Wed 7 Jun 2006
How can you Justify Technology Investments by Simply Looking at the Bigger Picture?
Posted by Jake Carey-Rand under IV General Posts, Productivity, Technology Upgrades
This may seem like a simple idea for me, but then again this is what I do for a living. Innovative Visions acts as an extension to your company in order to provide you with a different view of your business. But let’s look at one specific example and how this can work for you.
We’re currently working with a number of small businesses who are looking to upgrade some part of their out of date infrastructure. This could be the mail server, phone systems or the firewall and security setup. Whatever it is that you’re looking to upgrade, it inevitably means an investment on your part. It could be a large investment (as compared with your normal operating expenses) or it could be rather small by comparison. But in either instance you have to justify this expense for yourself and/or your management. The key for most businesses is looking at the ROI (what is going to be the timeline and return on investment before this upgrade is paid for?). While this is crucial and should be outlined as a part of every proposal, there are other ways to justify this as well, which may involve analyzing the bigger picture.
Let’s say you need to upgrade your antiquated phone system. Say the ROI on this investment is 24 months before the system has paid for itself through productivity gains and reduced expenses. Well, what about reducing that time to 12 months by reworking your contracts for local, long distance and Internet service? It IS possible as I can tell you from experience. It’s just a matter of looking at the bigger picture and allowing your way of thinking about your business to include your technology on all levels.
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