What is digital transformation?
Digital transformation is an ongoing process a business uses to incorporate new technology into its practices. Examples include adding web or mobile services, upgrading IT systems and automating processes.
Why start a digital transformation?
Studies show that small and medium-sized businesses (SMEs) that use more digital technologies perform better.
- Facilitate growth and exporting
- Simplify day-to-day management and employee attraction and retention
- Improve profitability and productivity
- Support competitiveness and business continuity
What’s your business’s digital maturity?
Get a free assessment of your business’s digital maturity with an online tool from the Business Development Bank of Canada (BDC). It lets you compare your digital maturity to that of other companies in your industry, identify areas of improvement and learn best practices.
How to execute a digital transformation
Having a detailed plan and enlisting the help of experts will help you maximize the benefits of your digital transformation. Here’s what you need to know to get started.
4 steps to a successful digital transformation
1. Assess your situation
Here are some questions to help you decide what to focus on:
- Can you improve your core processes?
- Do you have a formal, clear and up-to-date business strategy?
- What is your business’s digital maturity?
- What are your needs and goals in order of priority?
2. Plan your transformation
Call on experts to help you develop a digital transformation roadmap. This roadmap should cover every aspect and step of your digital transformation:
- Goals and key performance indicators (KPIs)
- Investment strategy
- Implementation timeline
- Training, change management and recruitment
3. Find financing
There are many government programs and other financing solutions available to help you achieve your vision.
Contact us to help you choose the best solutions for your business.
4. Measure and optimize as you go
Continuously monitor your KPIs throughout the implementation process.
Adjust your roadmap as needed to stay on track with your goals.
Specialized support
Get help from our trusted partners at every step of your digital transformation.
Financing your digital transformation
Explore our options to help you finance your digital transformation.
Accord D Business financing
Custom financing that’s available at any time through AccèsD Affaires with a competitive interest rate and flexible repayment terms.
Momentum Fund
Get up to $20,000 for an innovation project, digital transformation, energy-saving equipment purchase or other qualifying growth initiative.
Desjardins Capital
Get access to custom financing in the form of equity investments or unsecured loans as well as corporate governance advice.
Government programs
No matter the size of your business, these programs can give you access to the funding you need to drive growth and achieve your goals.
Our digital products and services
Mobile and online services
Better manage your finances and your business relationships with service providers, customers, employees and the government.
Solutions for employers
Simplify your payroll and HR management and get personalized support to attract and retain talent.
Payment solutions
Make it easier for your customers to pay you with innovative and customized payment solutions from our partner Global Payments.
Get help starting your digital transformation
Contact your account manager for personalized assistance. If you don't have an account manager, contact our team.