Building a competitive advantage through finance in the technology industry

It is no secret that the technology industry is more competitive than ever. How can smaller companies survive in the current market?

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Large tech firms have become a juggernaut in the global economy, becoming more and more powerful in the face of crises.

In the wake of the COVID-19 crisis, technology was embraced at a far more rapid pace than ever before to stay afloat in the market and reopen economies and industries all over the world.

In 2021, the largest technology companies have been buying up smaller, rival firms at a rate that doubles the record number that was hit in the year 2000, during the dotcom boom. Data reveals that nearly $264 billion has been spent by technology companies absorbing smaller rivals valued at less than $1 billion.

Technology is thriving even after a tough two years for the global economy, but these advantages and overwhelming success stories seem to strengthen the position of larger companies, at the cost of putting small and medium-sized technology businesses at risk.

It is clear that facing up to the escalating competitiveness of this market will take a concentrated effort by small and medium-sized technology companies to enhance their business operations through value addition in the form of project management and finance in the technology industry.

Optimising business processes by optimising core functions

The technology industry is dominated by a few large, global companies that have the resources and reach to enact widespread change across the industry as a whole.

Keeping up with these companies seems near impossible and carving out a niche in the cutthroat market seems equally out of reach.

The technology industry is not just bending to change but creating that change, forging new markets and building industries out of nothing. The pressure to keep up is not just felt by technology companies, but driven by them.

This is the landscape within which even medium-sized and small businesses must operate and foster. Despite the innovative nature of these firms, at the end of the day, they are a company that has the same needs at its core as any other company operating in a different industry.

Bolstering the core functions of technology firms can support the more efficient allocation of resources, which will ultimately support the firm’s ability to innovate and dedicate themselves to higher value-added tasks. This is especially important because a technology company, at its core, is about creating higher value addition, but without a strong business framework, this is not possible.

At Kronos Group, we are dedicated to ensuring that your business framework is resilient, future-focused and crisis-ready, from the ground up.

The solutions we provide in fields such as project management and finance in the technology industry help small and medium-sized companies, as well as larger corporations, not just survive in the current, competitive environment but continue working towards value-added goals in both the short and long term.

Supporting your business operations for higher value addition

Success in any industry and sector has become intertwined with how quickly each company can adopt new technologies.

These changes, however, cannot be taken for granted. The latest technology is not necessarily the best way to support your unique business model or inject more value into your core operations.

Specialised support in running your operations in the form of finance advisory or project management advisory from industry leaders such as Kronos Group drives long-lasting, positive change and helps you formulate a competitive advantage in the global marketplace.

The strategic approach we employ has created:

Two million euros worth of savings on a four months timeline

Global training programmes delivered over six months

A-Z transformation over just five months

Timeless support of a specialised team for lasting value delivery

Our commitment to helping you build a competitive advantage

Our team of professionals, here at Kronos Group, are experienced in the art of supporting a company through optimised approaches to procurement, finance, and project management.

The integrated approach we take to driving value across your operations is possible through our range of services including:

Swift maturity
assessments

Cost
optimisation

A spend management platform

Digital
transformation

Outsourcing services

Training programmes

Functional transformation

Speak to us!

We support our clients with their strategic growth by leveraging our extensive knowledge and evaluating your business perspective with cutting-edge solutions that address current and future challenges.

Benefit from our dedicated consultants’ skills in the fields of procurement, finance, and project management by getting in touch with us today.