Benefits of Investing in a Corporate Intranet
In today’s era of digitization and economic downtown, organizations are seeking new ways to make their investments such as technological investment and companywide communication tool, which is the intranet. Many organizations fail to realize the value and potential of an intranet. Although there exists a hope that more techpruners will understand the value of intranet software to their organization, still it becomes a cause for concern. The studies have found that only 14% of the respondents consider SharePoint as a business critical. Now we can take advantage of the economic downturn and use the best intranet software as a competitive advantage to drive in improvements. This is done with the objective of boosting workforce productivity and business efficiency through seamless collaboration and communication. Although this is done there are two key challenges encountered by the organizations from a business perspective.
· With the ever-changing technology and collaborative business tools, it requires increasing effort to decide what will best suit your organization.
· Measuring the ROI of investing in these collab tech tools and checking whether it brings maximum ROI (Return on Investment)
Now let’s see how your organization quantify the returns by adopting mediums like intranet!
How the Benefits Outweigh the Cost?
We are now living in a world of SaaS, which means that solutions, which once cost thousands of dollars earlier, are now available as ‘Plug and Play’ offering, which are not simply affordable but also customizable according to your business requirements.
You save time, labor and cost in creating an intranet for your organization. You get an evergreen intranet, which is synced up, with all the latest tech updates and customized according to one’s preferences.
Some of the returns which we benefit with intranet- be it higher employee engagement, knowledge sharing, better data security, boosting employee morale is not seen directly reflected on the organization’s books of account-hence called soft returns. This often dissuades organizations from investing big money in a dynamic intranet.
1. Improves Employee Engagement
Employee engagement isn’t purely achieved through campaign telecommunications. An ef