Creating budgets for IT cannot be done in a vacuum. Every number in that budget impacts employees and initiatives throughout the organization. That’s why IT budgeting must be done in conjunction with organizational budgeting, according to the IT support experts Austin companies trust.
Why Does Budgeting Matter for IT Anyway?
IT leaders need a budget dedicated to technology and related needs. Without one, every IT expense would have to go through individual review and approval. This will slow down acquisition and maintenance needs, which can significantly impact operations.
A well-planned and reviewed IT budget is transparent to leaders throughout the organization. This makes it easier to demonstrate the value of technology to the company at different levels.
IT Budgeting Affects the Entire Company
It’s so easy to compartmentalize IT to its own budgeting silo. However, these days, technology impacts every aspect of the company. Consider these:
- Employees use smartphones, laptops, and tablets to do their jobs every day.
- The company website and social media presence are primary marketing and sales tools.
- The network keeps everyone connected, both inside and outside the company.
- Cybersecurity threats come from every direction, threatening company data and operations.
Isolating the IT budget to its own realm creates more problems than it solves, according to the experts on IT support Austin companies rely on.
It Impacts the Company’s Future
Because technology is so relevant to today’s business operations, IT strategy and budgeting impact the company’s future. Making the right technology investments can give the company the flexibility to respond to new opportunities quickly, potentially expanding the business.
The company could risk falling behind if it doesn’t make smart investments in technology. Their competition could respond faster and more efficiently to customer needs.
IT Budgeting Comes Down to Three Things
When putting together an IT budget, leaders need to keep organizational goals in mind. To make that easier to consider, the budget can be broken down into three sections.
- Daily operations – What does it take to keep the current technology running? This includes personnel, maintenance costs, licensing, etc.
- Growth – These activities expand the current technology in new areas or enhance opportunities in security, sales, marketing, etc. This can include revamping the company website to attract new customers or upgrading software to provide more features to users.
- Future opportunities – These projects allow the company to offer new products or services, build in redundancy, or leverage new technology.
Make your IT budget part of your company’s overall budget to leverage technology to advantage. For assistance, contact us at Contigo Technology. We are the experts on IT support Austin companies know they can trust with their technology needs.