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what is a technology audit and why would a company pay someone to do it

Shawn HullFounder and CEO, Aspire Partners. Author of The Smarter Way to Make Money.

A technology audit is a line-by-line review of what a company is paying for software, subscriptions, and services. The goal is to find what they're overpaying for, duplicating, or not using at all.

Most companies have no idea what they're actually spending on technology. A subscription gets added, a contract auto-renews, a tool nobody uses keeps getting billed. I've walked into businesses where they were paying for three different tools that did the same thing. Nobody noticed because nobody was looking. That's the audit. You look.

A company pays someone to do this because their own people don't have time, don't have the benchmarks, and have no incentive to find problems. An outside reviewer has all three. I think about it like checking the hull before you take the boat out. You can ignore it and hope the water stays calm. Or you can find the leak before it matters.

What makes this worth paying for is that the savings don't stop. That's the kind of residual I care about. Expense reduction is real residual income because the client gets fresh value every month, not just a one-time fix. Work once, get paid continually. And ask yourself the test I always ask: would the client ever want to leave? If you found them real savings, the answer is no.

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