I understand that as a CFO, you have a lot on your plate. The business industry is an ever-changing world that keeps you on your toes. You have to stay on top of the wild ride that technology has taken us all on. It happens all the time, a CFO and his IT team get so busy in their work that they fail to realize that they aren’t getting the most out of their technology.
There are many reasons that you could fail to realize that the technology that your company is using is not fulfilling its intended purpose, especially for the price you’re paying for it. Many companies are paying for phone lines that they don’t even use while other companies are receiving overcharges on their invoices and don’t even realize it. I completely understand how easily this can happen. When you have your mind on other things 98% of your time, it’s hard to keep track of the technology in your company.
Today, we are going to discuss the struggles that CFO’s face with the ever-changing world of technology and what they can do to fix it.
You can’t make the switch
Making the switch as a company to different technologies can be a long and exhausting process. Figuring out how to utilize that technology can be even harder. There is no question that normal is comfortable and there is absolutely nothing wrong with that. But, what if there is a technology out there that could transform your business? It may be a hindrance to attempt to switch to that technology, but it may be very worth it for your company.
That goes without saying that not all companies that adopt new technologies reap the benefits from it. Therefore, it’s important that you develop an exit-plan during the implementation process. If the new technology is not benefiting you in the way you had hoped, you need to have another option.
IT Department is Chaos
You might think that it is your IT department’s job to keep track of all the technology in the company and make sure that you have the right plans. However, if you read our previous blog about the chaos that surrounds IT departments, you would realize that your IT department is already drowning in projects and tasks that it is nearly impossible to focus on anything else.
The fact of the matter is, someone needs to be keeping track of the technology in your company because we know that your technology is at the heart of all the transactions, processes, information, and efficiencies that surround your company. It is imperative to your company that the technology that you’re using is giving you the largest benefit that it can. It is also vital that you’re not overpaying for that technology. Outsourcing the reviewing of your invoices and data infrastructure to a third-party could give you an objective look into the substructure of your company and an amazing money-saving opportunity.
You’re Too Busy
I understand how complex and difficult your job as a CFO is. You’re most likely running around all day long. From meetings to conference calls, you can barely find time to sit down and enjoy your lunch. It’s completely reasonable that you don’t have the time to intricately sift through your invoices to make sure you’re not being overbilled for the services you are receiving. It is very easy to overlook the fact that you are losing money on your data plans when you can’t actually see it happening.
That is where Espy Services comes in. Espy is here to take the burden completely off of your company. We understand the time factor that comes with trying to review your own invoices. It just takes too long. Here at Espy, we have professionals who are trained to find every penny of savings in your invoices while you sit back and watch. We take over the reins, which gives you more time to devote to the important work that you should be doing.
All of these things can contribute to the problems that almost every CFO faces. All of these problems can be fixed by one simple cost review. You don’t have to worry about your new technology, it will take the pressure off your IT department, and it frees up your time to do the meaningful work that we know you would rather be doing. Ultimately, we just want to take the pressure and angst of creating an efficient company infrastructure off of your shoulders. We are happy to carry that burden for you.
As always, thanks for reading. Have a wonderful day and enjoy yourself. We will see you next week.