Today’s post is by Scott Russon, Social Media Director at TOP CFOS
Welcome to our blog today! TOP CFOS offers the finest CFO services to companies around the world who want to take their organization to the top. We love to be the catalyst behind your firm’s soaring profits as well as being a part of your team! For your convenience, we provide an RSS feed at the bottom of our website so you can subscribe to our Blog. Today’s post comes from the Technology category entitled, “Upgrading Software.”
For businesses, it’s important to have the latest and greatest system. Most times, companies that don’t move with the times get left behind. Businesses need to adjust and adapt themselves to the current generation. By having new equipment and updated software, your business runs smoother and your employees will feel more professional. Upgrading can help your business succeed. People are attracted to fancy, shiny, and new things.
Whatever type of business you have, it’s important that you frequently purchase new equipment if needed. You shouldn’t be using equipment that fails often, especially if it affects how long a customer waits. Now, on the other hand, you shouldn’t be buying new equipment every other week. Sometimes a company can buy a new machine and it will last several years. It depends upon the type of equipment and business you run. For example, a factory using a fork lift should only buy a new one the minute the old one quits, which could be 10 years down the road, or even more. But, a Tech company using computers should upgrade about every 2 years, because technology is growing so rapidly that it becomes outdated almost as quickly.
Upgrading your company’s software can be a big decision to make. All your staff is used to the current software, and upgrading means they have to relearn a new program, which could hurt your business because of issues. Sometimes companies offer classes to employees for new upgrades so it can be a quick change for the new and improved features. Upgrading also comes at a cost, and the bigger your company, the bigger the price will be.
One thing to think about when upgrading your company’s software is timing. When a software company releases their newest software program, it’s not going to be perfect. They usually find bugs after a while and frequently update the software again and again to get rid of them. A good rule of thumb is to wait several weeks to a few months after the release, so the company can deal with any issues, not you. Continue to use your current software that works before you hassle with a new upgrade.
So, it’s up to you, every business is different according to their needs. You may only need to upgrade your equipment and software after several years, others may need to upgrade yearly. But the point is that you need to have sufficient equipment and technology that will please and satisfy your customers.
We hope you’ve enjoyed our Blog today. Please remember, TOP CFOS offers the finest CFO services to companies around the world and would love to be a part of your team. Feel free to reach out to us anytime. Your feedback is most welcome, and we invite you to share this post with friends and associates. Our contact information can easily be found here on our website, so give us a call today! Our next post will come from the Risk category on our website and is entitled “Operational Risk.” Thank you for joining us!