What’s the opportunity cost of your current software?

What's the opportunity cost of your current software?

Whether you have built your own product(s) or have pieced together off-the-shelf software solutions to run your business, you have to ask yourself not just what your software is doing for you today, but what is it preventing your business from doing tomorrow?

The question becomes even more challenging when you’ve already invested in teams and technologies and budgets that support and align with the status quo in your software. Changing course seems expensive and disruptive and the return on investment hard to nail down.

But, integrating existing products, transforming legacy systems to microservices, or even starting the next product on a secure, scalable architecture doesn’t have to be expensive or terribly complicated, and BOS clients are already proving the ROI.

For example, one client had built a successful real estate marketing business but was having trouble growing because of software complexity and expense. They had built or acquired 15 different products that were driving their success but the overhead had become consuming as they spent over $1m every year to manage multiple products in multiple languages with multiple cloud installations.

In four months, BOS had all of their products layered onto a common, microservices architecture and had reduced their spend by 80%. Not only did this free up cash to reinvest in the business, but building on BOS also simplified and expedited their ability to scale to new markets – thus growing their business. On BOS, they expanded not only to dozens of new cities in the U.S. but expanded their business internationally.

As we’ve seen with many companies: while software was driving their success, it was also limiting it.

So, I come back to a difficult question for any business: even as your current software may be enabling your business today, what opportunities is it preventing for tomorrow?