Topics: IT Spend
Creating and building out an IT budget can present a dilemma for many CEOs and CFOs: should you set a budget first and then work within it? Should you determine your needs and build a budget around that? What's a good estimate for how large an IT budget should be as a percentage of revenue? Having a CIO or Director of IT can help the process move along much more smoothly, but for companies who haven't filled those positions, the budgeting process can seem complicated and risky. In this article, we'll help you understand the intricacies of building out a technology budget, and the steps you should take to make sure that you and your employees have the tools to do your jobs well without breaking the bank.
In this new era of fiscal responsibility and uncertain economic times, all businesses are looking for ways they can save money and be more productive. Information technology (IT) enables companies to be more efficient and effective; it can help them save money. Leveraging the right technologies by adopting recent advances in IT allows companies to enhance value and gain a competitive advantage.
Here are six key recommendations on how IT solutions can help save your business money: