Most experienced accountants will tell you that if you want to improve your company’s financial situation, you get the fastest success by cutting costs as opposed to trying to increase revenues. It’s a sure thing to take money you have today but would spend and keep it in your pocket, rather than aim for a goal of making more money that may never materialize.

The same holds true for improving the financial position of your software product. If you want better profitability next quarter, rather than next year, look at building in functionality that cuts costs.

Not that you ever want to stop adding enhancements that will make your product sell better. But when you reap the financial rewards for more competitive features no sooner than a year from now, you also need to focus on adding features that cut costs.

Use the tips below to find ways to change your product so that your company saves money.