If your technology is not producing a positive return on investment (ROI), you’re wasting your company’s and staff’s time and money! But what does it actually mean to have a positive ROI and how do you know if you have one?
A positive ROI means your technology produces results greater than or equal to the amount of time and money invested.
ROI = net gain/cost
A simple example is as follows:
You spend $100 and make $150. Your net gain is $50 ROI = 50/100 = 50%
Simple as calculating ROI may seem, there are many variables that must be considered before making a technology investment. It is important to consider intangibles such as productivity costs of staff time, disruption, and frustration (who works effectively when their computer is having issues?). How much time will your staff save if a Managed Services solution is implemented? With your employees no longer having to deal with constant IT issues, how much does that add up to in saved salary expense? And let’s not just think about the savings in time, but also what your staff could be doing with those extra hours. They could put that time toward marketing, training, or growing your business – making up for much of the cost of the technology investment itself!
So, is your technology just getting you by or is it helping your staff be more productive? Will your company be able to grow with your current technology? Does your technology provide opportunities to create new revenue? If you answered “no” to any of these questions, it may be time to consider contacting your dedicated team of IT professionals at UniVirtual Solutions!
Contact UVS today at (678) 374-4352 to learn how we can help keep your technology’s ROI in the positive!