You had a solid pitch. You knew the benefits of the innovative idea you were recommending and how it aligned with the organization's strategic priorities and other IT initiatives. There’s no way leadership was going to turn down your request for a budget. Yet… they did exactly that.
Why was it rejected?
Business leaders often feel caught in a whirlwind of technology. Chasing after change is frustrating and can negatively affect the growth and profitability of an organization. No matter how good your pitch, a seasoned business leader will look to protect their bottom line. It’s up to you to prove how their buy-in on IT initiatives like a data warehouse, custom AI agent or field service application, will generate a return on their investment.
The key to success, it’s focusing on value creation. If you can’t articulate the financial value of your innovative ideas, then only the least expensive concepts will be funded. Lead with value creation and demonstrate the work that supports the anticipated ROI.
Establishing Value
We have two paths you can take to determine the value of your IT Initiative and increase your chances of getting the funding you need to drive toward successful outcomes — our DIY Workshop and our ROI Calculator. The choice is yours, but should be made based on where you are in your journey.
The DIY Workshop
If you have an idea that you’re excited about, but the value it will create is unclear, and/or it will require buy-in from stakeholders that are not direct-reports, then start with our easy to follow DIY Workshop. You can download a PPT file, complete with detailed presenter notes, that will walk you through a step by step process. Not only will this help you clarify your vision, it will also drive alignment and support among the audience most-impacted by it. In fact, in our experience, the workshop helps uncover even greater value. We can also facilitate a workshop, if you prefer to have members of our leadership team lead the way.
ROI Calculator
If your IT initiative is focused on streamlining manual workflows that are prone to errors and omissions, then download our sample ROI Calculator. This excel workbook includes worksheets to capture; routine activities, frequency, time required, impacts of errors and omissions, and the individuals required for the work. Once you have captured the workflows, you’ll know exactly how much your organization is spending for each on an annual basis. You’ll also be able to indicate the reduced effort anticipated once your solution is in place, which will calculate anticipated savings. You’ll need the help of skilled resources, like our team at Red Hawk Technologies, to help you establish a budget, but once that’s added to the ROI Calculator, you’ll be ready to demonstrate the intended return on investment.
Partner with Red Hawk Technologies to Drive Tangible Value
As an IT Leader, you're not just keeping the lights. You’re driving innovation and contributing to revenue growth. While daily fires demand immediate attention, the real opportunity lies in building sustainable, value-generating IT assets that propel your organization forward. Instead of viewing initiatives as isolated projects with uncertain outcomes, envision them as long-term investments that deliver measurable ROI.
That's where Red Hawk Technologies steps in. We're more than just a software development firm; we're your strategic partner in unlocking the true potential of your IT investments. We empower you to move beyond reactive firefighting and embrace proactive value creation.
Here's how we help you deliver impactful results:
- Accelerate Innovation with Collaborative Workshops: Whether you choose our DIY Innovation Workshop or prefer us to lead the process, we help you uncover hidden opportunities and develop innovative solutions that align with your business goals.
- Transform Ideas into Tangible Assets: We guide you in adopting an "Asset vs. Project" mindset, providing clarity on the initial investment and the total cost of ownership over a three-year horizon. This ensures your leadership understands the long-term value and strategic impact of your IT initiatives.
- Articulate and Demonstrate Value Creation: We equip you with the tools and expertise to quantify the ROI of your software investments. Our ROI calculator and expert guidance help you build a compelling case for your leadership, showcasing the tangible benefits of your strategic initiatives.
- Development-as-a-Service (DaaS) for Predictable Investment and Sustainable Growth: Our unique DaaS model provides financial and operational stability, allowing you to invest in custom software with confidence. The fixed monthly fee covers everything from development to maintenance, eliminating the unpredictable costs and risks associated with traditional software projects.
- Strategic Partnership for Long-Term Success: We’re committed to empowering mid-market businesses with impactful software solutions. We act as thought leaders, building strategic plans and arming you with the information you need to be successful.
To help you present a compelling case for Red Hawk to your leadership team, review our capabilities deck, it includes: an overview of our services, case studies, and testimonials.
Invest in the Future of Your Business
Using simple tools and techniques to help you forecast the value created from your innovative IT concepts will significantly increase your odds of getting the budgets you need to move the organization forward, and contribute to the bottom line. This is what appeals to business leaders and allows you to get buy-in on IT initiatives. Sometimes, all it takes is a little help from the professionals to get the ball rolling. At Red Hawk Technologies, we help clients advance with confidence, knowing they are partnered with experts who have deep experience with custom development and the business savvy to understand and promote an organization’s best interests.
Want to know where your business is headed? Contact us today to start the conversation about your IT initiatives. Soar into digital transformation with Red Hawk.
Clarify and Define Your Big Idea
Use these easy-to-follow presentation slides to facilitate your own tech innovation workshop:
- Explore your vision for a new web or mobile app
- Define your goals and audience
- Outline logistics and required technology
- Move toward next steps in making your idea a reality
Download the Presentation
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