Digital investment that changes the course of business!
Entering into the idea of investing in business software is often accompanied by a number of concerns. This is partly because it is one of the most complex investments in relation to the available budget. Nevertheless, the modern and increasingly dynamic business environment clearly shows that such investments have become imperative - because digital transformation is no longer a trend, but a prerequisite for survival on the market. That is why it is important to make at least a basic investment analysis, which will help you make a decision not blindly, but based on a real insight into the benefits that this "digital investment" can bring to your business."
As with any other investment, investments in intangible assets - such as business software - can be quantified, following indicators such as return (ROI) and profitability (NPV) of the investment. Experience often shows better results than we initially expect, because we are not sufficiently aware of how much unproductive processes cost us on a daily basis - these "hidden losses" only become visible when digitalization begins to eliminate them. And this realization is a chance for change: to improve work processes, increase efficiency and rely on the world's best practices - available through modern digital solutions.
Example (see image on the right): a company with 15 employees and an exploitation period of 8 years.
In addition to quantified effects, this type of investment also brings a number of qualitative benefits that often have even more long-term significance:
- increasing control and insight into business operations in real time,
- professionalization and standardization of processes,
- better organization of teamwork,
- faster decision-making based on accurate data,
- reduction of business risk through clearer procedures and automatic controls
Even without a detailed economic analysis, it is clear that productivity (competitiveness) is gained, at a cost (recalculated investment + maintenance) that will be less than 5% of the total cost of an average workplace!
Odoo ERP is a powerful platform for business management, based on the globally recognized Odoo technology. It contains a wide range of integrated applications that are used in almost all industries worldwide. The software is adapted for the Montenegrin market.
