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Reducing Costs Through Technology

February 19, 2013

by Dave Moorman

For many small or medium business (SMB) owners, the concept of technology purchases is associated with spending money, not saving it. In reality, it’s entirely possible to save money with technology upgrades and services—not only on the technology side itself, but also in other departments throughout your operation. These savings are in hard dollars you can count—not the harder-to-quantify savings through the increased productivity technology enables.

Here are some examples:

These are only a few examples of the hard-dollar savings you can achieve through technology upgrades and enhancements. In many cases, the savings are greater than the cost of implementing the technologies. Many firms have found themselves able to equip their staffs with iPads; hold employee loyalty events, and provide other perks to personnel with the savings they have achieved through technology improvements.