IT equipment investment – a cash flow-friendly process
IT technology and equipment are the tools which enable a business to operate efficiently while reducing its costs. By streamlining existing processes, technology can reduce not only the resources needed to complete a task, but also the related costs of wages and time etc. Whether the solution helps to achieve better communication, overall efficiency, mobility or staffing, technology is vital. As technology continues to develop and further empower organisations to achieve success, companies which have not invested in the latest solutions could find themselves unable to stay competitive in the marketplace.
Funding and budgets
As mentioned above, technology is vital for forward-thinking businesses who are looking to succeed; but what about the funding? It’s no secret that the global economy is only just starting to recover from the downturn and many organisations are looking to protect their capital. With technology developing at a rapid pace, now is the time to invest in innovative technology, but companies must act within the confines of their budget and economic policy.
Businesses that are cash rich have no issue with acquiring new technology for a single investment. But is this the best option? With options such as asset leasing to consider, is purchasing a good choice? Well, with outright purchase comes an inherent risk. Capital is tied up in assets, the assets are constantly depreciating in value and at the end of the operating life span, the asset is still the responsibility of the business.
If it’s decided that a form of purchase is good for the business, then by all means proceed. However, if an organisation would like to enjoy the benefits of innovative technology without the risk of capital investment, uncertain residual values or difficult end-of-life management, then consider asset finance.
A transparent asset management organisation can help source IT equipment, arrange manageable monthly payments, offer servicing solutions and even remove the equipment when it reaches the end of its operating lifespan. The result is minimal risk to a business, freed-up capital and the chance to grow the business and revenue using state-of-the-art IT equipment.
IT equipment of the future
If you’d like to see how the advances in IT equipment and technology could be affecting your business in the near future and potentially reducing your costs and increasing your efficiency…
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