Business System Solutions > Budgeting & Cost Control

Budgeting

How often are you required to submit your budget? Annually? Quarterly? Monthly? Regardless of your commitment, preparing your department’s budget is a time consuming exercise that most IT departments are not sufficiently staffed (or sufficiently educated) to perform.

Improperly allocating your costs between expense and capital can have a significant impact on your operating dollars. Also, improperly coding an acquisition as an expense or capital item can have a significant impact on your financial audit.

The professionals at Cynthia Farren Consulting have significant experience and expertise from working in both the Finance and IT departments of public companies. Not only can we assist you in your budget projections and preparations, we can also assist you in preparing your budget presentation to receive executive buy-in.

Cost Control

There are a significant number of potential areas within your company’s IT function where you could be losing hard-earned dollars by money being spent unnecessarily. Things like improperly planned software licensing requirements, unnecessary communications costs due to unmanaged contracts, and lack of leveraged purchasing for technology are all prime examples of "leaks" within the system where you might be losing revenue. And without a trained eye, very often these leaks can go undetected and the losses just keep flowing… out of your company.

CFC has been plugging these types of leaks for companies for many years. Call us today to discuss how we can help you. We’ll come in and do a thorough analysis of your business, your software position, and your internal systems. We’ll help you plug those costly leaks and then implement internal systems to prevent such losses in the future.