Bleeding Expense Budgets

Odd enough, but in this day and age, one would think that every IT department has a strong understanding of their spending. After countless conversations with IT managers and directors, I found that 8 out of 10 have line items in the detailed trial balance that they cannot identify. Essentially speaking, they have expenses that are based on legacy sun downed systems and maintenance agreements. We have all seen duplicate spend, duplicated data, systems, software, etc. that overlaps efforts, saves duplicated data files, just to contribute to the morass of “systems” and data redundancy.

Instead of searching for a way to secure new funding for the right system in the right place for the right business purpose, we should consider funding such business enabling technologies from the consolidation of our existing IT spending. Something as small as a maintenance agreements and support contracts can easily fund such a business changing product like the HCOP.

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