The technology benefits of SD-WAN may be enough to justify a migration. Rarely, however, is it that simple. The financial impact of SD-WAN factors heavily into gaining stakeholder buy-in.
My colleague Matt Long created this video series to demonstrate how SD-WAN can provide significant financial benefits for large organizations. While some examples may seem like “soft” costs, their impacts are quite real.
What can SD-WAN do for your budget?
Reduce circuit expenses: There are a variety of ways that you can decrease the costs associated with your MPLS circuits. Your current network configuration and your organizational goals associated with your transformed network will drive how you can cut those costs, but, over time, SD-WAN will reduce your MPLS circuit costs.
Increase workforce productivity: While you may think of this as a soft cost—and therefore more difficult to measure—increasing workforce productivity has a huge bottom-line impact on organizations. SD-WAN enables a network architecture that optimizes your end-users’ experience because they can access the cloud-based applications they need to do their jobs.
Recapture lost revenue: Network degradation and underperforming applications can equal missed opportunities when your organization cannot complete transactions or when transactions are processed slowly. This lag time not only leads to lost or decreased revenue, but it can provide a frustrating experience for your customers.
Accelerate your time to market: SD-WAN’s centralized management features allow IT to more easily push new software releases, features, upgrades and changes to every device on the network at once. This capability can lead to operational cost savings. Plus, your organization can take advantage of new feature sets faster to realize revenue more quickly.
Making the financial case for SD-WAN
Moving to an SD-WAN solution is a big financial investment for any organization, but, as Matt highlights, the potential for savings and increased revenue make SD-WAN a smart investment. And keep in mind, there are options for paying for an SD-WAN solution, including consumption models and financing, that may make financial sense for your organization.
There are many paths to decreasing costs and increasing revenue with SD-WAN. We are here to help you select the right one.