This eGuide will help you on your journey to managing software costs and driving full value from your investments with both strategic and long-tail software vendors.
There is good news and bad news for IT and finance leaders when it comes to technology spend in 2021 and beyond. The good news is that analyst firms are predicting growth in spending as organizations continue their transformation to support a workforce that’s hybrid by design, rather than remote by necessity.
The bad news is that many of those same leaders are under instructions from the top to cut costs. If that sounds contradictory, it is. But, then again, it isn’t.
Technology spending is no longer the preserve of IT departments. Lines of business are increasingly self-selecting and self-funding the technologies they feel they need to be productive and innovative. This trend was already in motion well before 2020, but the last 12 months saw a marked increase in what used to be labelled ‘shadow IT’ but is now simply ‘technology spending’.
With software expected to account for around 30% of business technology spending in 2021, it’s an obvious area to prioritize in terms of managing costs.
Source: Spiceworks Ziff Davis, The 2021 State of IT
This eGuide will outline three key steps you can take to gain control of software spend by applying the right approaches to cost management: Cost Cutting, Cost Optimization and Value Optimization (it will also explain why these are not one and the same thing).
Rationalize and renegotiate
Right-size it
Realize full value from it
Each phase represents an iterative process, a gradual progression that starts with finding ways to cut waste and ends with identifying opportunities to drive full value from your investments.
In this guide, you’ll learn:
Where to start looking for cost savings
Strategies for exercising cost optimization and how to differentiate these from cost cutting
How to ensure your organization is fully benefiting from the investments you’ve made
