Intelligently reducing costs
In today's rapidly changing business landscape, enterprises are facing increasing pressure to reduce costs while simultaneously improving their IT capabilities. To address these challenges, cost optimization programs have become increasingly important for IT departments within enterprises.
The team at Spektra Analytics has specialized in cost optimization and cost out programs focused on IT costs for more than 10 years. These programs help to identify and eliminate unnecessary expenses, reduce operational costs, and optimize IT investments.
The cost out agenda is typically initiated at all enterprises from time to time, and is typically driven by a combination of external and internal factors.
star_rate+10 years of experience
The team at Spektra Analytics has specialized in cost optimization and cost out programs within the IT industry for more than 10 years. gps_fixedTargeted
savings
Through the cost out programs, we help identify and eliminate unnecessary expenses, reduce operational costs, and optimize IT investments. Reducing
complexity
Our team of experienced consultants analyzes all aspects of an enterprise’s IT infrastructure, applications, and operations.
Comprehensive approach to cost optimization
Our approach is based on a top down analysis, where both potential savings but also ease of implementation is considered when presenting a cost out catalogue. We help clients identify areas of potential cost savings and show them significant levers that can be used to achieve these savings. We take a comprehensive approach to cost optimization, analyzing all aspects of an enterprise's IT environment and identifying opportunities for improvement.
The cost out catalogue is customized the for individual client and consist of both OPEX and CAPEX savings. Prioritize short term versus long term
Prioritizing short term savings versus long term savings is important when looking at the cost out initiatives. A renegotiation of a contract could yield immediate savings, whereas outsourcing internal operations might take time to materialize and have significant upfront investment before the savings are archived.
Prioritize according to OPEX versus CAPEX
Separating cost out initiatives into OPEX and CAPEX can provide transparency into how savings can be targeted. Timing will have a significant impact on CAPEX savings, so it is important to have a clear understanding of the different initiatives.
A software infrastructure optimization could result in future savings on the investment in new licenses whereas a software contract renegotiation could result in lower run costs due to
2 bDKK+
Savings from Cost Out programs
Above 50%
Coverage of C25 enterprises
Five steps for initiating a Cost Out program
1. Take control: Make sure to take control of the Cost Out exercise, to avoid “We are here from headquarters to help you”
2. Be prepared: Even if a Cost Out program has not yet been formulated, nearly all IT departments are faced with savings targets or increased workloads from digitization initiatives
3. Align with expectations: It is important to align with C-level expectations with regards to how quickly and how much the Cost Out program should bring to the table
4. Determine process: It is important to set up proper governance and draw up the processes for successful implementation of the Cost Out program
5. Stay updated: A Cost Out program may be outdated in a few years, due to the rapid evolution of the IT market, so it is important to stay updated to remain competitive
