service advantage driving increased business volume; enhanced customer experience; more productive, aligned and satisfied staff; and the transfer of process improvement skills as part of the engagement, arming the organisation as it evolves further.
The COVID-19 crisis has exposed gaps between the processes in place and what businesses need for business continuity in highly uncertain times. Though customers, introducers and colleagues may have felt the result of sub-optimal processes daily, individual internal process or performance weaknesses are often not visible to senior management. As we move towards recovery preparing for the new normal, we need to implement the changes from the lesson learnt.
In conjunction with our alliance partner GrowCap, we have developed a simple self-assessment tool to provide a snapshot for senior management to determine if they have known issues or process pain points that need to be investigated further. VIP Apps Consulting bring a unique methodology, the AMOBI framework, that provides a ‘holistic’ approach to process optimisation, encompassing business and systems in concert, which is combined with GrowCap’s industry and process excellence experience.
This post COVID-19 self-assessment has a suite questions covering customer experience, process effectiveness, use of technology, methods, measurement and management. Some of the questions that we’ve added relevant to changes driven by COVID-19 are:
If you would like to know more about the self-assessment snapshot or undertake a more detailed health check of business processes for your post COVID-19 operations, please submit your contact details below:
About VIP Apps Consulting
VIP Apps Consulting provide business process management and technology consulting services. We operate in the intersection of technology and business, combining deep business and industry insight with the understanding of how technology and innovation impact the industry and business model. Our unique process-driven approach and AMOBI and DELIVER proprietary methodologies deliver greater value and efficient business outcomes, minimising cost and risk. Our team has extensive experience within the leasing and financial services industry with the knowledge, capabilities and operational expertise, to help organisations assess and implement changes.
GrowCap is a consulting and services firm focused on the asset and motor finance markets. Specialist services include strategic advisory support for finance providers, market development for differentiated technology and data firms, implementation support, process transformation and customer experience design.