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7 Costs of Outdated Software

Find out how and why outdated software drags down your business.

Right now, the construction industry is a key player driving the entire North American economy, and lumber and building materials suppliers are a crucial component to its success. To grow with this prosperous climate, the key is to leverage technology that streamlines operations and allows you to keep up—instead of fall behind—the boom.

With the right technology, building suppliers can take control of your supply chain and handle disruptions, use industry-specific data that can help their business and keep up with customer demand and pave way for more growth.

  1. Excessive Labor and Hiring Costs
    a. Outdated software offers less automation, meaning less employees perform more manual tasks that limit productivity and frustrate staff.
  2. Operational Efficiencies
    a. Time-consuming, manual tasks frustrate employees, disrupt workflow, and limit your staff’s ability to serve customers. Technology should enable you to do more with less and run your business better overall.
  3. Insufficient Data Insights
    a. To make smarter and faster decisions, you need actionable, real-time information at your fingertips. Insufficient data can lead to costly issues, missed opportunities, and unmet customer expectations.Epicor branded content
  4. Diminished Customer Satisfaction
    a. Customers expect the same intuitive online experience with your business that they receive when using their own mobile devices. Outdated technology sends a message that you aren’t willing to invest in tools that make doing business with you easy and effective.
  5. Disconnected Business
    a. Customers expect a seamless, connected, and consistent experience – online, in the warehouse, in the field, and more. Without modern digital tools, you limit your ability to connect with customers and suppliers.
  6. Stagnant Business Growth
    a. Without the right mobile, eCommerce, and web-enabled tools, your customers can’t do business with you wherever and however they’d like. Growth can fall stagnant when you limit your opportunities to provide instant answers and sales.
  7. Data Security Threats
    a. Cyber-attacks cost your business and can damage your reputation. Out-of-date systems lack the necessary security to block the latest hacking methods and viruses.Epicor branded content

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