Tip of the Day
#EnvolveEDU
The reason why too many and different business tools can be harmful for your business
1. High costs of tools
Each business tool a company uses helps particular team members to do their work better. As a result, they get their job done more quickly and efficiently. However, if you calculate the monthly cost of all the tools you’re using, it could add up to thousands of dollars. SaaS (Software as a Service) tools often solve one specific problem.
2. Scattered data
Each team will have their own ways of collecting and managing data, which turns it unworkable for other teams. More than that, the data never align, which means it can’t be used to make better business decisions. That’s why having all the departments use a shared tool is a big step towards a productive use of your company’s resources.
3. Time-consuming setup process
Adopting new software costs a lot more than marked on the company’s pricing page. It costs hours of your team’s time, often worth thousands of dollars in hidden resource costs. That’s why the decision of choosing the right tool for your business is so crucial. With the right set of tools, there’s no need to switch them up every few months.
4. Unproductive time management
Adopting new software costs a lot more than marked on the company’s pricing page. It costs hours of your team’s time, often worth thousands of dollars in hidden resource costs. That’s why the decision of choosing the right tool for your business is so crucial. With the right set of tools, there’s no need to switch them up every few months.
5. Inadequate overview
Depending on the number of tools you use, the management might be struggling to get informative reports and monitor KPIs.
