Background
Many SMEs spend plenty on IT but still have serious gaps. Money is being spent — it's just not being spent on the right things.
Questions to ask yourself
- Are we paying for tools we don't use?
- Are we paying suppliers without getting meaningful reporting?
- Are we underinvesting in the basics?
- Are we buying new software while old risks remain?
- Where would £5k, £10k, or £25k reduce the most risk?
What you can do today
Audit your IT line items
Three actions.
- 01Print your last three IT invoices. Beside each line item, write: what business risk does this reduce?
- 02Ask your IT supplier for a categorised invoice.
- 03See the budget priorities page for a sequenced spending plan at different budget levels.