IT Budgeting
As an integral part of your business’s financial planning, IT budgeting is imperative to tracking and controlling your IT expenses and strategizing ways to optimize and save money wherever possible. It serves as the backbone for several critical company initiatives and helps allocate resources necessary for the entire year’s business plans.
IT budgeting can boost your business productivity and ensure that you make lucrative business decisions. It can help you focus on updating your technology and attract more customers.
What Is Included in an IT budget:
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IT Personnel
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Software — Tools used to run day-to-day business operations such as CRM software and security software like AV/AM
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Services — Server hosting, implementation of services like Microsoft 365, network maintenance
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Subscriptions — Subscriptions for Webex, Office 365 and so on.