The Numbers Don't Lie
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Assurance Screening provides status update reports to clients utilizing their subcontractor screening services. These reports show statistics on current subcontractors, such as 9.27% not being properly registered in the state, 23.12% having bankruptcies or liens filed against them, 19.84% lacking proper insurance, and 34.41% not having required licenses. These numbers indicate causes for concern. Assurance helps clients verify subcontractors while not making final contracting decisions. They work with subcontractors to address compliance issues and provide copies of reports so gaps can be addressed up front.
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Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
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- 1. The Numbers Don’t Lie For all of our clients at Assurance Screening who are utilizing our subcontractor/vendor screening services, we provide to them confidential reports which we call our Status Update Reports. These reports are designed to show our clients the statistics regarding their current subcontractors, whether they are currently in their database, or being asked to go through the screening process to become one of their pre-screened bidders for a job or contract. Below are samples of the findings we have discovered for some of our clients. The numbers don't lie. 9.27% of the subcontractors/vendors for a client were not registered with the state in which they were attempting to do business/or were not in good standing with that state 23.12% of the subcontractors/vendors for a client had bankruptcies, tax liens and/or judgments filed against them 19.84% of the subcontractors/vendors for a client did not have the proper type of insurance coverage amounts required by their contracting requirements 34.41% of the subcontractors/vendors who were bidding on a job for a client did not have the required trade license requirements for the job they were bidding Yes, these numbers not only don't lie, but they are concerning. I haven't even touched on those subcontractors and vendors who qualify for a contract or job, but then a couple months in change, alter or cancel their insurance coverage. Yes, cancel. What does this mean? It doesn't take a math scholar to see the causes for concern here. Knowing this type of data is one of the steps needed to implement a plan of action to address any issues. At Assurance, we help make our clients' jobs easier. Our job is never to make the final decision on contracting to a vendor or subcontractor, or any decision on that matter. Our clients trust, while Assurance verifies. At Assurance, we want to make sure a couple of things are occurring, as well as a follow up. First, we work with our client's subcontractors and vendors to make them aware of their lack of compliance, and put follow ups in place to communicate where they are lacking to help them shore up the gaps. Secondly, we also provide copies of the reports to any subcontractor or vendor who requests a copy, so they can know where they stand on other diligence we perform for our clients to review. Ignorance is never bliss for either party involved. Since knowing is half the battle, any causes for concerns can be addressed up front and our clients and their subcontractors and vendors can work together to get on the right track. In the end, it's always better to Be Sure. -Karen Herrera Adamson, President & CEO of Assurance Screening, LLC ©2011 Assurance Screening, LLC