Large ticket technology items such as long term support or new server hardware are often roadblocks to the progress of business productivity. Defer the purchase and you limit your business growth, and fail to cut cost. Limited capital stops businesses from making smart technology implementations. If a $50,000 technology investment can save you $50,000 each year for the next three years, and improve your staff productivity, but you have limited capitol resources, what can you do? The answer is lease.

Leasing enables a company to gain a large Return on Investment (ROI) and increases productivity. Leasing enables you to break large multi-thousand dollar purchases into smaller manageable payments. Combined with a proper consolidation strategy your business can increase monthly productivity output and reduce monthly expenses. As your business cash flow is freed up from the burden of large ticket items you will be able to concentrate on the more important aspects of your company.

While leasing computer hardware is the most common practice there are additional venues for your consideration. Nearly all technology services such as setup and maintenance can be bundled into a lease as well. For optimum results you can outsource your IT department and then lease the service. The result will be initial cost reduction from a decreased staff and smaller manageable payments. Combined with proper utilization of new hardware your business will reduce cash flow and still increase productivity.

The important thing to remember when leasing is to make optimum returns you need to plan your yearly budget in advance. An in-depth review of your business hardware and software needs throughout the year will provide insight into future expenditures. Don’t neglect the small monthly expenses because over many months they can add up and deter you from more important purchases. Don’t neglect hidden expenses. All hardware has upfront costs but also incur additional expenses in the form of upkeep and maintenance costs. Whenever possible work these costs into your initial service and leasing plans.

Leasing is not a quick fix solution but instead should be used as a tool. Monthly cost reduction and an increased peace of mind will ensure that your business is capable of monthly growth. An annual budget will save money, reduce risks and ensure that your business necessities are not cut unnecessarily.

If you would like to learn more about out leasing option and covered services contact Maureen McHugh at (212) 242-2949