How important is IT to your SME?

A new survey has placed an intriguing spotlight on the role that IT plays for SMEs in modern-day Britain, with the results suggesting that many companies may not be as reliant on technology as they may have initially thought.

SolarWinds, a provider of IT management software in the UK & Ireland, questioned 500 IT decision-makers in SMEs across the UK & Germany.

More than three quarters of the companies surveyed indicated that as much as 12% of the software they have purchased goes unused. So, do we place too much importance in IT equipment? Could many companies run their business on a much tighter budget in this regard? 

The power of renting/leasing

We recently flagged up the value of renting/leasing office equipment, including IT essentials, as an alternative to making an upfront purchase. Not only could this save you forking out unnecessarily, but it could also be a space-saver in the office and ensure that you are not climbing over various monitors and modems that are not even in use.

IT….D.I.Y-style

It is particularly interesting to note that over 30% of the SMEs who were questioned did not have anybody in a specific role as IT manager, the head of the business simply accounted for all the IT needs as part of the role. Even though this set-up would not work in a larger company, for many SMEs this is perfect. It may be worth reviewing how vast your IT needs are before you appoint anyone to a position which is largely unnecessary, this approach could save a company that is potentially struggling from committing to another wage.

Business restructuring specialists

A number of businesses may find themselves in a financially distressed situation in 2013 as numerous economic indicators suggest the remainder of the year could present obstacles for SMEs across the UK.

Seeking advice from a company insolvency specialist could make a crucial difference in terms of how your company deals with the situation, companies such as this can provide practical solutions to numerous financial problems.

If you would like to have a free no obligation chat with one of our advisers please call us on 0207 186 1143.