Fix Your IT Budget By Addressing These Three Key Pain Points

If there’s one part of any organization’s operational expenses that concerns many business owners, it’s IT expenses. In fact, some companies have so little control over their IT expenses that they practically hemorrhage money, leading to limited capacity for growth and investment in other parts of the organization that desperately need the help. How can you fix your IT spending and improve your organization as a whole?

It all starts with a network audit and some intelligent future planning. Let’s review some of the most important work you can do to help your business better budget for IT expenses.

Inefficient IT Infrastructures

When you first started your business, you probably set up an infrastructure that made sense for your organization at that point. Of course, maybe you didn’t do this, too, and you just used whatever existing infrastructure was already in the unit or building, hoping that it would suffice for the moment. In any case, it’s possible to overspend on the upkeep of inefficient resources that are creating network bottlenecks and sapping bandwidth. With a little digging, you can uncover these inefficiencies and address them to make your network run better, reducing downtime and maintenance costs.

Unplanned IT Expenses

Another common source of IT spending is dealing with unexpected and unplanned expenses. Some of the most notorious examples are hardware failures, software licensing fees, cybersecurity breaches, and issues with compliance. The good news is that you can, in fact, plan for all of the above; it just takes a little bit of proactive work in the form of regular assessments, identifying risks, and implementing preventative measures that can keep downtime and other issues that they can cause to a minimum.

Lack of Strategic Planning

Finally, another major source of IT spending woes is a lack of direction and planning when integrating new solutions for your IT infrastructure. Let’s say you spend six months on an implementation initiative that pulls several important figures from across your organization away from other work throughout the duration of the process. It turns out that this solution isn’t what you thought it was, and you spent all that time on a solution that does not suit the needs of your business. You need to make informed decisions that align with your company’s mission and vision for the future. Slowing down and examining IT as a return on investment can help you save thousands of dollars every year.

Eliminate These Stressors By Working with Us!

If your organization seeks a better way to address its IT budgeting challenges, we recommend contacting us at Ferrum Technology Services. Our trusted technicians can conduct a security audit and address any potential shortcomings that can help you get your budget under control. To learn more, call us today at (847) 697-3282.