{"id":24353,"date":"2023-01-13T17:57:56","date_gmt":"2023-01-13T17:57:56","guid":{"rendered":"https:\/\/licensedashboard.com\/resources\/five-top-tips-for-maximizing-your-it-budget-in-2023\/"},"modified":"2025-01-10T11:45:43","modified_gmt":"2025-01-10T11:45:43","slug":"five-top-tips-for-maximizing-your-it-budget-in-2023","status":"publish","type":"post","link":"https:\/\/licensedashboard.com\/en-gb\/resources\/five-top-tips-for-maximizing-your-it-budget-in-2023\/","title":{"rendered":"Five top tips for maximising your IT budget in 2023"},"content":{"rendered":"<div class=\"entry-content\">\n         \n    <div class=\"modal fade embed_modal\" id=\"form_block-block_86135cbf49f1a68a83da2c1359f4a7bd\" tabindex=\"-1\" role=\"dialog\"\n        aria-labelledby=\"team_block-block_86135cbf49f1a68a83da2c1359f4a7bdTitle\" aria-hidden=\"true\">\n        <div class=\"modal-dialog modal-dialog-centered\" role=\"document\">\n            <div class=\"modal-content\">\n                <div class=\"modal-header\">\n                    <span id=\"team_block-block_86135cbf49f1a68a83da2c1359f4a7bdTitle\" class=\"sr-only\">Embed Code Modal<\/span>\n                    <button type=\"button\" class=\"close\" data-dismiss=\"modal\" aria-label=\"Close\">\n                        <span aria-hidden=\"true\">\n                            <i class=\"far fa-times\"><\/i>\n                        <\/span>\n                    <\/button>\n                <\/div>\n                <div class=\"modal-body p-5\">\n                                    <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n\n     \n\n    <section id=\"block-block_86135cbf49f1a68a83da2c1359f4a7bd\"\n        class=\" internal-banner-block theme-bg-image\"\n         style=\"background: url(https:\/\/licensedashboard.com\/wp-content\/uploads\/2023\/01\/LD-CCO-Website-Banner-570-x-360-600x360-1.jpeg)\" >\n                        <div class=\"container hover_bg\">\n                                                    <div class=\"row m-0 w-100\">\n                        <div class=\"col-xl-6 col-lg-6 col-md-11 col-sm-11 col-11 my-auto\">\n                                                            <h1 style=\"color: rgb(255,255,255);\">Five top tips for maximising your IT budget in 2023<\/h1>\n                            \n                            \n                            \n                            \n                                                                                        \n                                                    <\/div>\n\n                        <div class=\"col-xl-6 col-lg-6 col-md-12 col-sm-12 col-12 text-right\">\n                                                    <\/div>\n                    <\/div>\n                            <\/div>\n    <\/section>\n\n\n\n\n\n \n\t \n\n\t     <section id=\"block-block_163a07c000aa3ec7c80e93d38ad67441\" class=\"breadcrumb_holder pt-5 pb-5 p-0 m-0\">\n\t\t\t<div class=\"container\" >\n\t\t\t\t<div class=\"row w-100 m-0\"> \n\t\t\t\t\t<div class=\"col-12 col-md-12 my-auto\">\n\t\t\t\t\t\t<span><span class=\"breadcrumb_last\" aria-current=\"page\">Resource<\/span><\/span>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\n\n\n\n          \n\n    <section id=\"block-block_252f6b558c1678caad7aae0377abc112\" class=\"news-content-block\">  \n        <div class=\"container\">  \n         \n            <div class=\"post_det page-0\">\n                <p>13th January 2023<\/p>\n                <p>Michaela Gray<\/p>\n                <p class=\"cat\">\n                                    Blog<span>,<\/span>\n                 \n                <\/p> \n            <\/div>\n        \n            <div class=\"row m-0 w-100\">\n                                                                    <div class=\"w-100 row mt-4 mb-4 ic ml-0 mr-0 col-12\">\n                            <div class=\"ord-1 my-auto\">\n                                <div class=\"col-xl-11 col-lg-11 col-md-12 col-12 p-0 mll\">\n                                  \n                                    <h3 ><\/h3>\n                                 \n\n                                                                    <p><span style=\"font-family: 'Gotham Medium'; font-size: 22px;\">The importance of budgeting is vital for your organisation, and starting the year off strong is essential. Discover how to maximise your IT budget now.<\/span><\/p>\n<p>IT cost optimisation uses strategies and techniques to optimise your budget usage for the future, and involves identifying and changing any excess resources or unnecessary licences. By having an effective IT budget, you will have more money going back into the business to innovate and improve efficiency, productivity, and revenue. It\u2019s the key to sticking to your budgets and producing high revenue consistently, with a reported up to <a href=\"https:\/\/www.g2.com\/articles\/cloud-cost-management-statistics#:~:text=61%25%20of%20organizations%20plan%20to%20optimize%20existing%20use%20of%20the%20cloud%20for%20cost%20savings%2C%20making%20it%20the%20top%20initiative%20for%20the%20fifth%20year%20in%20a%20row.\" target=\"_blank\"  rel=\"noopener noreferrer\" aria-label=\"Opens in a new tab\">61% of organisations planning to optimise their cloud use for cost savings.<\/a><\/p>\n<h2>Why is it important to maximise your IT budget?<\/h2>\n<p>Cloud optimisation is a process that produces high rewards, such as reduced costs and improved productivity. However, maximising your IT budget is essential not only for reducing costs and improving productivity, but for making the most of your cloud software too.<\/p>\n<p>Cloud cost optimisation involves finding and running the most efficient cloud services at the lowest cost to ensure you\u2019re getting the greatest benefits for your money. It\u2019s essential to understand your cloud costs in order to maximise your IT budget.<\/p>\n                                \n                                 \n                                    <a class=\"btn btn-primary \" href=\"https:\/\/licensedashboard.com\/wp-content\/uploads\/2023\/03\/Infographic-Cloud-Cost-Optimization-3.pdf\" target=\"_blank\"  aria-label=\"Opens in a new tab\">\n                                        Get your free cloud cost optimisation infographic now  \n                                    <\/a> \n                                                                <\/div>\n                            <\/div>\n\n                                                                <div class=\"ord-2 my-auto\" >\n                                                                                                                                    <img class=\"wpsmartcrop-image\" src=\"https:\/\/licensedashboard.com\/wp-content\/uploads\/2014\/02\/Taking-your-SAM-Programme-to-the-Next-Level-Image.jpg\" alt=\"Two office professionals looking at data on a computer\" \/>\n                                                                                    \n                                                                            <\/div>\n                                                    <\/div>                           \n                                                <div class=\"w-100 row mt-4 mb-4 ic ml-0 mr-0 col-12\">\n                            <div class=\"col-12 p-0 my-auto\">\n                                <div class=\"col-xl-12 col-lg-12 col-md-12 col-12 p-0 mll\">\n                                 \n                                    <h2 >\n                                        How to maximise your IT budget                                    <\/h2> \n                                 \n\n                                                                    <h3><strong>1. Organisation is key<\/strong><\/h3>\n<p>Organisation is essential to making your organisation\u2019s budget stretch. In knowing exactly what features you have, what you need, and what they cost, you will understand where your money is being spent. This ensures you\u2019re able to assess and make changes when necessary to maximise your expenses.<\/p>\n<p>Keeping organised and knowledgeable about your spending is the first step towards maintaining an effective IT budget.<\/p>\n<h3><strong>2. Prepare in advance<\/strong><\/h3>\n<p>To ensure you\u2019re staying on top of your budget, keep track of your expenses ahead of time. Before making any major purchases, calculate the cost of it over the cost of all your other expenses. Make sure you catch any price fluctuations before they happen as this allows you to make adjustments to your budget accordingly.<\/p>\n<h3><strong>3. Look into the future<\/strong><\/h3>\n<p>Don\u2019t use data from previous quarters to determine your budget for the future. Price, usage, and customer numbers change constantly, so your budget should be designed to work around these fluctuations to stay efficient. It was found that <a href=\"https:\/\/www.g2.com\/articles\/cloud-cost-management-statistics\" target=\"_blank\"  rel=\"noopener noreferrer\" aria-label=\"Opens in a new tab\">93% of enterprises have a process to forecast cloud expenditures<\/a>, so if you don\u2019t have this process set up yet, we recommend that you invest now.<\/p>\n<p>Looking back on previous budgets will dilute the effectiveness of your budget, so it\u2019s essential to put the work in and plan for the future.<\/p>\n<h3><strong>4. Take profits into account<\/strong><\/h3>\n<p>If your organisation sees sales and growth, you need to take into account the increase in costs you\u2019ll experience, and budget according to that as looking at the bigger picture as opposed to solely the current state is essential.<\/p>\n<h3><strong>5. Think about the use of your resources<\/strong><\/h3>\n<p>Be smart about where you are using resources. If your IT department is handing out certain licences or subscriptions to employees who don\u2019t need them, this will incur unnecessary costs. Instead, ensure that only employees that actually need a certain product are receiving it. This means no additional, unneeded costs are being made.<\/p>\n                                \n                                                                <\/div>\n                            <\/div>\n\n                                                                                    <\/div>                           \n                                                <div class=\"w-100 row mt-4 mb-4 ic ml-0 mr-0 col-12\">\n                            <div class=\"col-12 p-0 my-auto\">\n                                <div class=\"col-xl-12 col-lg-12 col-md-12 col-12 p-0 mll\">\n                                 \n                                    <h2 >\n                                        The benefits of maximising your IT budget                                    <\/h2> \n                                 \n\n                                                                    <p>As mentioned, maximising your budget unlocks a huge number of benefits for your organisation:<\/p>\n<ul>\n<li>\n<h3><strong>Reduces unnecessary cloud costs<\/strong><\/h3>\n<p>This is the benefit most organisations hope for because reducing costs means you can focus your spending on innovations and projects that will support the growth of your organisation<\/li>\n<li>\n<h3><strong>Improves productivity<\/strong><\/h3>\n<p>Analysing your cloud usage allows you to identify the tasks your organisation manages and reduce them. This gives your IT team free time to focus on more important tasks that will improve your overall business processes<\/li>\n<li>\n<h3><strong>Improved efficiency<\/strong><\/h3>\n<p>An optimised cloud enables your employees to complete processes quicker, allowing them to meet deadlines more effectively<\/li>\n<li>\n<h3><strong>Increased utilisation<\/strong><\/h3>\n<p>By reviewing your IT budget and optimising your cloud costs, you gain greater knowledge of the cloud services available to you, so you\u2019ll be able to utilise additional services<\/li>\n<\/ul>\n                                \n                                                                <\/div>\n                            <\/div>\n\n                                                                                    <\/div>                           \n                                                            <\/div>\n        <\/div> \n    <\/section> \n\n     \n                            <section class=\"news-content-block author\">  \n                <div class=\"container\">  \n                    <div class=\"w-100 row pt-5 pb-5\">\n                        <div class=\"col-xl-2 col-lg-12 col-md-12 col-12 my-auto\">\n                                                        <span class=\"auth_p\">  \n                                <img src=\"https:\/\/licensedashboard.com\/wp-content\/uploads\/2023\/03\/Michaela-Gray_1x1.jpg\" alt=\"\" \/>\n                            <\/span>\n                             \n                        <\/div>\n\n                        <div class=\"col-xl-10 col-lg-12 col-md-12 col-sm-12 col-12 my-auto\">\n                                                            <p>Michaela has worked within the industry for over 11 years, both within sales and marketing. She works closely with the team to support them with all their marketing needs and maintains and promotes the License Dashboard brand.<\/p>\n                            \n                                                            <p class=\"name\">Michaela Gray<\/p>\n                                                    <\/div>\n                    <\/div>\n                <\/div>      \n            <\/section> \n                \n\n\n\n          \n\n    \n    <section id=\"block-block_921838bb9d65de3e79d1587d45c65476\" class=\"side-image-cta-block\" style=\"background: rgb(248,175,6);\">\n        <div\n            class=\"container-fluid p-0 align-left  hover_bg\">\n            <div class=\"row m-0 w-100 justify-content-center\">\n                <div class=\"col-xl-8 col-lg-8 col-md-12 col-sm-12 col-12 row m-0\">\n                                            <div class=\"my-auto col text-center\">\n                            <img src=\"https:\/\/licensedashboard.com\/wp-content\/uploads\/2022\/11\/Bitmap4.svg\" alt=\"\"  \/>\n                        <\/div>\n                    \n                    <div class=\"my-auto col-xl-10 col-lg-10 col-md-12 col-sm-12 col-12 pt-5 pb-5\">\n                                                                                    <h2 style=\"color: ;\">\n                                    Start maximising your IT budget now                                <\/h2>\n                                                    \n                                                    <p>Arrange a free call with one of our specialists now to find out what changes your organisation should be making to maximise your IT budget in 2023.<\/p>\n                        \n                                                    <div class=\"text\">\n                                <a class=\"btn btn-primary \"\n                                    href=\"https:\/\/calendly.com\/sean-robinson-ldl\/cloud-cost-optimization-call-with-sean-robinson\" target=\"_blank\"  aria-label=\"Opens in a new tab\">\n                                    Arrange your free call now                                <\/a>\n                            <\/div>\n                        \n                        \n                        \n                                            <\/div>\n                <\/div>\n\n                            <\/div>\n        <\/div>\n    <\/section>\n\n\n\n\n          \n\n    <section id=\"block-block_3af91460ad5ddfb61f1ea573664b6789\" class=\"more-news-slider-block\">\n        <div class=\"container\">\n            <div class=\"w-100\">\n                                                            <h3 style=\"color: ;\">Further reading<\/h3>\n                                    \n\n                                    <div class=\"more-news-slider dark-slick-arrows slick-hide\">\n                         \n                            <div class=\"item latest-news-block\">\n                                <div class=\"news-slider h-100\">\n                                    <div class=\"item h-100\">\n                                        <div class=\"bg bg-white h-100\">\n                                                                                            <img src=\"https:\/\/licensedashboard.com\/wp-content\/uploads\/2024\/10\/shutterstock_632956724-1.jpg\"                                                     alt=\"The risks of Shadow IT: how to discover and eliminate hidden threats\" \/>\n                                            \n                                            <div class=\"w-100 cont\">\n                                                <h4>The risks of Shadow IT: how to discover and eliminate hidden threats<\/h4>\n                                                <p>Understanding cloud and application migration is essential as more and more organisations begin to move&hellip;<\/p>\n                                            <\/div>\n\n                                            <div class=\"w-100 mt-auto\">\n                                                <a href=\"https:\/\/licensedashboard.com\/en-gb\/resources\/shadow-it-discover-and-eliminate-threats\/\" class=\"btn btn-arrow-dark\">Read more<\/a>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div>\n                                <\/div>\n                            <\/div>\n                         \n                            <div class=\"item latest-news-block\">\n                                <div class=\"news-slider h-100\">\n                                    <div class=\"item h-100\">\n                                        <div class=\"bg bg-white h-100\">\n                                                                                            <img src=\"https:\/\/licensedashboard.com\/wp-content\/uploads\/2026\/04\/shutterstock_2696593253-1.jpg\"                                                     alt=\"Revealing hidden software subscription complexity with License Dashboard\" \/>\n                                            \n                                            <div class=\"w-100 cont\">\n                                                <h4>Revealing hidden software subscription complexity with License Dashboard<\/h4>\n                                                <p>Discover hidden software subscriptions and overlapping licences. Gain visibility, optimise costs, and manage renewals with&hellip;<\/p>\n                                            <\/div>\n\n                                            <div class=\"w-100 mt-auto\">\n                                                <a href=\"https:\/\/licensedashboard.com\/en-gb\/resources\/revealing-hidden-software-subscription-complexity-with-license-dashboard\/\" class=\"btn btn-arrow-dark\">Read more<\/a>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div>\n                                <\/div>\n                            <\/div>\n                         \n                            <div class=\"item latest-news-block\">\n                                <div class=\"news-slider h-100\">\n                                    <div class=\"item h-100\">\n                                        <div class=\"bg bg-white h-100\">\n                                                                                            <img src=\"https:\/\/licensedashboard.com\/wp-content\/uploads\/2026\/03\/shutterstock_2604008929-1-scaled.jpg\"                                                     alt=\"ITAM and FinOps: Why it\u2019s time these two worlds collide\" \/>\n                                            \n                                            <div class=\"w-100 cont\">\n                                                <h4>ITAM and FinOps: Why it\u2019s time these two worlds collide<\/h4>\n                                                <p>Discover why ITAM and FinOps must work together to give your organisation complete visibility and&hellip;<\/p>\n                                            <\/div>\n\n                                            <div class=\"w-100 mt-auto\">\n                                                <a href=\"https:\/\/licensedashboard.com\/en-gb\/resources\/itam-and-finops-why-its-time-these-two-worlds-collide\/\" class=\"btn btn-arrow-dark\">Read more<\/a>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div>\n                                <\/div>\n                            <\/div>\n                         \n                            <div class=\"item latest-news-block\">\n                                <div class=\"news-slider h-100\">\n                                    <div class=\"item h-100\">\n                                        <div class=\"bg bg-white h-100\">\n                                                                                            <img src=\"https:\/\/licensedashboard.com\/wp-content\/uploads\/2026\/01\/shutterstock_2512678843-1.jpg\"                                                     alt=\"Why traditional SAM tools struggle in a subscription-first world\" \/>\n                                            \n                                            <div class=\"w-100 cont\">\n                                                <h4>Why traditional SAM tools struggle in a subscription-first world<\/h4>\n                                                <p>Discover why traditional SAM tools struggle with subscription software. Learn how centralised visibility simplifies tracking,&hellip;<\/p>\n                                            <\/div>\n\n                                            <div class=\"w-100 mt-auto\">\n                                                <a href=\"https:\/\/licensedashboard.com\/en-gb\/resources\/why-traditional-sam-tools-struggle-in-a-subscription-first-world\/\" class=\"btn btn-arrow-dark\">Read more<\/a>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div>\n                                <\/div>\n                            <\/div>\n                         \n                            <div class=\"item latest-news-block\">\n                                <div class=\"news-slider h-100\">\n                                    <div class=\"item h-100\">\n                                        <div class=\"bg bg-white h-100\">\n                                                                                            <img src=\"https:\/\/licensedashboard.com\/wp-content\/uploads\/2026\/01\/shutterstock_2512678843-1.jpg\"                                                     alt=\"AI in ITAM: how AI could transform ITAM\" \/>\n                                            \n                                            <div class=\"w-100 cont\">\n                                                <h4>AI in ITAM: how AI could transform ITAM<\/h4>\n                                                <p>Discover how AI can transform IT Asset Management, improving visibility, optimising licensing, reducing risk, and&hellip;<\/p>\n                                            <\/div>\n\n                                            <div class=\"w-100 mt-auto\">\n                                                <a href=\"https:\/\/licensedashboard.com\/en-gb\/resources\/ai-in-itam-how-ai-could-transform-itam\/\" class=\"btn btn-arrow-dark\">Read more<\/a>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div>\n                                <\/div>\n                            <\/div>\n                         \n                            <div class=\"item latest-news-block\">\n                                <div class=\"news-slider h-100\">\n                                    <div class=\"item h-100\">\n                                        <div class=\"bg bg-white h-100\">\n                                                                                            <img src=\"https:\/\/licensedashboard.com\/wp-content\/uploads\/2026\/01\/shutterstock_2512678843-1.jpg\"                                                     alt=\"What \u201cgood\u201d SAM looks like with the right tool in 2026\" \/>\n                                            \n                                            <div class=\"w-100 cont\">\n                                                <h4>What \u201cgood\u201d SAM looks like with the right tool in 2026<\/h4>\n                                                <p>Discover what effective software asset management looks like in 2026. Gain control, reduce waste, and&hellip;<\/p>\n                                            <\/div>\n\n                                            <div class=\"w-100 mt-auto\">\n                                                <a href=\"https:\/\/licensedashboard.com\/en-gb\/resources\/what-good-sam-looks-like-with-the-right-tool-in-2026\/\" class=\"btn btn-arrow-dark\">Read more<\/a>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div>\n                                <\/div>\n                            <\/div>\n                         \n                            <div class=\"item latest-news-block\">\n                                <div class=\"news-slider h-100\">\n                                    <div class=\"item h-100\">\n                                        <div class=\"bg bg-white h-100\">\n                                                                                            <img src=\"https:\/\/licensedashboard.com\/wp-content\/uploads\/2025\/11\/shutterstock_2385072597-2-scaled.jpg\"                                                     alt=\"Why FinOps maturity matters\" \/>\n                                            \n                                            <div class=\"w-100 cont\">\n                                                <h4>Why FinOps maturity matters<\/h4>\n                                                <p>Explore why moving beyond basic FinOps to a mature model improves forecasting, governance, and collaboration&hellip;<\/p>\n                                            <\/div>\n\n                                            <div class=\"w-100 mt-auto\">\n                                                <a href=\"https:\/\/licensedashboard.com\/en-gb\/resources\/why-finops-maturity-matters\/\" class=\"btn btn-arrow-dark\">Read more<\/a>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div>\n                                <\/div>\n                            <\/div>\n                                            <\/div>\n                                                <\/div>\n        <\/div>\n    <\/section>\n\n\n\n\n          \n\n    \n    <section id=\"block-block_5266a7de9a44b69a6f192d9232980fb9\" class=\"cta-content-block theme-bg-alt\">\n        <div class=\"container style-alt\">\n            <div class=\"row m-0 w-100\">\n                <div class=\"col-xl-12 col-lg-12 col-md-12 col-sm-12 col-12 my-auto\">\n                                            <a class=\"btn-\" href=\"https:\/\/licensedashboard.com\/resources\/free-it-health-check\/\"\n                            target=\"_self\"                                 data-aos=\"fade-up\" >\n                            Contact us for a full online demo and free IT Health Check                        <\/a>\n                    \n                    \n                    \n                                    <\/div>\n            <\/div>\n        <\/div>\n    <\/section>\n\n<\/div>","protected":false},"excerpt":{"rendered":"The importance of budgeting is vital for your organisation, and starting the year off strong is essential. Discover how to maximise your IT budget now.","protected":false},"author":20,"featured_media":23837,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[180],"tags":[],"class_list":["post-24353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-en-gb"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Five Tips For Maximising Your IT Budget 2023 | License Dashboard<\/title>\n<meta name=\"description\" content=\"Discover the importance of budgeting for your organisation and learn how to maximise your IT budget with this blog.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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