Five Steps To Efficiently Use Your IT Budgets

In the digital age, information technology has finally matured from a cost factor to a fully-fledged production factor. Traditional cost-cutting programs are thus falling short. Rather, companies must use their IT budgets in such a way that they provide maximum support for the profitable growth of their business. At the same time, they must optimize the associated costs in order to remain competitive.

The following five steps combine cost optimization and benefit maximisation. The result is a catalogue of concrete recommendations for more efficient use of your IT budget. This includes short and medium-term potentials for optimizing your existing IT costs as well as medium and long-term potentials for increasing your competitive differentiation and company growth through information technology.

We divide the measures for a more efficient use of your IT budget into three phases according to the period of effectiveness: 

Quick Wins mainly result from the elimination of inefficiencies in demand management, projects and vendor management. You reduce your IT costs without compromising benefits and quality.

In consolidation, cost optimization and benefit maximization are equally important. The consolidation of applications, transparent purchasing processes and efficient use of personnel are the key issues here.

The transformation phase is determined by maximizing the benefits of IT. A future-proof architecture and the optimization of your business processes determine your agenda here.

For further information please contact our core team.