IT-Checkpoint
Solutions for Success
Reduce IT costs – how to survive times of crisis
The COVID 19 pandemic has severely limited the profitability of many companies. Lockdowns, social distancing, border closures and travel restrictions not only affect social life, but also affect various economic sectors. Many companies have to reduce their expenses, such as IT expenses, in order to be able to manage their finances economically.
Spending priorities have changed over the last few years and companies must respond to this.
Strategic approaches to cost optimization and innovative solutions can reduce IT costs and show companies ways out of the red.
How can you reduce IT costs?
In order to protect the company from bankruptcy even in difficult times, various measures must be taken to reduce costs.
Reduce costs
Don't freeze costs, but make sure that they are really eliminated or reduced and do not reappear later in the annual balance sheet. Pay attention to contract costs, licenses or software costs. Which contracts can be canceled? Which licenses need to be renewed and where could you save some money?
Take immediate action
Eliminate, reduce or suspend items that will burden the company's budget in a few months. Expenses that are incurred and paid monthly or quarterly rather than annually are cost traps that you can avoid. Consider which immediate measures will also have a positive impact on the budget in the long term, for example expenses that are paid on a "pay as you go" basis. This payment system is found primarily in the areas of energy and telecommunications or in cloud computing.