The principle for SME IT investment is: first solve life-or-death efficiency problems, then talk about nice-to-haves.
The principle for SME IT investment is: first solve life-or-death efficiency problems, then talk about nice-to-haves. This article draws on our practical experience serving over 3,000 enterprise clients.
Recommended budget priority: business transaction systems > financial reconciliation > collaborative office > data reporting.
Keeping annual IT budget at 1%-3% of revenue is a common range; the key is that every dollar corresponds to a clear business return.
Plan the budget in two parts—build costs and operating costs; a budget that only counts build costs is bound to overrun.
If you are evaluating a related project, feel free to reach out—16 years and over 3,000 enterprise clients of experience may help you avoid some detours.