The Simply Smarter Blog

The Simply Smarter Blog

How a Technology Assessment Can Help Offset Unexpected, Rising Costs

Melanie Camacho /

 

 

Even though inflation rates were at 5% in March 2023—lower compared to last year—it is still uncomfortably high.  The Federal Reserve has also raised interest rates over the past year, signaling that more increases are expected. SMBs are feeling the crushing inflationary pressure as well as reeling from a tight labor market and unpredictable fuel costs.  Times like these call for creative measures. Readjusting departmental budgets is a start, but if you take a closer look around you, there could be wasted money hidden in plain sight. You might be wondering, where to begin? My recommendation is a workplace technology assessment. It can provide numerous benefits, but right now the focus is to recover wasted expenses. Here are five ways a technology assessment can help businesses offset these financial constraints.