Now you have the benefits, let us talk a little about the cost of your solution of choice. If you choose an external provider, there will be some form of license fee, such as a subscription, a license or maintenance costs, which will cover the pure software cost. The latter amounts are very straightforward.
However, it is important to analyze this question a little bit further to assess the total cost of the project and the total cost of ownership.
Will you need technical services from the vendor or a partner? What about the investment of internal people in the project? Will the solution integrate with your legacy systems, or will you have to change something? What is the internal cost of maintenance and administration? And of course, what is the cost of change management?
N.B. Hence, if you decide to invest in a modern collaboration intranet, do not underestimate the change management needed to reap the full benefits from your investment!
Once you have evaluated the financial benefits on the one hand and the costs on the other, over a period of time, you can calculate the ROI rate of your solution of choice by dividing the difference between benefits and costs by costs.
If you expected some math or % and $ figures in this post, look for our next post on the ROI subject, where we start exploring the impact of a collaborative intranet on turnover.
Collaboration is “the situation of two or more people working together to create or achieve the same thing”.
Here are some definitions of digital workplace:
In order to effectively find the right type of collaboration for your business, you have to follow a strategic approach and answer three common yet critical questions: Where are we? Where do we want to be? And how to get there?
At the internal level, businesses try to encourage and seek to incorporate different forms of collaboration in the workplace to lay the foundations for teams to be able to work together with an aim to achieve higher levels of success.
Externally, businesses look to engage in collaborative actions to benefit from others’ expertise, to gather the opinions of their customer base and to get customers and other stakeholders more involved in the development of products and services.
Here are some of the benefits of collaboration in the workplace: