we’ve been asking, “what’s the best way to economize on technology costs in this economy?” and you’ve been answering…
gary c. crouch, cpa.citp, mcp
president
the best thing is to spend wisely. technology is an investment which needs to be planned and focused on roi. although you can often put off the investment, an organization should understand the lost opportunities they forego.
initially, an organization should review where they need to make changes in order to be better; more effective and more efficient in solving their customer’s needs. prioritizing these needs based on the benefits to the organization and their customers provides a road map to success. cash flow may not allow all changes to be made immediately, but the prioritization shows the organization what benefits they loose by not making a change.
so the decision becomes if i put off the investment for 12 months, what have i cost my firm? does this make sense based on our vision? spending wisely, according to a plan with documented benefits will serve the organization not by saving money, but by making the firm better.