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What to look for in a third-party vendor while cutting budgets

At the end of 2022, many companies (83 percent) feared a recession in 2023, with 60 percent of enterprise-level and 45 percent of SMB-level businesses preparing by tightening budgets, reducing non-essential spending, renegotiating payment terms and other strategies. Yet SWZDโ€™s 2023 State of IT Report also found that over 50 percent of companies planned to increase YOY IT spending, with budgets expected to grow 13 percent YOY.
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