The Cost of Legacy Systems
Companies using legacy systems will realise that the cost of maintaining an antiquated system is higher than the cost of purchasing a new system. Legacy systems usually cannot support new business requirements, resulting in the use of alternative methods to overcome the missing function. Alternative solutions such as manual processes and separate systems cause workflow disruption which results in decreased productivity.
What Are Legacy Systems?
A legacy system is a solution (either software or hardware) that is already either outdated or obsolete and has been replaced with newer versions and is no longer supported. If the principal company no longer supports the solution, companies will need to rely on external freelancers to maintain the solution. It will also be near impossible to add on new functions to meet new business requirements, as there are no further improvements or enhancement to the solution.
Main Issue With Legacy Systems
High Maintenance Cost
Legacy systems are similar to outdated technology. One of the most significant issues of legacy systems is the cost required to maintain the system compared to upgrading it to a whole new system. An example of the cost involved would be the need to make modifications, and an external freelancer would be required to fulfil the requirement.
Decreased security is also a considerable concern in legacy systems because there are no longer security updates, and there is also no support from the vendor of the software. Your data and information are at risk as you will not be able to safeguard the system adequately. If there are new security vulnerabilities, you will be at a disadvantage as you will not be able to determine if your system has sufficient security measures to thwart hackers.
Possibility of Failures
Legacy systems can also contribute to system failure and create downtime that can result in expensive recovery and restoration services, lost sales, damage to the brand and lost employee productivity.
In conclusion, legacy systems inhibit business scalability and growth. As your business grows, you will face business challenges that may require you to tweak your workflow or process or even introduce a new sales channel. If you are utilising new business solutions that are up to date and have to incorporate the latest business trends, your unique business requirements could be easily met. Your business solution should be able to support your business new needs and be flexible enough to be able to grow as your business grow.
If you are from Singapore or Indonesia and would like to find out if your business solution requires updating, please contact MicroChannel today and we’ll help you to stay competitive with the latest business solution.