How to Turn IT From a Cost Center to a Money Saver

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Turning IT From a Cost Center to a Money Saver

IT is usually a CEO’s least favorite word. The thought of anything tech related, regardless of what stage of business you’re in, typically causes some mild panic. Whether it’s confusion, uncertainty, security fears, and so on, the main reason for the alarm tends to surround the topic of money. Cyber security has become a significant necessity for businesses in today’s world, where cybercriminals are on the rise. Money, however, shouldn’t have to be your reason for not taking the next steps to a safer, secure environment.

When you find the right IT company, whether through your staff or a hired managed service provider like Protected Harbor, fears of how much you will spend will soon dissipate. Today, we will go over how you can turn your IT from a cost center to a money saver with a strategic approach.

Our Steps for Finding a Reputable IT Company:

In Sync with Your Business Goals: Your future IT partner should be aligned with your organization’s business goals to ensure that your technology investments support the overall mission of your organization. This can be easily figured out by having a thorough interview with your IT partner and discussing what you actually need versus what your company can do without.

Focusing on Value: Your IT partner should focus on delivering value to your organization rather than just providing technology solutions. This means understanding the needs of your business by figuring out what is currently lacking in your team’s IT processes. As a result, they will find ways to improve your processes, increase efficiency, and reduce costs.

How-to-Turn-IT-From-a-Cost-Center-to-a-Money-Saver middleFlexibility: There are many ways to solve IT issues, and we know that. However, your IT team should be deploying solutions that can solve multiple problems. For example, when upgrading to a new system, your IT partner may recommend or automatically add multi-factor authentication to your new system, increasing security. They should automatically find ways to solve future potential problems even if they don’t exist yet.

Implement Cost-Saving Technologies: Your IT partner can and should implement cost-saving technologies such as cloud computing, virtualization, and automation. This will reduce hardware and software costs, improve productivity, and reduce the need for manual labor either from your staff or your IT team.

Optimize IT Operations: IT can optimize its operations by using best practices such as ITIL (Information Technology Infrastructure Library) to streamline processes, reduce downtime, and improve efficiency.

Use Data Analytics: IT can use data analytics to gain insights into the organization’s operations and find ways to optimize processes, reduce costs, and improve performance. This way, your partner will only ever recommend to you what you need versus what you don’t.

Adopt a Continuous Improvement Approach: Your IT partner should adopt a continuous improvement approach to ensure they always look for ways to optimize your operations.

 

These are just a few steps that companies like yours should review and think about before panicking over the idea of cost in technology. These steps should help you when it comes to evaluating your next IT partner. IT is a necessity in today’s world and truly is a strategic asset for your company; it can only help drive your future success. The next time you’re afraid of your IT becoming a cost center, remember these steps above, and you will surely see how hiring the right IT partner will become your money saver.