Hidden Cost-Saving Measures
The global economy is set to shrink an unprecedented rate of 4.4% over the course of next year, something that was not seen since the great depression. Businesses, regardless of the size, are looking to innovative ways to save costs. Not every company has the necessary capacity and capabilities to go through organizational transformation. So here are 3 hidden yet simple cost-saving measures that you can implement with minimal effort but to great effectiveness.
IT Infrastructure
IT Infrastructure is often overlooked during finance reviews and budgeting. Working with a professional IT consultant to review your current network and software services can give you a comprehensive insight into whether these services are necessary and even renew them at cheaper than retail prices. These cost savings can range from anywhere from 5 to 15%. This measure is something that can be done imediately and has an instant effect in cost savings.
Outsource IT Support
Recently, John Lewis outsourced over 100 roles to tech firm Capgemini as part of its IT restructuring. Big or small, any company can obtain economies of scale by outsourcing IT roles. For the cost of hiring one IT support technician, you get the experience and expertise of an entire team of IT professionals. They can also offer man other cost-saving measures such as integrating email servers, cloud data storage and more.
Re-thinking Office Space
Many of us were new to decentralization of office spaces and telecommunication. Although this was an enforced measure, this provides a good opportunity for companies to re-think their office spaces. Save costs in office rentals, IT peripherals, reallocation of manpower and more.
There are many other cost saving measures that have been popular recently with the current recession and digitalization of industries. IT Easy Co has assisted numerous clients reach their cost-saving goals. Interested in how you can achieve these goals as well? Give us a call and the first consultation is free!
