Some business owners don’t believe there is a return when investing in technology. But the truth of the matter is that if you don’t keep up with newer technology, you could be sacrificing the success of your business for reduced productivity and slim profits.

Outdated technology, such as older computers, may be slowing down your business. Internal components progressively wear out, including hard drives and fans, leading to slower performance issues. These can be costly to repair, and will require time and money to service them. Depending on what needs to be fixed, it might be worthwhile to upgrade to a newer computer. As a result, you’ll notice an increase in computer performance that will help speed up administrative tasks.

If your business is using outdated computers, then you’re also probably running an older operating system. For example, Microsoft no longer supports their older operating systems, including Windows XP and Server 2003. If you continue to use older operating systems, your IT department may spend a lot of their time on maintenance and security patching to keep them running smoothly.

How old is the software you’re using? Outdated software might not run well on a newer operating system, or may not work at all. Software providers tend to not support their software on older computers or operating systems. This could leave you stuck, should you have any issues.

Using old technology can hurt your business. Instead of saving time and money, outdated technology can prevent your business from operating at its full potential. Investing in technology will allow your company to thrive and help you grow profits in the long run.