“Any sufficiently advanced technology is indistinguishable from magic” – Arthur C. Clarke
With technology advancing across all spectrums at an alarming rate, one of the greatest threats facing businesses today is the growing rate at which equipment can be rendered obsolete or less effective than its eventual successor. Failure to maintain equipment or implement upgrades can force you to become less competitive than the remaider of the industry. As a result, it is essential you are able to progress in accordance with the changes your industry may face without depleting your cash reserves.
One effective method of both maintaining a healthy cash flow and competitive offering is leasing. Through leasing, the financial burden of obsolescence can be heavily mitigated – the financial obligation only limited to the length of the lease agreement itself. Depending on the nature of the agreement, it may also be possible to benefit form automatic upgrades and updates to equipment and software respectively, allowing for your business to stay at the forefront of its potential without damaging that all too important cash flow.
If you would like to find out more regarding the benefits of leasing over purchase click here to view our free download, explaining the benefits in greater detail.