3. Consider Cost Avoidance: How Can a Lease and Finance Strategy Play in?
While firms shift their investments, cost avoidance must also come into play. Almost all firms have significantly reduced costs by making fundamental changes in their operations, and that should include financial flexibility as well.
When it comes to how firms’ technology hardware and software are procured – cash, vendor financing, bank financing or independent lessor financing – there are concrete differences in value that impact the bottomline.
Questions you should be asking include: does owning this piece of technology align with its useful life or refresh cycle? Is my technology procurement and vendor invoicing an efficient, centralized operation? Are essential projects delayed because of bureaucratic decision cycles?