Frequently Asked Questions
Please find already answers to some of your questions
We are initiating a cash flow neutral transformation, which will lead to a factor of 4 to 8 more efficiency within 10-12 months. The outcome is a data-centric lean & mean operating model that is functionally and financially flexible. We unburden you as a customer functionally, financially and legally, putting people first.
This also provides a super efficient operating model whereby every connected business model excels in effectiveness. The outcome of this approach results in demonstrable savings, but more importantly, financial value creation.
We work on the basis of a co-venture model in which you build the case together with us on the basis of a pre-agreed result. But you remain at the wheel. FutureXL analyzes the existing and new operating model. During the analysis, we develop a working prototype as an example of the new operating model.
To achieve this, we identify desired work processes and draw up a business case in which the savings versus costs are recorded. Moreover, this is made concrete in an implementation and project plan. Once the plan has been approved, the delivery process and operation will start.
All necessary disciplines are brought together by us from our ecosystem. Our people work with customers, not for customers. They are specialists in their respective fields. They work result-driven in which quality, objectives and deliverables are leading. If necessary, they switch experts on and off and think and act ‘Out of the Box’.
In addition, we believe it is important also the people you employ understand, execute and can continue this transformation after we have left. We can educate and train your people, but we can also find new staff for you. We offer a range of high-quality courses and master classes.
In 2017, the IDC indicated through a study that every company would have to deal with digital disruption. (“Become a Data Thriver: Realize Data Driven Digital Transformation,” Nov 2017) and that the effect would be significant on many companies. Of course, we see companies such as Apple, Google and Microsoft dominating the market. But why is it Amazon that completely wipes out competition in so many sectors? And why is it Tesla that dominates the market in the auto industry to become the world’s highest valued carmaker even before giants like Toyota and theVolkswagen Group? Because all these new star companies have one thing in common: They work data centric. But it is not only the large companies that stand out, startups such as Adyen, Mollie and Waze are data-centric as well being one of the prime reasons why they create so much value.
When an organization runs entirely on data, exponential value can be created. So, therefore the biggest difference we’re making is that, barring the fact that it tends to be self-funding, we build all our transformation projects on data centrism. This gives the organisation the opportunity to create exponential value. A successful digital transformation involves translating data into value.
Digitization based on data as the source for value creation offers a way out to make your organization Future Fit. Your ambition can be realized through a cash flow neutral approach that ultimately may increase positive cash flow by a factor of 4-8 and significantly shortens your time to market.
In short, a metamorphosis realized by using data as the source for value creation. A good example of a successful transition from data-centric thinking and working is John Deere, a 180-year-old tractor manufacturer that has nowadays -despite its heritage or thanks to this?- established itself as the ultimate digital platform for the agricultural sector.
An organization that does not adapt and does not keep up with a changing environment will ultimately fail. We opt for a project-based approach to a ‘future fit’ organization, because project-based work is result-oriented change.
The phasing of our Future Fit projects:
- Inspiration session
- Digital Due Diligence
- Future Fit Analysis
In addition, FutureXL directs the transformation from an ecosystem in which all necessary disciplines are brought together. Not only transformation managers, but also other professionals play an important role in the digital transformation. FutureXL selects candidates from this broad perspective on digitization. In combination with our vision on the data-centric approach, we are able to successfully fill in innovative positions.
Our project-based approach results in a profitable operating model in ten to twelve months. But we also change people’s behavior and ensure acceptance and motivation. In fact, the learning process takes place in practice, but we also offer a wide range of executive education. To enable your people and professionals to provide you with sufficient added value, the professionals are trained by us in Digital Leadership programs.
Masterclasses offer a high-quality programs with experts from science and practice. During four intensive days, the participants are brought up to speed with all the characteristics of the new developments and technologies and the opportunities these new technologies offer for organizations and their impact on the digital strategy. But above all, the participants are included in the power of a data-centric operational model and will understand how this ‘new gold’ forms the basis for real entrepreneurship based on new business models.
Digital transformation is making your business model adaptive, flexible and simple. This makes it easier for companies to scale up or down at lower operational costs and exponentially accelerate the time to market. Nine out of ten digital transformations are incorrectly labeled as an IT project and therefore do not realize the potential growth value. Digital transformation is not an IT project but a (strategic) business issue that should be embraced and handled by CEO’s and CFO’s.
Most current (application based) operating models are:
– Not or very limited scalable thus not leading to growth and value creation;
– Application- and not data-centric;
– Too complex and -costly due to outdated IT environments, just wrapping new skins over ‘legacy’ applications.
Practically all IT infrastructure has reached its maximum stretch, is human-intensive, absorps high management costs and has security issues. In addition, it is not data-centric, which means that it is not scalable and often in violation of laws and regulations.
The management often sees the digital transformation process as an assignment for the IT department/CTO. However, change management and data-centric thinking is the job of a CEO/CFO. Data is the core, IT just a resource.
Read our detailed article about the digital transformation 4.0 here.
We distinguish six parts that are tackled partly parallel, partly sequentially:
– Digital strategy
– Company model
– Financial restructuring
– Governance, risk & compliance
– Behavioral change
– IT transition
Read our detailed article about the building blocks for digitization here.
FutureXL directs the digital transformation projects. All necessary disciplines are brought together from an ecosystem. By optimally aligning operational business processes and technology, a super-efficient operational model is created. As a result, the associated business model excels in effectiveness.
The result of this approach are demonstrable savings, but more importantly, financial value creation.
Read our detailed article about future fit here.