- Paweł Kruszec
Cost optimization in the company
How to do it?
Cost optimization in a company during the era of digital business means increasing business efficiency through thoughtful investments in broadly defined technologies and implementing proactive processes.
Such actions are crucial due to the model in which companies often fall into the trap of the “this is what we have always done” mentality. This type of strategy can create certain internal barriers within the organization. Therefore, CIOs must work closely with business leaders and CFOs to identify and eliminate these barriers.
First of all, the systematic development
In order to develop, optimize costs, and build competitive advantages, modern companies must follow trends. It is thanks to them that efficient management of key processes, such as production or general organization of work, is possible, which in turn is responsible for the continuity of business operations and shortening the supply chain.
The implementation of appropriate solutions, such as ERP, CRM, or logistics systems, and proper preparation of IT infrastructure for key business applications significantly reduces the risk of downtime, which can be a source of losses.
What drives capital expenditures, and what allows a company to optimize costs?
The purchase and maintenance of IT infrastructure is often a fundamental element of investment costs in many companies. However, this is not always the best solution. There are alternative models for acquiring IT in the company available on the market, such as cloud computing, which provides the possibility of cost optimization and contributes to increased data security – says Robert Czarniewski, CFO, Vice President of Polcom.
Among the key benefits of cloud computing services, cost optimization in the company can be mentioned. By choosing this solution, companies do not have to allocate funds for the modernization or expansion of IT infrastructure. Cloud computing, through a subscription-based payment model, also facilitates predictability of operational and investment costs.