Regardless of the industry, your business depends on software. Be it off-the-shelf programs for accounting or multi-purpose custom-made apps, all programs eventually expire.
With the new technologies and compliance requirements appearing regularly, it often becomes nearly impossible to work with old software. When that happens, companies face a choice of buying new apps or modernizing what they already have.
Creating new custom software from scratch can be time-consuming and costly. That’s why application modernization could be a good solution. Let’s look at the reasons why you should consider application modernization for your business.
1. Cutting costs
When companies modernize their existing apps, they don’t just save money on acquiring new programs. They can experience cost reduction in such areas as:
- Equipment maintenance (if they move the system to the cloud)
- Legacy system maintenance
Problems that occur with old software usually take time and money to fix, causing extra spending and downtime. By modernizing the software, you can forget about lags and breakdowns while saving money on maintenance
2. Improve team productivity
The output your business shows depends heavily on how productive your team is. If you move the system to the cloud or eliminate a variety of manual tasks, your employees can show better productivity.
Modernizing your legacy app can increase the productivity of your team by as much as 40 %. By giving employees access to modern tools, you are allowing them to focus on what they do best instead of looking back at repetitive manual tasks.
Modernized software is highly flexible so it can provide the necessary work optimization solutions to several departments simultaneously.
3. New functionality and flexibility
Old applications lose their efficiency very fast. With time, instead of optimizing your work, these programs slow it down. Older apps aren’t flexible enough to cater to the growing business needs.
Tricension’s application modernization service providers explain that without timely modernization, it’s virtually impossible to keep the company’s output at satisfactory levels.
4. Cloud migration
In the 21st century, the ability to keep your system on remote servers could be the push you need to stay ahead of the competition. Legacy systems aren’t optimized for functioning on the cloud.
As a result, you can’t offer your employees the ability to work remotely and access projects from different locations simultaneously. Meanwhile, you can’t take advantage of the security and high-quality maintenance offered by cloud services.
5. Improved compliance
Companies in certain industries such as healthcare need to comply with the latest regulations to stay afloat. Older apps aren’t designed to adjust to the new regulations, making it almost impossible to follow them.
Meanwhile, paper-based legacy applications make filing the necessary reports and keeping logs extremely difficult.
Legacy application modernization isn’t just a way to improve your company’s productivity, it’s necessary to help your business grow and comply with the latest requirements and regulations. Unless you are planning to build new custom software in the nearest future, modernization needs careful consideration.