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IT costs are often a mix of equipment refresh cycles, convoluted software licenses, and often confusing IT service provider proposals. Add into the mix, cloud computing and managed service providers and how do you even start to develop an IT budget?
This session provided an overview of an Excel-based IT budgeting approach that enables organizations to take a more proactive approach to managing their IT investment.
It also covered some basic IT knowledge that non-technical managers need to know to validate the budgets that their IT Managers may be submitting to them. Lastly, it focused on techniques to shift management’s perspective of IT from a cost to an investment.
Key Takeaways & Insights:
o How to develop a detailed IT Budget based on types, categories, and classes of IT spend
o How a detailed IT budget can supports better cash flow and financial management
o How to segregate mandatory from discretionary IT spend for organizational agility
o Understand IT hardware lifecycle risk and refresh cycle impacts
o Understand common software licensing models and cost model impacts
o Look at managed service providers and cloud computing and their impact to the budget
o Switching the IT paradigm from cost to investment and tying to organizational strategy
Donny ShimamotoDonny Shimamoto, CPA.CITP, CGMA, is the founder and managing director of IntrapriseTechKnowlogies LLC, a CPA consultancy focused on organizational development and advisory services for the middle market and nonprofits. An active CPA, Certified Information Technology Professional (CITP), and Chartered Global Management Accountant (CGMA), Donny is a recognized national expert in IT management and international author/speaker on business intelligence initiatives.
Donny helps many nonprofits by bridging accounting and IT to strengthen organizational governance and risk management, improve business processes through technology, and increase the effectiveness of decision through business intelligence and evidence-based management.
In addition to being a frequent speaker for the Nonprofit Technology Enterprise Network (NTEN), Donny is the chairman of the American Institute of CPA’s (AICPA’s) Information Management & Technology Assurance Executive Committee and a former member of its Governing Council and Assurance Services Executive Committee.
Donny was recognized as one of 2013′s Top 100 Most Influential People by Accounting Today, and was a Top Thought Leader in Public Accounting by CPA Practice Advisor in 2012 and 2013, received the 2009-2010 President’s Award from the Hawaii Society of CPAs, was named to CPA Technology Advisor’s 40 Under 40 list in 2007 & 2009, and was also a Hawaii Top High Tech Leader in 2004.
Donny works with a variety of nonprofits including community foundations, social service agencies, educational institutions, and membership associations.