Trimming expenses is something businesses must occasionally look at to improve cash flow. Here are some areas where your business may still have cost saving opportunity. Here are some areas where your business may still have cost saving opportunity.

Interest rates. If you have credit cards, banks will often listen to a request to lower your interest rates. This is especially true if you’ve been a long-time, loyal customer who has always made on-time payments. Also consider asking your banker about refinancing other debt, such as installment loans or revolving lines of credit, to a lower interest rate.

Telephones. When is the last time you shopped your phone service and telephone hardware supplier? Many companies are relying on the same hardware and service they bought 40 years ago, which can cost plenty to use and maintain. Consider transitioning to a Voice Over Internet Protocol (VoIP) service that can easily integrate with mobile phones and other electronic devices.

Internet service. Similar to your telephone service, it’s easy to sign up for internet service and forget about it. If it’s been more than one year since you’ve spoken to your internet service provider, get on the phone and ask about different options. Maybe you’re spending for more bandwidth than you need or unnecessary add-ons like a turbo boost.

Software as a service. These online software tools create monthly expenses that go on forever. In addition, many of them charge you per user. Review your recurring bills to identify all of these software fees. Understand who is using them and why. Cancel all but the most essential, and reduce the number of users to just those that absolutely need it.

Data storage. The cost of storing data in the cloud has become extremely affordable over the past 5 years. At the same time, many businesses overestimate the amount of storage capacity they actually need. Consider doing an annual audit of your storage needs and asking your provider about different capacity levels if you find you have ample, unused storage space.

Completely chopping expenses from your income statement isn’t the only way to save money. Keeping certain expenses but temporarily dial it back is another viable option that can your business money without entirely eliminating much-needed services.