You should be well into planning your 2018 budget by now. As you are thinking about strategic investments, consider how you can leverage technology to improve customer service, make your employees more productive, and possibly save money. Your IT budget is as crucial to your growth in 2018 as marketing or new hires. Here are a few considerations for next year’s technology budget.

  1. Network Upgrade
    Your network is the backbone of your technology infrastructure. Growing demand for high bandwidth activities including Communications and Collaboration, Call Center and Cloud Backup all require a bullet-proof network. We offer free network assessments or Telecom Expense Audits to see if we can save you money on your communications and networking costs next year.
  2. Fixed Priced IT
    Do you have a Managed Services plan to augment your technology infrastructure? You might be able to benefit from a fixed IT services model. By proactively monitoring and managing your infrastructure, your systems will work better and your cost of systems updates and support will be fixed.
  3. Cloud Computing
    The economic model of Cloud Computing allows companies to avoid unnecessary capital expense  and use operating expense to subscribe to a range of Cloud Services. Software as a Service (SaaS) provides the latest version of your popular productivity applications, and Infrastructure as a Service (IaaS) offers a consumption model for scalable computing power.
  4. Data Protection
    Cyber threat, privacy data breach, human error and natural disasters can put your business at risk. You will need a solid data protection plan to avoid the unnecessary downtime, fines, legal fees, and loss of reputation associated with data loss and security breaches.

There are many ways to invest in the future of your business. Technology infrastructure is one of them. Consult your technology advisor now to get input on your planning for next year.

Here’s the process from a CPA’s perspective.