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Why Renting Technology Is Better Than Buying

We are already accustomed to paying monthly for the services we consume in our everyday lives, such as cable and Netflix, smartphones and data, and even basic utilities. So, why do we take on huge upfront costs for the services required to run our businesses? In this article, we’ll outline the benefits of renting technology, what industries it can help, and the technology services you can rent right now.

Get more bang for your buck

The old way of updating your business technology was to make a huge, upfront investment. By renting your technology, you can save money both upfront and in the long run. Rental payments also count as a business expense, and the equipment does not need to be depreciated. This can provide a nice tax incentive for most companies.

Benefit from state-of-the-art technology

Renting your technology gives you the advantage of always having the most up-to-date software and equipment. This means you no longer have to hang on to your outdated equipment to avoid spending thousands to upgrade. Renting also gives you an edge on the competition in your industry. When better technology is released, you can have it as soon as your upgrade period starts.

Avoid service charges

Technology rentals, such as firewalls, come with service built into your affordable monthly price. Your IT company will monitor your technology to ensure that it is up-to-date and protecting your data, provide maintenance to keep your equipment performing properly and deliver reports to let you know what is going on with your network.

Have some peace of mind

One of the biggest benefits of subscribing to your technology is that in the event of a disaster, such as a hurricane, your data will be fully protected. As we recently found out with Hurricane Matthew, recovery after such as event can take some time. You can reduce some of your headaches by embracing cloud-managed technology services for your business.

Maintain compliance

After so long, software companies stop issuing updates for the older version of their programs. By paying monthly to have all of your data hosted in a cloud, you will receive the latest versions of all of the software that your company uses as soon as it is released.

Renting technology benefits most business types

Every business has the need for modern technology in order to run efficiently, but large purchases are often not feasible for small–medium businesses.

Medical Practices

Keeping your firewall and infrastructure up-to-date reduces the risk of exposing Protected Health Information and facing other HIPAA violations.

Retail Businesses

PCI compliant cloud computing enables you to keep your customer’s personal information safe and secure, giving you both peace of mind.

Government and Nonprofits

Renting technology is easier to work into your, more flexible, operating expense budget than a large, one-time investment.

Any growing business!

As your business continues to grow, you will need technology that grows with it. Using an “As-a-Service” model will ensure that your equipment will continue to accommodate your business.

What technology equipment can you rent?

You can apply a pay-as-you-go subscription to almost any type of technology you need for your business

Phone Systems

Phone systems continue to be an essential piece of equipment for the modern business, and the new systems can now do more than ever. However, upgrading your system can be very costly. Leasing your phone removes the burden of paying for a new system up front.

Firewalls

A firewall is necessary to keep your company information safe. Firewall as a Service gives you the benefit of having the best data protection for their business while having the ability to remain flexible if your needs change.

Network Switches

Renting your network equipment ensures that your voice and data needs will always be met. Network as a Service allows you to support increased bandwidth, VOIP, and bring your own device, all while keeping your network secure

Websites

While there isn’t any physical equipment that you need onsite for your website, you can get a new website for your business by subscribing to a service monthly. The cost easily fits into your monthly budget and allows you to update your site as design trends change.

For more information on how renting technology can benefit your business, call Speros at (912) 354-8900 or email us here.