5 Ways Technology Sprawl is Impacting Your Business

Did you know that the average enterprise company uses more than 1,000 different applications across all departments?¹ That’s vendor sprawl - the rapid or excessive addition of multiple IT vendors and solutions within an organization, and it is a growing concern. Not addressing vendor sprawl could cost millions. 

It’s easy to understand how vendor sprawl happens. The business sees a need and they solve it with technology. But before you know it, the accumulation of various applications, tools, and technologies get out of control, leading to a complex and disorganized IT landscape.  

Five Critical Ways Technology Sprawl is Impacting Businesses 

1. Increased Security Risks: Technology sprawl increases the attack surface and security gaps. With multiple tools and technologies, it becomes challenging to ensure all software is up-to-date and properly configured. Unpatched software and misconfigurations can leave the organization vulnerable to cyber threats.
2. Compliance Challenges: Managing a sprawling IT environment complicates compliance efforts. Auditors require a complete and accurate picture of the IT infrastructure, and a disorganized tech stack can lead to compliance violations and penalties. Ensuring all systems meet regulatory requirements becomes a daunting task.
3. Reduced Operational Efficiency: IT administrators are often overwhelmed with managing a multitude of tools, and soon the company is left with a labyrinth of incompatible services. This reduces operational efficiency and can lead to decreased productivity…not to mention increased frustration among employees.
4. Budget Waste: Technology sprawl often results in significant budget waste. Organizations frequently overbuy tools they can't fully utilize, leading to unnecessary expenses. Without a clear overview of their IT spend, businesses may continue to invest in redundant or underutilized solutions.
5. Hindered Innovation and Agility: A bloated tech stack can hinder innovation and agility. Instead of focusing on strategic initiatives, IT teams are often preoccupied with managing and maintaining a complex array of tools. This shift in focus can slow down the adoption of new technologies and limit the organization's ability to adapt to market changes.

Keep Vendor Sprawl Under Control with BetterTracker 

BetterTracker is a powerful solution that helps businesses manage and reduce the impact of technology sprawl. From the outside, BetterTracker may look like it is just a contract and subscription management tool, but it is so much more – especially when you resell the platform to your clients. BetterTracker enables you and your team to: 

• Visualize IT Spend: Gain a clear and comprehensive view of all IT contracts and subscriptions. 

• Identify Redundancies: Easily spot and eliminate redundant or underutilized tools, optimizing your IT budget. 

• Automate Renewals: Receive automated alerts for contract renewals, avoiding costly missed renewals and surprise expenses. 

• Uncover Opportunities: Gain insights into customer IT stacks to uncover cross-sell and upsell opportunities which drive revenue growth. 

Don’t let vendor sprawl go unchecked. Whether you leverage BetterTracker for your own MSP business or resell it to clients to get a better view of operations, you will be able to streamline IT management and reduce costs.  

BetterTracker is a powerful tool that allows MSPs to manage contracts and subscriptions, grow revenue, and put an end to vendor sprawl. On the contract management side, BetterTracker provides a centralized platform for managing, tracking, and accessing all IT contracts and subscriptions, ensuring no renewals or key updates are missed. The platform offers automated renewal alerts, which help prevent missed deadlines and can lead to additional sales opportunities. BetterTracker also helps identify and eliminate redundant or underutilized tools, saving money and streamlining operations.  

Find out how you can enrich your client relationships and deliver more value with BetterTracker. Simply book a demonstration and speak to our team. 

BetterTracker helps finance, IT, and operations teams take control of contracts, subscriptions, and technology spend. By centralizing renewals, eliminating tech sprawl, and providing real-time visibility, BetterTracker empowers businesses to simplify compliance, reduce costs, and make smarter decisions.

¹Source: https://www.mulesoft.com/lp/reports/connectivity-benchmark