5 Cost-Saving Technology Solutions: Ways to Reduce Your Overhead
Keeping overhead costs under control is a constant challenge. Here’s where cost-saving technology comes in as a game-changer. It offers a trove of solutions specifically designed to streamline operations and reduce your financial burden. While some companies are choosing to stay in a hybrid or work-from-home model, one study does suggest that 90% of companies with office space plan to implement return-to-office (RTO) policies by the end of 2024, which can definitely add to your overhead costs! Whether you’re managing a remote team or seeking to optimize your in-office space, this blog post dives deep into 5 cutting-edge, cost-saving technology solutions that can significantly slash your overhead costs.
What are Some Typical Overhead Costs for Small Businesses?
- Office Space: Rent, utilities, furniture, maintenance.
- Payroll: Salaries, benefits, payroll taxes.
- Technology: Hardware, software, IT support.
- Marketing & Advertising: Website maintenance, online ads, print materials.
- Supplies & Equipment: Office supplies, printing cartridges, computers.
5 Cost-Saving Technology Solutions to Reduce Overhead
If you are interested in reaping the benefits of reduced overhead costs, review our tips on how to leverage technology to your advantage. Here are 5 cost-saving technology examples:
1. Create a Location-Flexible Work Environment with Cloud Services
Did you know that businesses can save up to $11,000 per year for every employee who works from home at least part-time? As a business owner, you know that outsourcing to remote workers and creating a location-flexible work environment is considerably more cost-effective than maintaining a traditional office work environment. The challenge is determining which tools are most effective at reducing operational overhead while ensuring work is getting done. One solution may be cloud services.
Expect lower implementation costs and minimal maintenance. With consumption-based autoscaling, you’ll only pay for the resources you use, making this a great cost-saving technology to add to your tool belt. These benefits are key to reducing capital expenses and improving productivity. Your workforce will be able to work, collaborate, and securely access the data they need from anywhere in the world.
2. Slash Costly Phone Bills with VoIP
It’s not uncommon to think of your office phone system as an unavoidable business overhead expense. However, if you’ve been using the same telecom technology for years without evaluating newer alternatives, you’re almost certainly paying more than you should. By cutting your landline connection and switching to Voice over Internet Protocol (VoIP) technology, you can make calls via a broadband internet connection. You can save as much as 50% on VoIP technology, depending on your current system and carrier.
Another key benefit of VoIP is mobility. Your employees can travel anywhere in the world and use their phones to make and receive calls. There are also no additional charges for adding, moving, or changing lines.
3. Spend More on Mobile Devices
Another way to lower overhead costs with cost-saving technology is with mobile devices. If you’re looking to slash costs and increase business communication, it’s time to invest in laptops, tablets, and other forms of mobile workstations. Not only are mobile workstations considerably more power efficient than desktop computers, but laptops and tablets are also designed to be easy to use. Your remote workers and your bottom line will thank you.
4. Boost Cybersecurity Services
Data breaches and cyberattacks are a constant threat to small businesses, with the potential for financial devastation. While implementing robust cybersecurity measures is crucial, building and maintaining an in-house security team can be a significant cost burden. Here’s where partnering with a reputable cybersecurity services provider can be a game-changer.
By partnering with a trusted security expert like Aspire Technology Solutions, a leader in the Denver cybersecurity landscape, you can gain access to the expertise and advanced tools needed to effectively protect your business without breaking the bank. This is a prime example of cost-saving technology in action. Cybersecurity services providers offer a cost-effective solution for small businesses to achieve robust protection.
5. Outsourcing Additional IT Services for Small Businesses
Building and maintaining a full-time IT department can be a significant expense for small businesses. However, neglecting your IT infrastructure can be even more costly in the long run. Here’s where outsourcing additional IT services can be a valuable cost-saving technology solution.
By partnering with a trusted IT service provider like Aspire Technology Solutions, you gain access to a pool of IT professionals without the burden of full-time salaries and compensation packages. Aspire offers a range of services tailored to the specific needs of small businesses, including:
- Hourly IT Services: Receive expert IT support on an as-needed basis, eliminating the need for a full-time IT staff and associated overhead costs.
- Project IT Services: Offload complex IT projects like network upgrades or cloud migrations to a team of experts. This frees up your internal resources to focus on core business activities while ensuring the project is completed efficiently and cost-effectively.
- Cloud Solutions: Leverage the flexibility and scalability of cloud-based IT infrastructure. Aspire can help you migrate to the cloud, reducing the need for expensive on-premise hardware and ongoing maintenance costs.
- Microsoft 365 Solutions: Go beyond basic deployment with expert management, security enhancements, and cost analysis to maximize the value of your Microsoft 365 investment.
- Strategic Assessment: Gain valuable insights into the health of your IT infrastructure and develop a roadmap for efficient and secure IT management over time.
Unleash the Power of Cost-Saving Technology Solutions with Aspire
The relentless pursuit of cost reduction is a constant battle for small businesses, but fear not. Cost-saving technology solutions are available, and they’re not going anywhere. Take the first toward reduced business costs today. Research the solutions discussed in this blog or contact Aspire today to craft your personalized cost-saving technology roadmap.
