3rd March

Reasons your business needs blockchain integration: Part 2

In the previous part of the blog, we discussed the three reasons why your business should embrace blockchain integration. Let’s discuss more reasons why you should capitalize on the potential of enterprise blockchain solutions for your business.

1.Convenient and Secure Trans-border Payments

Although various innovations have made cross-border payments less of a problem, blockchain along with smart contracts brings decentralization and unparalleled transparency to the system, making it more reliable than ever.

Unlike other modes of payments that may take days or hours, cryptocurrency payments take minutes for settlement. Top banks and money lending corporations have shaken hands with the best business process engineering advisory services to integrate digital money – bringing greater traceability and proficiency in terms of speed, cost, and process.

2. Easy Handling of Sensitive Data

The importance of data in today’s time can’t be overlooked. Top innovation businesses today want to secure their data related to clients or their solutions that are under testing.

By putting the data on the blockchain, it becomes secure and hack-proof. The unbreakable security of the network achieved by the cryptographic algorithms keeps it free of illegitimate activities. Businesses can take advantage of the unsurpassed privacy and security that the blockchain brings.

3. Transparency Increases Customer’s Trust in Business

Today, customers have the power to choose from a wide array of options, more than ever before. They prefer to rely on businesses with transparent operations.

With blockchain, businesses can achieve greater transparency in their operations. Since blockchain brings everything on a distributed ledger that is accessible to everyone on the network, it promotes complete transparency. This builds people’s trust in a business.

Final Thoughts

Apart from the above-mentioned benefits, blockchain is opined to bring endless business opportunities. Since blockchain is still in its infancy, innovators can leverage their creativity and devise their strategic move in the open-ended, clear skies of blockchain possibilities.

If you are planning to develop an enterprise blockchain solution for your business, let’s shake hands.

Leverage our Consultancy for Enterprise Blockchain

Millennial Partners (millennial.ae) prides itself on serving clients’ most pressing organization transformational needs across people, processes, and technology through its own proprietary frameworks. Our digital transformation offering is most relevant to the increasingly digital enterprise and consumer environments. We follow a coherent roadmap that includes incorporating the most cutting-edge technologies and vendors focusing on technologies such as enterprise Blockchain, Artificial Intelligence, and IoT.

Should you have any questions and/or would like some focused professional advice, please don’t hesitate to reach out via our e-mail at info@millennial.ae.

Business Process engineering advisory

4 Key Business Processes Essential for Business Growth

While mapping out the business processes for engineering/reengineering, businesses may leverage various processes based on the level of granularity and type of business. However, without professional business process engineering advisory services, businesses might not be able to exploit the processes for maximized output.

Here are the key business processes pivotal to enterprise growth.

  • Product development

A product is the heart and soul of an enterprise. Business planning does not begin and end with the product, but the customer.

This business-critical process would always have a scope for improvement as markets are highly disruptive due to volatile customer’s preferences and competitor’s upgrades. By persistently eyeing the dynamic external factors and staying close to capricious customers, businesses can stay ahead of the curve and devise suitable policies for product development.

  • Sales process

A product is nothing without a motive of earning profits and that’s where sales play its role.

Many professionals offering business process transformation advisory suggest that this process is a collection of various crucial processes that contribute to closing a deal. The process involves optimization of a buyer journey at several levels- from qualifying a lead and crafting convincing pitch deck to driving customer towards the sale.

  • Procurement

Simply stating, the procurement process involves selecting the right vendors and establishing payment terms, strategic examination, negotiations, and purchase.

A well-documented, scalable, and profitable procurement process fetches prosperity for enterprises by capacitating recognition, evaluation of opportunities of more cost, time, and resource-efficient strategies. By leveraging an effective procurement process, businesses can ensure cost reduction, quantity discounts, and quality assurance.

  • Customer support

The customer support process must be formally streamlined to achieve high efficiency and low complexity. Simplicity is the essence of an ideal customer support success.

Even if a customer acquires the complete knowledge of a product during the sale, the process doesn’t end. The same conduct is required when the customer seeks support while finding an issue using the product.

The aforementioned are the four core areas, that if engineered\reengineered strategically, can contribute to overall business growth. By embracing the services of the best business process engineering advisory providers, businesses can construct a well-developed plan and process the above-mentioned crucial business processes.

Millennial Partners (millennial.ae) prides itself on serving clients’ most pressing organization transformational needs across people, processes, and technology through its own proprietary frameworks. Our digital transformation offering is most relevant to the increasingly digital enterprise and consumer environments. We follow a coherent roadmap that includes incorporating the most cutting-edge technologies and vendors focusing on technologies such as enterprise Blockchain, Artificial Intelligence, and IoT.

Should you have any questions and or would like some focused professional advice, please don’t hesitate to reach out via our e-mail at info@millennial.ae.