Episode #8: In this episode of the Business Technology Podcast, Scott and Alec discuss the importance of auditing IT expenses and identifying redundant tools within a business's technology stack. They emphasize the need for businesses to evaluate their existing subscriptions, particularly those related to Microsoft tools, to avoid unnecessary costs. The conversation includes practical steps for conducting an IT audit, real-world examples of cost savings, and the significance of maximizing technology utilization to enhance business efficiency.

Takeaways:

Audit your existing IT stack to find duplicate tools.
Microsoft offers many tools that can replace paid subscriptions.
Encourage employees to use Microsoft Teams for collaboration.
Collect all invoices to understand recurring charges.
Categorize tools into collaboration, security, and productivity.
Check existing platforms for included tools in your subscriptions.
Find an MSP to help with IT audits if needed.
Avoid paying for licenses of employees who have left.
Set an annual reminder to review IT expenses.
Train your team to fully utilize the technology you invest in.

Chapters:

00:00 Introduction to Cost-Saving Strategies in IT
02:53 Identifying Redundant Tools in Your IT Stack
05:48 Auditing Your IT Expenses
08:48 Maximizing Technology Utilization
11:51 Real-World Examples of Cost Savings
14:26 Conclusion and Final Thoughts

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