Working Over Time

Today’s economic climate can make finding the right IT strategy a challenge. How do you allocate resources for IT investment when your company’s working capital is already stretched thin? The answer for some has been technology leasing and financing. This strategy can help your business stay productive and competitive while it grows.

Technology leasing and financing offers several major benefits:

• Conserve Capital: With no up-front cost in equipment leasing, a business can invest in technology without impacting cash flow. Working capital and existing credit lines can be preserved, freeing up cash for other operational expenses.

• Stabalize Monthly Payments: Lease payments are fixed. That means they are not affected by floating interest rates. Lease payments can be tailored to budget levels or revenue streams.

• Reap Tax Benefits: Depending on your business, you may be able to either write off monthly payments as an operating expense or capitalize the outlay. We always recommend that our clients consult their accountants or tax advisors regarding this potential benefit.

• Refresh Technology: Equipment leasing takes the risk of equipment obsolescence off the table. Flexibility of upgrading the equipment at the end of the lease enables your business to remain up-to-date and in pace with rapidly changing technology.

• Bundle Projects: A lease offers you the ability to finance hardware, software and labor in one transaction.

Technology leasing and financing is not for every business. The decision to lease is not a simple one, but it is a necessary discussion if cash flow is holding your business back from making necessary IT upgrades or improvements.

For the past several years, Progressive has taken an active role in working with our clients to educate them regarding technology leasing options. We have established partnerships with some of the most respected leaders in the IT leasing industry so that our clients have this resource available to them. In addition, we have added a leasing section to our estimates so that on larger projects our clients are able to see the cost difference.

If you are interested in learning how leasing may benefit your company, we invite you to call us at 682-4990 or Email Us.