Reducing operational costs and ROI is crucial for the success of any business. It not only helps improve profitability, but also ensures long-term sustainability by managing expenses efficiently. However, achieving this can be challenging as it requires a thorough understanding of the business operations and the cost structure. In this article, we will discuss the importance of reducing operational costs and the challenges businesses face in achieving this objective. We will also provide some practical tips and strategies to help businesses reduce their operational costs while maintaining their productivity and quality just by using Atlas.
Doing more with less – an over-used phrase? Not anymore
Atlas is a natural starting point for transforming your organisational productivity, which in turn impacts the bottom-line. We haven’t spoken to anyone in recent times who has mentioned increased staffing levels, spare resources or burgeoning centralised knowledge management teams. Everyone is being asked to do more with less. Smaller teams are having to learn new ways of working without the benefit of close physical presence, making the task of filling the gaps and streamlining processes even harder. A highly functional knowledge management platform within a digital workspace is no longer a luxury but a necessity.
Atlas is proven to save time and money and to support revolutionary changes in working practices such as those we’re experiencing now.
Save time, Think-5
Ever thought about all of those tedious, sometimes repetitive tasks that you do in your working life, how much of your time they take up? How many 5 minutes are wasted, every single day?
What if we could begin to make tasks simpler or remove them altogether? Think of all of the 5 minutes that we would save, time then made available for more important stuff.
This is what is behind our Think-5 principle. We build simple, easy to use tools that are designed to save those 5 minutes.
Consolidation of infrastructure and systems
Atlas together with Office 365 provide considerable savings from consolidating old infrastructure that is no longer required as well as reduce IT's involvement in supporting legacy applications.
Reduction in operating expenses
A true digital workspace is proven to reduce real-estate costs either by decreasing the need for opening new offices or reducing the square footage needed to house your team. According to Global Workplace Analytics, employers can save over $11,000 per half-time remote worker per year.
Five aspects of successful digital transformation
Prioritising a culture of change
Many organisations have learned the hard way that digital transformation is not just about the technology, it is about the people. More specifically, change and transformation must first take place within.
Prioritising a culture of change
Many organisations have learned the hard way that digital transformation is not just about the technology, it is about the people. More specifically, change and transformation must first take place within.
Provide the right resources and empower people
Once a transformational leader succeeds at creating a culture of change, the next step is to train or hire the right talent to execute the strategy. Empower employees to work in new ways by digitising tools and processes as well as focus on preparing people.
Insights
Digitalisation will generate significant amounts of information. Gather data and apply insights to your digital transformation.
Communicate frequently
Clear communication is critical from the beginning. More specifically, communicate the vision, explain the journey and remember to celebrate success along the way.
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