Take it to the Cloud – If your business isn’t already utilizing the Cloud, consider making the shift. Storing your data in the Cloud as opposed to on your own servers will result in significant cost savings. You’ll be spared the expense of paying for hardware and the space to store it, as well as training your staff to operate and maintain it, software licenses, and electricity costs. 
 
Eliminate wasteful subscriptions – Are you paying for services that aren’t necessary? Annual subscriptions can easily be overlooked, especially when they are renewed automatically. Take the time to review your current subscriptions and terminate any that you don’t need or use at all.
 
Take advantage of free resources – Many software providers offer free versions of their product that lack some of the bells and whistles the paid version includes but are still useful enough for your purposes. Don’t pay for the full version if you don’t have to.