Five Smart Ways to Spend your Leftover IT Budget

By: Doug Kittrell
Date: November 09, 2016

If you have money left over, you aren’t done with your budget yet. Letting unused budget dollars go to waste can signal to budget-makers that there’s room to cut in IT. Strategic investments that align technology with business requirements show the value of IT and can bring fundamental change. Here are some ideas to use your budget effectively:

Build your growth plan

What better way to celebrate the end of the year than to plan for your future? Take the time to uncover opportunities to improve processes, reduce costs, and achieve your business goals. Business Process Assessments can highlight functionality you already have that you’re not leveraging and allow you to align additional technology investments with your long- and short-term goals. A comprehensive assessment that starts with understanding your business and technology needs can establish a roadmap to success for your company.

healthcare moneyGet your upgrade scheduled

Staying current with your technology investment ensures access to support and maintenance. With Infor Version 9.0.1 set to decommission May 2017, it’s time to get your project on your vendor’s schedule. Ensuring software is up-to-date means you can take advantage of new functionality and feature enhancements. Avaap Acceleration Tools bring speed and agility to the upgrade process, reducing resources required and time to value. Looking to get off the every two years upgrade cycle? Consider moving to the cloud where upgrades are handled by the vendor, simplifying the upgrade experience.

Automate testing and streamline test processes

Investing in an automated testing solution can deliver incremental ROI and process improvement today and in the future. Automating repetitive testing tasks frees your business from time-consuming testing activities while increasing visibility into test processes. Automated testing is more thorough, accurate and delivers a repeatable approach for more streamlined testing. When used during an upgrade, it can reduce the upgrade schedule by four weeks or more. Using an automated testing solution like Avaap Test Automation also allows for more comprehensive testing during patching, ensuring software works as intended.

Engage a managed services partner 

In most organizations, nearly three-quarters of the IT budget is spent on maintaining systems. With a managed services partner, you’ll spend less time and resources to keep things running and more time on strategic development of your business and gain access to the resources and experience you need. Organizations running ERP financial management in the cloud also benefit from managed services. While cloud alleviates much of the application administration, someone still needs to manage the solution. A partner fluent in the languages of Infor that understands the requirements of managing cloud can accelerate issue resolution and uncover optimization opportunities. Managed services combined with a system upgrade can help reduce operating costs, improve productivity and increase spend to value of your IT investment.

Leverage the experience of a certified partner

Having a partner who understands Infor software and the underlying technology and takes the time to get to know your business, processes, and systems will be able to highlight optimization opportunities and how they can impact your business. Avaap brings experience from across multiple engagements, including best practices for different industries, and a strong commitment to success. Rather than leave your budget dollars on the table, turn your leftovers into leverage that aligns technology investments with business strategy.


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