When it's time to add new office printers, multi-function devices or even document management systems to your technology infrastructure, the question of financing or purchasing often tops the list of decisions. While there are benefits to both options, many companies find that financing is the better choice. 

1) When the Budget Says "No"

Cash flow is a cold, hard reality that most businesses can't afford to ignore, and it may not be feasible to come up with the full purchase price for new copiers and printers. Financing allows you to stretch the cost out over a few years, putting that new technology well within your reach. 

2) Never Let Me Go

The downside with purchasing technology is that we may be hesitant to let go, even when we should. Reluctance to upgrade aging devices and solutions purchased with cash can have a negative impact on business operations. Technology may be passing us by, but we'll be hanging onto that equipment just a few more years and haven’t budgeted for replacement. In the meantime, we're spending too much on repairs and paying more than we realise for unproductive downtimes. 

3) Faster Technology Upgrades

Since we're on the subject, financing your print fleet on a pay per click, pay per seat or rental arrangement can go a long way toward keeping your technology up-to-date. Most finance agreements expire within three to five years, which is about right for a technology upgrade. You'll feel better about making a switch, the process will be familiar to you, and you won't need to worry about what to do with your old equipment. 

Fast access to emerging technologies is another benefit of upgrading sooner. With expanded document scanning and other features added to your business processes, you'll be in a good position to stay competitive in an increasingly high-tech economy.

To learn more about the benefits of financing your technology, get in touch with us at Inland Technology today!