Considerations When Implementing New Technology

The digital world is rapidly reshaping when, how, and why an organization invests in technology. Initiating a digital transformation is no small effort, and there’s plenty to consider when looking to get started. 

Whether the decision-making lies in the hands of your CFO or within the IT department, here’s some common considerations, and how Neostella can help, when it comes to implementing new software and technologies in the workplace. 

4 Things to Consider Before Investing in New Software and Technology

Consideration #1: Preventing Shelfware 

Every company is guilty of it: purchasing new software that doesn’t end up getting used. 

Whether you’re looking to streamline workflows or accelerate growth with RPA, we are here to provide solutions. From RPA implementation to support & training for long-term success, Neostella is committed to empowering and educating your team for a sustained transformation. Rest assured—we aren’t just supplying another software that’ll collect dust on the hard drive, but rather sustainable solutions for every step of the digital transformation.
 

Consideration #2: Hearing from References 

Nothing provides credibility quite like a real-life testimonial.  

When it comes to the benefits that automation reaps for your organization, don’t just take our word for it! Hear directly from other Neostella customers in our Case Studies among various industries including mortgage, legal, nonprofit, manufacturing, and more. 
 

Consideration #3: Ensuring Cost’s Benefit 

One of the most prevalent considerations for an investment is pricing.  

According to the Oxford Dictionary, the very definition of an investment is “something worth buying because it may be profitable or useful in the future.” Hyperautomation investments yield continuous cost-savings that lead to a positive ROI. A Deloitte survey found that 59% of users reported RPA exceeded their expectations in cost reduction through: 

  • Limiting labor expenses 
  • Increasing employee productivity 
  • Decreasing IT expenditures 
  • Mitigating costly data errors 

The same report found payback on RPA investments occurring in less than 12 months, with bots delivering an average of 20% full-time equivalent capacity in the process.  

Though pricing is arguably one of the most crucial factors in technology and software purchases, investing in automation for your organization will deliver cost savings and a positive ROI over the long term.
 

Consideration #4: Avoiding Risk 

One of the biggest hesitations in initiating change lies in a fear of risk. On the opposite side of any risk, however, stands a benefit. Start your cost-benefit analysis by listing out your KPI goals. Then, we’ll gladly step in to help you discover how hyperautomation can directly (and positively!) align with your goals. 

A few of the big ones include: 

  • Improved employee experience by reducing day-to-day redundancies freeing bandwidth for upskilling employees 
  • Reduced cost through eliminating time spent on manual tasks and allowing faster processing times 
  • Revenue growth from reduced labor and additional revenue resources 
  • Enhanced customer experience by providing better customer service and product interactions 
  • Faster scaling from quicker decision making with more insights, leading to more actionable items 
  • Improved compliance and regulation through reduced potential for human error, and creating rules to ensure results are compliant 

Neostella’s Long-Term Solutions

Here at Neostella, we aren’t just providing software products, but rather solutions and services that will continue to reap benefits in the future. Any technology implementation understandably comes with a list of considerations; however, our team of experts will work with you to develop a solution that encourages long-term growth for your organization. Contact us to learn more.