3 things one should consider before using technology
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Answer:
1) Cost- When you are entering into a new contract, cost will likely be a primary decision factor. When shopping for a new technology, setting a budget should be a priority. Factors such as your current costs, the potential ROI of a new solution, and the estimated payback period should all be taken into consideration. Be realistic when you are creating your budget and expect that if you want cutting-edge technology, it will cost you more than a basic solution. When you’re looking at estimates, make sure you’re comparing apples to apples. A Ferrari doesn’t compare to a Mini Van. And don’t worry overmuch about an increased budget. When you improve technology, you can increase efficiencies and improve the customer experience, thus, increasing your profits.
2) Contract Length
The truly great technology companies don’t need to hold you hostage in a contract. They give you options when it comes to choosing your contract length, whether it be month-to-month, 1-year, or multi-year agreements. Be sure to ask about contract options as an initial question when you are starting a conversation with any technology provider. Weigh the benefits of month-to-month flexibility versus long-term savings by entering into a term contract—it’s nice when you have the choice. You should also be on the lookout for auto-renewal clauses in your contract. If there is one, make sure you add the renewal date to your calendar so you don’t unknowingly get trapped into another 5 years down the road.
3) Integrations
No matter what type of technology you’re shopping for, a flexible integration program will enable you to create your own technology strategy and will likely save you money. Be sure to make a list of your current technology solutions and find out whether the new and current solutions can integrate with each other.