The tactics for mid-term expense management typically represent opportunities for replacing solutions that have upcoming expiring contracts with more affordable solutions.
With sluggish economic rebound, it remains necessary to save costs wherever possible. One area that should be considered is application maintenance services. Cutting back on service levels, negotiating with vendors, and implementing good application maintenance processes can yield short and long-term cost reduction results with minimal consequences on day-to-day business activities.
Before beginning, companies should complete a full assessment of their current application maintenance costs including:
In this slideshow, Info-Tech Research Group highlights a variety of expense reduction techniques and their respective impacts on budget and business. These tactics are classified by the time to realize targeted savings.
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