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How to Reduce IT Costs in Your Business

Every company wants to find ways to save money, but not every company knows the best way to meet its money-saving goals. Year after year, companies are investing more into their IT department, according to the 2021 survey from Computer Economics. But are they spending it wisely? If you are looking for ways to save big, take a look at the following methods to reduce your IT costs once and for all.

Budget targeting

How does your budget align with your business and IT needs? What projects are vital to growing your business and what projects would be great to have and accomplish, but maybe not just yet? What’s the big picture? Put your money on the sure thing. Go after projects with near-term completion over more fanciful, “nice to have,” long-term programs. Choose quality over quantity.

Essential objectives should align with present goals and your business strategy, resulting in lower IT costs, without harming what’s already in place. Cross-department conversations should occur to better decide where money should be spent and where time would best be used. Over time, you can revisit and add-in projects that were previously put on hold to ensure your departments are consistently making the best use of time and effort, at a price you can afford.

Outsourcing IT

The faster you grow, the more staff you need and the sooner you’ll need to expand your offices. That’s not to forget the costs of salaries, benefits, pension and the resources these people need to do their jobs correctly. Outsourcing frees up your resources and reduces business expenses. By leveraging the skills from sources beyond your own backyard, you can find talent that matches what you need at a price you can comfortably afford.

Small-to-medium businesses can especially benefit from moving to managed service providers, or MSPs, to manage, maintain and even host your IT infrastructure. It’s a hands-off approach to IT, allowing for greater flexibility and efficiency than what a smaller business can capably handle in-house. Instead of having on-staff IT, and all its associated costs, you would pay for remote IT services as needed. Remote help desk, data backup or installation, desktop, and network management, applications management, and the rest of your technical needs correlate to your direct use and capacity.

SAAS platform

Sometimes overlooked as the money-saving solution it is, what is SAAS but a more efficient way to prevent overspending on IT? SAAS, or software as a service, is a pay-per-use model allowing a business or organization a way to use software with the features they want, on their terms. It’s clear why Statista surveyors ranked the importance of SAAS to reach business goals as “very high.”

Rather than dealing with an in-house application, with all the bugs, testing, and updates that go with it, companies turn to third-party vendors to find the applications that meet their needs. In many cases, SAAS can provide more advanced IT than what a company at that tier could normally afford. Turn to a SAAS provider such as World Wide Technology for trusted performance and efficient, scalable software.

Ready to save on IT spending?

With a bit of planning and reorganization, your company can reap the benefits of a streamlined, more efficient IT team. Encourage cross-department conversations to better manage your IT budget, consider outsourcing your IT infrastructure and look into SAAS to help your company move forward at lightning speed.

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