FEATURE : CIO STRATEGIES
Sandeep Bhargava , Managing Director of Asia Pacific Japan ( APJ ), Rackspace Technology , explains why it is important for companies to build a cost governance framework , especially in light of the COVID-19 pandemic .
Cost reduction across all aspects
of business is top of the mind in today ’ s economic climate , with businesses in Singapore reeling from the impact of the COVID-19 crisis . To help keep businesses viable while minimizing job losses , the Ministry of Manpower recently released cost saving measures and guidelines offering alternatives to retrenchment .
Other than managing workforce costs , business and technology , leaders are looking for other methods of reducing expenses such as downsizing office space , reducing office consumables and outsourcing some of the backend processes to shared services and help desks .
Why build a cost governance framework ?
While these steps help in maximizing resources , short-term cost reduction is just
Beyond cost savings :
Maximizing IT spend for better business value
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