5 Ways to Cut Costs with Technology

Mar 25

Now more than ever, the first thing on every business owner’s mind is saving money. Perhaps one of the most effective ways to do so is through the use of technology. While there are a number of ways in which technology can reduce costs for business, these five solutions are straightforward to implement and produce [...] [...more]

Posted: under Outsourcing, Software outsourcing.
Tags: Computer Networking, cost reduction, improve profitability, IT Agility, IT outsourcing, IT Support, saving money, Website Hosting

Now more than ever, the first thing on every business owner’s mind is saving money. Perhaps one of the most effective ways to do so is through the use of technology. While there are a number of ways in which technology can reduce costs for business, these five solutions are straightforward to implement and produce results quickly.

1. Outsource Information Technology Needs
Right now, businesses are struggling to do more with less. By outsourcing technology needs such as IT Support, Website Hosting, and Computer Networking, any business can get the benefits of having a full-time IT staff at a fraction of the cost. In addition to saving money, outsourcing technology needs saves valuable time, giving business owners and employees alike the freedom to focus on profitable daily operations.

2. Evaluate Current Software
Businesses that haven’t taken the time to evaluate their software may very well be missing valuable opportunities to streamline certain processes. By assessing the effectiveness of current technologies and identifying areas in which productivity can be improved, businesses can significantly increase their overall effectiveness. In fact, the right customized software solution can remove 20-50% of a company’s excess labor. Any way you look at it, decreased labor means decreased costs for businesses.

3. Conduct a Website Audit
The virtual storefront of a business, a website has the potential to attract qualified customers and as a result, boost revenue. However, issues with design, usability, and functionality can hinder a website’s ability to convert site traffic into customers. A website audit conducted by a qualified professional can help businesses identify ways to increase revenue, transforming an unprofitable site into a lucrative resource.

4. Monitor Computer Systems
When technology fails, businesses lose money in the form of lost productivity, lost sales, and costly repairs. By having their computer systems monitored round-the-clock, businesses can identify and resolve technology issues before they result in unnecessary maintenance costs and lost revenue. Investing in a monitoring service now can help to save any business from incurring the high costs of a future technology failure.

5. Integrate Business Systems
In the current economic climate, no business can afford to waste time or manpower. When employees spend time entering the same data into separate software applications, productivity can suffer. Integration with multiple business systems can cut costs by reducing the need for redundant data entry and making necessary information readily available.

Source: CIO

Related Websites

• An Easy Way To Begin A Home Online Businesses With Turnkey Websites Everyone is wanting to make odds of money online a good way. From the start of Internet people get ways to work with the Internet to make income from your home. The solely thing you should get started can be a Internet network. There are a large number of opportunities......
• Learning More about the Paper Money World of Collecting Whenever you are looking to collect currency, there are many different forms that your collecting can take. One of the main forms that you will be able to collect through is paper money world currencies. These are the currencies which have been generated around the world over time. While there......

Comments (0)

Europe beats US in the number of outsourcing deals

Mar 23

Recent report from TPI shows that Europe finally outruns US for outsourcing deals but sees a slowdown during recessionary times. There were a record number of outsourcing contracts signed by European companies during 2008 despite a 50 per cent fall in the value of deals in the second half of the year, and only one [...] [...more]

Posted: under Outsourcing, Software outsourcing.
Tags: IT outsourcing, outsourcing contracts, TPI research

Recent report from TPI shows that Europe finally outruns US for outsourcing deals but sees a slowdown during recessionary times. There were a record number of outsourcing contracts signed by European companies during 2008 despite a 50 per cent fall in the value of deals in the second half of the year, and only one significant mega deal signed during the 3rd quarter.
Worldwide, IT outsourcing deals were worth up to 72bn Euro which is more 5.6 per cent than those signed in 2007. The number of contracts in Europe rose by 17 per cent year on year and for the first time Europe outruns the US with 55 per cent of signed deals, compared to just 32 per cent in the US. The number of European deals hit 271, compared to 243 across the Atlantic.
According to Duncan Aitchison, president of TPI research company, such high results were achieved mainly because of the strong first half and in particular through the level of mega-deal activity in the region, which awarded two-thirds of the world’s $1bn-plus contracts last year  but as the global crisis hit hard business in Europe fell by 50 per cent in the second half of the year and the value of contracts awarded in Europe dropped significantly. According to the report new outsourcing contracts in Europe fell from 75 to 56 in the 2nd to 3rd quarter of this year with total contract value decreasing from US$18.5 billion to US$5.5 billion and that weakness continued into the fourth quarter, and looks likely to remain into the first part of 2009. Read more…

Related Websites

• Perth Mint Suspends Orders For Gold Bullion As a follow-up to my previous 2 posts on gold, here's a news article about the Australian Perth Mint suspending orders for gold bullion until January. Apparently having it's workers slog 7 days a week isn't enough to meet demand! FEARS of the unknown long-term effects from the global financial......
• Buying A Stock For Its 16% Yield Since I decided to kick the old job (which was a hard habit to break), I'm going to be more reliant on my passive income. Part of my passive income comes from Canadian Income Funds, some of which pay out over 16% in annual yields. They pay out the dividends......

Comments (0)