Tuesday Topic: Are You Overspending on Tech?

Technology is essential, but too much of it can drain resources. A recent Independent Banker article notes that community banks often pay for duplicate systems, underused software, or “nice-to-have” tools that add scant value. Experts featured in the piece argue that smarter, not bigger, tech stacks win in the long run. Their advice: audit licenses and tools, eliminate overlaps, renegotiate contracts, and ensure every dollar spent ties directly to strategic priorities.

Where have you found hidden waste in your tech budget? What’s worked best for cutting costs without cutting capabilities? Any insights or suggestions would be helpful.