Kronos Group

What does finance consulting in Belgium focus on amid digital disruption?

Summary

Our current understanding of all that digital transformation can bring has never been more substantial than it is today.

Unfortunately for companies, however, in addition to the multiple global challenges they face, staying aligned with the digital disruption taking over their industry has come to represent a large part of their success.

In this landscape, it is important that organisations take the necessary steps including finance consulting for their geographical region. Finance plays an essential role as a result of the heavy investment needed for a company to stay up to date.

Despite globalisation, connectivity, and accessibility, accounting for geographic distinctions and behaviours is essential for the success of a sustainable financial strategy. Finance consulting helps ensure that a company receives industry and geography-specific insight that ultimately helps build a globalised competitive advantage.

Investing in integration is yet another essential factor for success that financial consulting helps ensure. This refers to not just an integrated approach to core functions, but also a focus on more value-added goals such as the integration of a customer and employee experience-based strategy.  

The value a company stands to gain through its digital transformation is higher than ever before, and consulting support can help a company benefit in sustainable ways. 

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When it comes to digital, it is easy for companies to believe that they have run the gamut of all that is possible and hit their digital peak after introducing new software and a set of machines on which to run it.

As technology continues to change the market, however, so does our understanding of all that is possible through the reaches of digital technology. 

While the term disruption sounds largely negative, this is not often the case for the companies that stay on top of transformation overtaking the industry and accept that these changes are required in order to not just survive but thrive in the current market. 

The fact of the matter is not just that digital disruption changes the way competitors operate and signals the introduction of new technologies and machines in the market, but digital disruptions also change the way customers behave and their needs. 

Companies that are able to embrace digital disruptions and make it a routine part of their operations are able to not just meet these emerging challenges and customer needs—they keep loyal customers more content with their offerings while also opening opportunities to create higher value addition and help new demographics get access to their products and services. 

All this means that a company must plan for, and stay ahead, of the curve in terms of how responsive they are to digital changes in their industrial landscape. This is easier said than done in a landscape that is inundated with challenges of global, healthcare, political, economic, and social proportions.

What a company requires in order to navigate the landscape facing contemporary companies is support in the form of insight and experience that is tailored to critical industry functions and geographic specificities. Support in the form of finance consulting in Belgium for example is invaluable. 

The value of finance consulting in Belgium

While a globalised landscape has made it an inevitability that every business move will ultimately create chain reactions across critical business functions, finance has an especially critical role to play in an environment that requires a high investment in staying up to date. 

What this globalisation has also made it easy to forget is that despite the digitalisation that has allowed for a more connected, accessible world, specific geographical distinctions and behaviours govern a large part of a company’s sustainable finance strategy and its success. 

Companies that lose sight of the value of making geographically specific decisions even when it comes to seemingly global decisions, such as their digital transformation, will encounter challenges when it comes to resource allocation and overall competitiveness. 

With finance consulting in Belgium, France, Italy or any other European major market, however, a company creates room to benefit through specialised knowledge of the market and the digital experience financial professionals hold. 

This can mean the difference between an industry pioneering, innovative leader and a company that must downsize on its goals and create limitations for its growth. 

Investing in integration

In order to ensure cost optimisation, effective spend management, and the assurance that business resources are allocated efficiently in order to support all business ventures, companies must stabilise their strategies around an integrated approach to their core functions. 

Finance consulting in Belgium helps achieve this by helping to formulate a core guiding strategy for your financial processes. This, in turn, alongside the integration it promises also helps a company plan its digital transformation in more actionable ways while securing continuous improvement. 

On top of the advantages to the bottom line of any business taking this step, finance consulting support can take a more value-added approach to business continuity. In the modern age of digital disruption, companies must ensure that not just the technical and technological aspects of their operations are up to speed, but also that their customer and employee experiences are built around these new modes of operation.

The new wave of digital disruption has placed customers at its centre, which also means that the value a company stands to gain through its technological efforts is much higher than ever before. 

Focusing on the right priorities through volatility

As companies attempt to adjust to the changing market conditions and respond to every new challenge that arises, obstacles are sure to arise. 

Finance consulting and professional services can help a company not just initiate a digital transformation strategy that can help it achieve core objectives, but also set this plan in action, and reap the rewards of a digitally responsive, integrated business model—all while staying financially stable and affecting bottom lines positively. 

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Julie Brand

A part of Kronos Group’s team since 2018, Julie is a leader who has honed her specialisation in business transformation and utilised her expansive financial expertise to power business strategy and add value to what we do. She has amassed experience (Pfizer, Sony, AXA, SMEC, Tradelink) all over the world in strategy, project management, analysis, and supply chain.