Helping With Business Case Development
Through the structured approach of building a comprehensive plan, including identifying KPIs with the concrete financial impact
Problems Companies Face
When They Need Help With Business Case Development?
New to your role and afraid of championing ideas in your organization? Don’t have experience in computing ROI and TCO analysis of digital efforts? Not confident in presenting to boards because of the lack of business background? Not enough technical background to back up your business case? ElevatIQ’s business case development services are designed to help companies when they struggle with these challenges.
No Experience Building Financial Model Around Digital Initiatives
Don’t have a process for the ROI and TCO analysis of the initiatives? Not sure how to quantify the outcome of your digital efforts? Not sure how to clearly articulate the financial model around digital initiatives? Companies seek help from ElevatIQ when they might have limited experience in building financial models around digital initiatives.
Not Sure How to Champion Ideas Internally
Have ideas but not sure how to champion your executive teams? Or to the board? Don’t have experience pitching ideas to the board? Companies seek help from ElevatIQ when they need help championing ideas internally.
No Framework to Execute Digital Strategy
No documented framework to execute digital strategy? Feeling like rinse and repeat with no clear understanding or alignment on the best practices? Companies seek help from ElevatIQ when they need help with building a financial model around digital initiatives.
Not Enough Financial Background for ROI and TCO Analysis
Are you a technical executive with limited background in ROI and TCO analysis? Have deep technical aspirations but are not sure how to translate that into a financial model? Companies seek help from ElevatIQ when they might not have as much background in the financial analysis of digital initiatives.
Struggling to Build Consensus Among Stakeholders
No alignment among business users on the KPIs for digital transformation? Getting ideas shut down as they might not be convinced about the financial results? Companies seek help from ElevatIQ when they need help in building consensus among different functions, including the board.
Not Enough Technical Background to Back up the Business Case
Are you a financial executive with limited experience in technical solutioning? Is your IT team shutting down your ideas because they don’t understand how the financial model would translate into a technical solution? Companies seek help from ElevatIQ when they might not have as much technical background to back up the financial model.
Want to learn more about why independent consultants have a higher success rate with business case development?
Our Case Studies for
Business Case Development
Omnichannel ECommerce Customer Experience Transformation
Download the digital strategy and planning case study and learn how fashion retailer AKIRA built a digital roadmap and managed stakeholder expectations to transform its processes and systems — to explore newer business models such as buy-online-pickup-in-store and curbside pickup.
ERP Optimization and Integration Architecture Development
Download the ERP optimization and integration architecture development case study and learn how Work Sharp fixed their broken ERP implementation that caused customer service issues and improved Supply Chain planning.
M&A ERP Integration Failure Rescue
Download the business case development case study and learn how Pride Sports struggled with Supply Chain and inventory allocation issues, as well as operational disruptions due to poorly planned M&A integration and ERP transformation project.
Our Methodology
for Business Case Development
The process starts with an assessment of current challenges in building the business case, including stakeholder analysis and their competing priorities. It also translates the technical analysis into a financial model while forecasting objections and rebuttals from the executive team and board.
1 Assessment
By performing a thorough analysis of current challenges and mapping stakeholders, this step performs a high-level audit and proposes potential solutions for business case development.
3 Solution Prioritization
This step tailors the solutions as per the competing priorities and figures out an MVP that can be used to demonstrate an ROI and build upon. This phase also proposes subsequent steps on the next steps after the MVP phase.
5Communication
This step focuses on how the plan will be presented to different functions as well as how to address each of the objections that might be expected from different executive functions.
2Discovery Workshops
This step might be deeper discoveries in the interest of each of the stakeholders and their deeper motivations of why or why not they might be interested in the initiatives.
4Financial Analysis
This step identifies KPIs and the financial impact for each of the departments. As well as performing ROI and TCO analysis for the overarching initiative.
Ready to learn how we can help With Business Case Development?
Our Other Digital
Transformation Services
ElevatIQ Digital Transformation services include digital strategy and planning, business case development, enterprise software selection, solution and enterprise architecture design, data architecture and governance strategy, IT and software contract negotiation, and app modernization and custom development.
Data Architecture and Governance Strategy
These services help with the data architecture and governance strategy, such as identifying the role and responsibilities of different data sets, and their interaction with different systems. As well as how each system will augment the datasets.
Enterprise Software Selection
This service helps with the structured process for enterprise software selection such as CRM, ERP, WMS, TMS, eCommerce platform, MES, or any other technology that might be part of the enterprise architecture.
Solution and Enterprise Architecture Design
This service helps in designing the enterprise architecture, such as identifying the roles and responsibilities of different components. As well as process boundaries and sources of authority of different datasets.
