“How much will this cost?” This is the common yet reasonable refrain from CFOs when they hear the news of your plans to implement new technology platforms.
That prompts another question: How do you keep your expenses as low as possible? Some expenses are fixed. SaaS platforms, require an annual expense to access the premium functionality, adaptability, and analytical results of their proprietary tools.
Beyond that, your organization is responsible for the deployment cost, additional module implementation and of course optimization efforts due to below-par implementations.
Here are some ways to help you control the cost of your implementation.
Templates
While templates can help it can also hinder long-term viability of your solution. The balance between changing processes and customizing is a key factor
Data
Many organizations underestimate the data challenge. Poor data leads to poor results, adoption challenges, and even worse payroll processing issues.
A study by Gartner estimates an annual cost of $12.9 million for businesses that are underprepared.
Project Management
Ensure tight governance, effective sponsorship and timely decision making
The Partner
For organizations it is not easy to effectively work with contractors or indeed even find the right contractors. Engage with a partner who has the right skills and will support your ojectives and are creative in finding the most effective solutions
