Columnist: Rick Forsythe
Leasing can reduce the cost and risk of IT ownership
Over the years, many organizations have found leasing to be a useful tool to help lower the total cost and risk of IT ownership and management. While leasing is often seen first and foremost as a means to keep capital spending focused on business opportunities rather than IT acquisition, the benefits of leasing go well beyond the matter of how to pay for equipment.Leasing enables organizations to take advantage of the latest technology with less financial risk. Leasing simplifies IT procurement and completely eliminates the need to worry about the logistics and liability issues of equipment disposal. By opening the door to streamlined portfolio management, leasing makes it easier to ensure software compliance and keep track of maintenance. Lease tracking information can also assist in compliance efforts by providing more consistent reporting to both finance and IT.
Frequently, 75-80% of an organization's IT assets are replaced or removed within three years of being installed. Though a three-year term is the standard, typical operating leases can range from 12 to 36 months. By matching the financial useful life of IT assets to align with the operational realities, leasing reduces risk and financial exposure.
Technology leasing with Forsythe helps our customers reduce the cost and manage the risk of their IT infrastructure decisions while maximizing their operational flexibility. Our customers benefit both when their IT infrastructure is initially acquired and throughout its lifecycle. In addition, technology leasing provides the traditional leasing benefits of protecting our customers' cash and borrowing leverage, while providing 100% financing of their IT acquisitions. Forsythe offers a broad array of flexible financing and portfolio management services, reflecting our unique capabilities and strengths.
Leasing with Forsythe provides our customers ongoing access to, and leverage of, our technology market and vendor management expertise to help lower the cost and risk of their infrastructure decisions.
Forsythe's leading position as a technology lessor, reseller, and integrator allows customers to significantly simplify and streamline their IT equipment procurement, financing, and disposal processes.
Forsythe serves as a seamless point of integration for our customers to significantly reduce the complexity of both individual transactions as well as the rapidly changing environment overall. Many customers also use Forsythe to help strengthen the connection and communication between IT and finance.
Now is the time to consider a leasing strategy with Forsythe – a financial solutions provider that understands technology and a technology solutions provider that thinks in terms of business.
Rick Forsythe is the founder and former president of
Forsythe Technology, Inc.
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