Maintaining legacy systems has a handful of benefits; current costs and training appear minimal. But the risks can be staggering and there can be multiple layers to hidden costs and many that you may never discover. The slowness of the information itself may stop your production in its tracks and prohibit you from taking work that would add to your profitability. It can be a constant drain.
One of the most critical problems with maintaining old software is that eventually the platforms become so obsolete they present a security risk. Older technology loses its ability to keep up with the current security standards. Depending on the regulations you’re required to comply with from your industry or the protocols you keep internally, this can lead to audit failures and much larger issues, including loss of business. Legacy systems have outdated functionality, leaving little room for scaling operations beyond the limitations of your status quo.
However, upgrading isn’t always the easiest process. The upgrade itself is often extensive, sometimes taking years to complete depending on the size of the organization. And even when complete, there’s still the transition process of training and familiarization with the new systems that can set the company back long before any return on investment is finally realized. While it’s true that upgrades can ultimately save you money in the long run and expand the capabilities of your operations, you must be careful not to move to features and functionality that offers little to no benefit.
We’ve identified many of the challenges your organization will face in getting to the newest version of the systems you use. How should you move forward?
- Base your decision on the one most critical factor that is unique to your organization. If you’ve failed an audit or lost contracts with customers to the point of being in real trouble without an upgrade, the choice is clear. Your task is to identify whatever that one thing is for you that you know the company cannot live or, more importantly, grow without.
- Involve your team in the decision. Your team should be able to come to an agreement on what is that most crucial piece.
- Get the vendor involved. Tell your vendor what your key drivers are and see how their latest platform helps you close the gap, solve the problem or moves you forward in the direction you need or want to go. The vendor should be able to alleviate that obstacle or deliver on your objective.
This does not mean that all other factors are irrelevant, but the primary focus of your conversations and research should always take center stage and all metrics should revolve around determining the success of the project based on this primary factor. Projects and upgrades tend to fall off the rails when all eyes are not on target.