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We help clients
Focus on Technology Value, not just Price
Our IT budgeting framework illuminates your IT priorities and optimises IT spending aligned to business goals so every dollar and technology ROI is maximised for innovation and growth
Boost Competitive Edge and Market Position
IT and budget consulting that guides leaders to invest in the right technologies to improve operational efficiency and customer engagement, spearhead innovation with data-driven decision-making
Identify and Reduce Unnecessary IT Expenses
Stay on top of IT budget with periodic budget analysis together with technology and business process reviews to locate potential cost-saving prospects and pinpoint unnecessary expenditures
Save Money with Government Grants
Advice on the suitability and eligibility of various government schemes and grants to offset technology costs and efforts.
These include CTOaaS, EDG funding, InvoiceNow, CISOaaS, Data Protection Essentials, DSI, and more
Why is IT Budgeting important?
Insufficient IT investment can compromise productivity, customer satisfaction, employee experience and growth opportunities. Over spending on the other hand ties up critical cash that could be more effectively utilised elsewhere.
The key is achieving the right balance. At RSM, we assist business leaders with a holistic IT framework, agile budgeting, and strong IT governance to not only prevent financial wastage but also positions the organisation to seize new opportunities, drive innovation and maintain a competitive edge.
Key areas to consider in formulating your IT Budget?
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Capital Expenditure Planning (CapEx): Funds for acquiring or upgrading fixed IT assets, such as computers, screens, printers, network servers, etc
- Operational Expense Forecasting (OpEx): Budget for recurring expenses, such as ongoing maintenance, support services, software subscriptions, IT overheads, and manpower cost
- Innovation and Performance Enhancements: Resources for exploring and integrating new digital solutions and applications to boost productivity, collaboration and smarter decision making
- Security and Governance: Align cyber and data protection measures and costs to your risk profile, regulatory compliance requirements and the cost of a potential data breach
- Skills Development and Training: Cost for training programmes to keep the IT team and general workforce adept with the latest technology, cyber threats and trends
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Available Government Schemes and Funding Support: Tap on the latest government initiatives and grants to offset the rising cost of technology adoption and management
How much should I set aside for technology?
How RSM can help with IT Budgeting Consulting?
- We start by reviewing and understanding your current IT expenditure and budgeting process to see if there is a need to adjust or reallocate spending.
- To identify and align your IT requirements to current and future needs, this is followed by an assessment of the current use of technology tools and your development plans.
- Our consultant will then recommend improvements to the IT budgeting approach and outline a framework to help prioritise IT initiatives and expenses to maximise technology ROI.
- We will also discuss the suitability and eligibility of various government grants to offset technology costs and efforts; and
- Provide guidance in grant application, where applicable.
- For a holistic IT and budgeting strategy, we also provide on-going advisory and managed services to ensure continuous monitoring and adaptation of technologies to align with the dynamic nature of your business and the technology landscape.