{"id":90397,"date":"2021-10-31t12:00:30","date_gmt":"2021-10-31t16:00:30","guid":{"rendered":"\/\/www.g005e.com\/?p=90397"},"modified":"2022-12-22t00:42:31","modified_gmt":"2022-12-22t05:42:31","slug":"check-the-roi-of-new-tools","status":"publish","type":"post","link":"\/\/www.g005e.com\/2021\/10\/31\/check-the-roi-of-new-tools\/","title":{"rendered":"check the roi of new tools"},"content":{"rendered":"

\"roi<\/a>innovation is great when it\u2019s for the right reasons.<\/strong><\/p>\n

by jody grunden<\/i>
\nbuilding the virtual cfo firm in the cloud<\/i><\/a><\/p>\n

depending on your age, you may or may not remember lotus 1-2-3. it was a hugely popular spreadsheet program back in the \u201980s and early \u201990s that was eventually taken over by excel. if we had been \u201cmarried\u201d to lotus 1-2-3 at that time, we may have gone out of business because we wouldn\u2019t have been able to react fast enough.<\/p>\n

more: <\/b>is that shiny new software your best choice?<\/a> | distributed firms need different tech suites<\/a> | staffing: 10 key interview questions<\/a> | leaders need time to lead<\/a> | when value billing eliminates guesswork<\/a> | put bots to work for you<\/a>
\n\"goprocpa.com\"exclusively for pro members. <\/span><\/strong>log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n

this is the world of technology today. we have to operate under the mindset that what we\u2019re currently using may or may not be around in five years.
\n
\nwe never want to be \u201cmarried\u201d to any of the tools we\u2019re using. if we get too comfortable with what we\u2019re using today and don\u2019t even look at what\u2019s new out there, with how quickly technology evolves, we\u2019ll get behind the times pretty quickly.<\/p>\n

we always need to be on the lookout for the new programs that are going to make us better. as we discover new programs, we need to compare and contrast them with our current tools. the team then needs to decide which tool is more cost-effective, user-friendly, better accomplishes what we need, etc. being willing to do this enables us to constantly raise the bar when it comes to the services we provide.<\/p>\n

this becomes an interesting balancing act. if we want to be innovative for the sake of productivity and growth, we have to find the right balance between getting stuck in whatever we\u2019re using now versus constantly chasing shiny new objects. if we jump ship every time something new comes out, we\u2019re going to be wasting time constantly learning new programs and frustrating our staff. it\u2019s important to establish a culture of adaptability, but again, we don\u2019t want to simply be chasing shiny new objects all the time.<\/p>\n

whenever we become aware of a new tool that\u2019s out there, we have to consider the level of investment and progress we\u2019ve already made with our existing tool. if the new tool is drastically different, and it would be a positive, game-changing transformation for us, it is worth considering. we always have to be mindful of the investment we\u2019ve already made on our existing tools yet open to considering what else is out there.<\/p>\n

in the end, it comes down to roi. when analyzing the roi of a new software offering, it is imperative that we weigh the time investment we have made in a product. many times, people simply look at the cost comparison of similar tools without considering the other investments that have gone into it. ultimately, we want to be sure we\u2019re making the best decisions for the long-term health of the company.<\/p>\n","protected":false},"excerpt":{"rendered":"

innovation is great when it\u2019s for the right reasons.<\/strong>
\nby jody grunden<\/i>
\nbuilding the virtual cfo firm in the cloud<\/i><\/a><\/p>\n","protected":false},"author":3185,"featured_media":54445,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[1363,1908,3120,3002,2306],"tags":[629],"class_list":["post-90397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-management","category-pro-member-exclusive","category-special","category-tech-and-fintech","tag-technology"],"acf":[],"yoast_head":"\ncheck the roi of new tools - 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