Ways to Reduce Your IT Cost
Recent times have been financially hard for everyone, not least for small businesses. The latter half of 2008 and 2009 were forecasted as a time of hard spending in the IT industry before the global financial crisis hit, resulting in a deep recession.
Every penny counts more than ever so we need to look at ways to reduce cost without losing business integrity.
Identifying areas in your particular industry where you can cut costs sometimes leads to, not only a saving in cost but also, an increase in efficiency. Identify your existing cost structure and cost drivers to identify the areas where financial savings should be made.
Advertising:
If you do not already have one, give your business an online presence. Advertising on the internet is more cost effective and reaches a larger target audience than a telephone directory ever could.
Office Inventory:
Instead of getting your invoices and other forms from a print company, make use of online templates and print documents only when needed. The savings are enormous not to mention the savings in space and reduction in flammable materials.
Standardisation:
Standardisation and uniformity throughout the company can be a godsend. Buying new hardware as a job lot may end up saving your company money and provide the opportunity to set baselines.
Creating a knowledgebase and introducing standardised procedures will save downtime and administrative costs as well as improving training needs.
SLA:
No matter how large or small your business, you have an existing service level agreement with someone, be it a utility company, web hosting company or IT Support Company etc. now is the time to renegotiate them. Most SLA’s are boilerplate; you take either one agreement or another. Historically, businesses have over subscribed to service levels so that the business did not suffer. Renegotiate to get the level of service specific to your needs.
Outsourcing:
If all of your services are in-house, you can save a great deal of expense by outsourcing. Not all services should be outsourced, but where they can, you should take advantage of the savings. Hardware, software, network infrastructure, administrative support and environmental services are just some areas where savings are made from outsourcing. Speak to an IT Outsourcing Company like us here at Netpros about hosted services and software, it may just be what you are looking for.
Virtualisation:
According to the Gartner Group, by deploying a virtual server strategy many companies are seeing a 65% reduction in physical infrastructure contributing to an additional 22% financial savings in data center costs (power, cooling and real estate.)
Data Storage:
Consider changing your data backup and storage strategy. Incremental backups use less space than full backups and are faster to complete. Offsite electronic storage is faster and safer than tape storage, which needs to be environmentally controlled and is susceptible to damage. Business Continuity Planning is a key element for a todays business world.
Netpros will help you evaluate your business for cost reduction. |
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