Unmasking the Hidden Costs of Shadow IT

As a CFO navigating the complex landscape of enterprise technology, you're likely facing a challenge that goes far beyond applications: the hidden costs of Shadow IT. At Camwood, our 25 years of experience have shown us that understanding and managing these hidden costs is crucial for financial success and digital transformation. 

The Shadow IT Revelation: A CFO's Nightmare 

Did you know that: 

• 56% of business lines manage more applications than IT 

• Shadow IT accounts for nearly 40% of all IT spending 

These statistics reveal a troubling truth: your IT costs are likely spiralling out of control, hidden within departmental budgets and unauthorised subscriptions. 

Beyond Budgets: The Real Impact of Uncontrolled IT Spending 

The consequences of Shadow IT go far beyond inflated budgets: 

• Inaccurate profitability assessments 

• Security vulnerabilities 

• Compliance risks 

• Inefficient resource allocation 

The Licensing Labyrinth: A Costly Maze 

Uncoordinated software procurement leads to: 

• Overpaying for unnecessary licences 

• Continued payments for obsolete software 

• Missed opportunities for volume discounts 

The Camwood Advantage: From 114,000 to 3,900 Applications 

Our approach goes beyond simple cost-cutting. In a recent project, we helped a large enterprise: 

• Reduce their application count by 96% 

• Maintain operational performance 

• Achieve significant cost savings 

Quick Wins for CFOs: Beyond Cost Reduction 

By partnering with Camwood, you can: 

1. Achieve a 40% reduction in applications 

1. Realise cost savings of up to 30% 

1. Improve IT support efficiency 

1. Enhance employee satisfaction and retention 

1. Position your company for successful digital acceleration 

Beyond Blame: Taking Control of Your IT Estate 

Our approach isn't about pointing fingers. It's about: 

• Gaining visibility into your entire IT landscape 

• Making informed decisions about necessary applications 

• Rationalising your IT budget 

• Supporting your company's digital transformation journey 

The Camwood Solution: 25 Years of Expertise at Your Service 

We offer: 

• Comprehensive application audits 

• Strategic rationalisation plans 

• Continuous application lifecycle management 

• Expert guidance on digital acceleration initiatives 

Are you ready to go beyond applications and take control of your IT spending? Let Camwood's quarter-century of experience guide you to financial clarity and technological efficiency.