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Technology impacts every aspect of your organization. From human resources to accounting, technology is critical for business success. Budgeting for technology can be difficult because it is so far reaching within an organization.
To help alleviate technology funding and budgeting, below are a few general rules to help you navigate the maze.
Technology Must Haves
Your technology budget must include certain items based on your organizational structure. Don't let the gadget allure trap you. A few must have budget items include:
- New computers for new employees
- Replacement computers for existing staff
- Software upgrades – if you're two or more versions behind, you need to upgrade
- Printers, scanners, and fax machines
- Aging file server replacements
- Network equipment such as routers, modems, and firewalls
- Technology training
- Accounting system upgrades
- Website upgrades, maintenance
- Technical support
- Connectivity support (email, website, internet connectivity)
- Technology planning support
These are routine "must budget for" items. One typical item organizations fail to plan for is staff training. You get the latest computers, software, and support but employees aren't productive because they don't know how to use the equipment.
Read the article here: Technology Funding – Rules of Thumb
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