How to maintain financial control of IT in crises?

 Although IT provides great benefits to the corporate routine, we know that the area also requires considerable expenses and investments, so maintaining financial control is essential in times of crisis.


Therefore, avoiding the waste of resources is a key point to keep technology integrated into your work environment without taking risks. This is only possible through IT financial control. Here's how to put it into practice:


Analysis of the current scenario

As we explained in this content, it is essential to take a critical look at the current scenario to identify what needs to be analyzed. Therefore, the first step towards effective IT financial control is to identify external problems that are directly impacting the company. At the moment, we have faced social isolation and remote work, which has directly reflected in the purchasing power of society and transformed consumption habits.


That is why it is necessary to assess the situation and understand how the financial crisis will impact IT expenses in the short, medium and long term. Is your company needing to invest in new tools to allow a safe and agile home office for employees? All of this must be considered in the projections and analyzes carried out.

Assessment of current resources

New needs and demands are emerging with the crisis, but what about the fixed costs that your company already has? Are they being considered? Put the current budget, all entries and exits, at the tip of the pencil.

IT Analyst has to recognize the areas for improvement within IT infrastructures. They have to participate in team meetings actively and give intelligent inputs to improve efficiency. 

It is also possible that you identify all the strengths and weaknesses your IT is facing today. This is critical to assess your company's current technology situation. To assist you in this mission, we suggest that you use our checklist of IT strengths and weaknesses.


It is also necessary to make projections to identify spending trends for the coming months. Use technology to your advantage, through data analysis, it is possible to make more accurate predictions about the future and ensure better financial control.

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