Resolve to Use Less Technology in 2019

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I'm not a fan of New Year resolutions. Unless of course, it includes a quick way to reduce business expenses. So, if you are looking for a way to reduce the cost of your technology investment, here is an easy way to assess your investment in software in 2019.

There was a time when software was delivered in a box. Inside you would find a book or manual, along with a set of disks or CDs. Now you pay-as-you-go for something known as Software-as-a-Service (SaaS). It's much easier, not only to acquire and maintain but unfortunately easier to lose track of just how much you're spending each month.

Each year on January 15th we celebrate the anniversary of our very first Digital Tools Assessment. While performing this software inventory for a new client, my team discovered the new client was spending $5,000 a month for a program they didn't need. While your results may vary, investing a small amount of time in an inventory of your technology often pays big dividends.

Digital Tools Assessment

The first part is easy: Inventory what you've got. Grab your last bank statement and simply highlight all of the software subscriptions. Some may have cryptic titles or descriptions, so if they list a phone number give them a call. After working your way through your software list, total them up to arrive at a true cost of your monthly subscriptions.

Once you know what you're spending, it's time for the second part: What's working, what's not. During our first assessment, we were shocked to learn that the client neither understands the actual costs, nor the value of their investment. Go back through your bank statements. For each item you highlighted, determine if the software is working. Is it providing value to your bottom line? 

Immediate Savings

Taking inventory and asking a few simple questions often leads to immediate savings. This process above can help you stop paying for software that you no longer need or doesn't work, and can lead to immediate savings for your company. 

Resources

Our Digital Tools Assessment goes beyond the simple inventory outlined above. Our professional assessment extends beyond a monthly inventory to include your annual subscription renewals. We evaluate each program to determine, if you need it, if it's working, and if it makes your team productive? 

We identify what should stay, and what should go. We then evaluate your business operations to identify what’s missing, what you need and how to acquire the right technology.

Give us a call at 904-566-8325 to learn how we can increase the value and reduce the cost of your technology investment. And Happy New Year!