Even the most lucrative businesses never have enough capital and resources to do everything they would like to do. Whether it’s paying an unexpected bill or purchasing something you truly need, there are plenty of ways to spend more than you think for your business, especially with technology. Let’s go over some of the ways you can use technology to actually save money for your business.
When looking for technology that represents the best cost-saving value for your business, you’ll first want to focus on getting a return on your investment. In other words, which technology can you implement to get the most ROI?
One that comes to mind is the implementation of technology to support remote workers, as it allows you to potentially downsize and save money on office space or utilities like electricity. Remote technologies can be used in the office, too, so it’s not even like they are an exclusive solution that is only for remote employees. Laptops, a virtual private network, and communication tools can all be beneficial when implemented correctly.
Assuming your staff can do the same amount of work from home without coming to the office, you’ll start to see a return on your investment when your next utility bill comes in. You’ll spend a lot less on heating, cooling, and rent/mortgage. It’s a value that you might not immediately expect from remote working, but it’s one that is important all the same.
Ultimately, ROI is not a new concept, but technology gives you more creative and innovative ways to maximize it. Let’s go over some of the best solutions you can implement to get the most bang for your buck.
Small and medium-sized companies that want to compete with their larger counterparts should consider implementing similar solutions to those counterparts. Cloud computing gives businesses of all types the ability to use technology to their advantage, including the same resources used by big names in your industry, without the hefty price tag you might think is associated with them.
Businesses can get just about any solution they need delivered through the cloud. You can gain the ability to run full servers, deploy web-based applications for administration and productivity, and other tools and services that you might need. Software as a Service is remarkably helpful for businesses that want the predictable and budget-friendly expenses of a monthly payment or subscription.
One SaaS tool you can implement that can bring great ROI is a hosted VoIP platform. You can take advantage of a reliable and feature-rich telephone system that isn’t tied to a local provider, meaning you can free yourself from the unnecessary service that they might charge you for. You can instead use your Internet connection to do everything you would with your telephony system. You can even access your work phone on your mobile device!
If you want to make the most of your technology, then we recommend that you work with someone who knows how to work with it, like a managed IT provider. The right provider will work with you to implement the best and most ROI-friendly solutions on the market. With experts on your side, you’ll be that much more likely to succeed and get the best value out of your technology.
Ferrum Technology Services can implement the best solutions out there for your business. To learn more, call us today at (847) 697-3282.