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IT spend and risk prioritisation

Is your IT spend actually reducing risk?

Background

Many SMEs spend plenty on IT but still have serious gaps.

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.
  • 03Look at your IT contract renewal date. Within 90 days = peak negotiating leverage.
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