BlogBlog

Every day organizations must carefully plan the IT budget that helps optimize the costs of their software assets, and in turn extend their useful life.

Properly employing an IT budget plan guides industry giants (CIO, CFO, CEO, IT department) to successfully execute upgrade decisions, as well as prepare you for changing vendor challenges.

Getting your software assets under control efficiently and on budget is a huge challenge for the IT team. What if your managed software assets are under budget, but not performing optimally? Or that these exceed the budget limit?

For this, it is necessary to have the correct strategies that optimize IT costs - ranging from smarter upgrade decisions, to the implementation of software-defined technologies - which can guarantee your organization savings and cost reduction, and at the same time help to increase optimization and profitability.

In addition to having specialized advice that guarantees the best options for your organization.

You can get better savings strategies by viewing our article: How to efficiently and optimally manage your software assets

So in this article we bring you 3 questions to help you make better financial decisions for your current and long-term IT budget plan.

1 How to optimize IT costs?

Reducing IT costs may not always be an easy task, but you can implement some Cost-Reducing Tips on your software investments.

An example is creating a plan for your software assets that centralizes and consolidates cost reduction, and also considers migration to cloud services.

It is also important to devise and execute an IT budget plan for optimal licensing management and to reduce technology spend from deprecated software.

2 How does deprecated software affect an IT budget plan?

It has a great effect since it becomes a surplus and increases the current licensing plans, raising the agreed costs and modifying the contracts.

It is important to take into account the licenses to be used to be budgeted. Understand that controlling your obsolete software can save you up to 30% of your current budget.

Get expert advice and evaluate the best options for downsizing your software.

3 How to design a profitable IT budget plan?

• State and describe current requirements and challenges.

• Set clear expectations and incorporate firm limits on who has the final say for each decision and / or action in the IT plan.

• Identify possible areas of conflict and determine possible negotiations.

• Don't underestimate the importance of planning - your budget may be at stake.

• Seek advice to help you plan and execute it.

Today's well-advised IT teams can be relieved and no longer alarmed by annual software purchases and payments and software audit risks.

For the aforementioned Licensing Assurance, it has solutions to help you in the negotiations and contracting of your licensing, achieving a considerably reduce the budget agreed for it.

If you want to be part of the organizations that only pay for what is used, contact us.