Outsourcing Finance
In Outsourcing Finance, For CompaniesAbout BMS Finance in relation to outsourcing finance
Since the early 1990s, corporate IT systems have become increasingly complex as the automation of manual tasks has grown. As a result, companies are increasingly dependent on their IT systems in order to operate. During this period IT expenditure in the UK has steadily increased year on year. This is against a backdrop of a significant fall in computer hardware costs. It is therefore not surprising to learn that the growth in expenditure has been driven, not by hardware costs but, by the rising cost and complexity of developing, implementing and managing software.
This poses two key challenges for companies:
1. How best to manage and maintain complex IT infrastructure
2. How best to fund IT infrastructure, when traditional funding models, such as leasing, do not work for service or software expenditure