With companies redefining their workplace models, they are discovering the need for diverse assets and technologies to meet their employees’ and customers’ range of needs. According to PwC’s remote work survey, 87% of executives expect to redefine and transform their real estate strategy throughout 2021.
During this time of transition, financing is more crucial than ever. According to IDC’s study on Work from Home Trends, more than 28% of organizations are planning to increase automation and invest in assets to streamline productivity. These assets range from room reservation software to smart conference rooms and smart furniture. The focus is on critical digital technologies to automate processes and maintain strong collaboration and connectivity among colleagues. The right financial solutions can be key to helping businesses make these investments while preserving capital to achieve financial objectives as they accelerate through 2021. Read more about this in our latest whitepaper.
Demand for equipment and software remains strong as the U.S. manufacturing sector improved throughout the first half of 2021. ELFF predicts an 11.2% growth in equipment and software investments, and 5.7% growth in U.S. GDP in 2021, signaling signs of optimism for equipment manufacturers and dealers across the country. ELFF’s survey in May shows 53.6% of respondents indicating a continued increase in spending on business development activities over the next six months. To prepare for the projected growth through the rest of 2021, it is crucial to provide tailored financial solutions to support businesses’ unique growth strategies.
Financial solutions can enable businesses to meet evolving needs while growing their business and paying less overtime than they would on an initial cash purchase. Leasing the right equipment and technology instead of purchasing them outright may allow customers to optimize their cashflow, logistics and financial goals to ultimately keep more money in their pockets.
Preserving Capital:
Equipment and technology depreciate upon purchase and start of use. When financing office equipment, customers only pay for the use of the asset during the specified length of the lease term. This may allow them to save money and invest in other areas of their businesses to support 2021 growth efforts.
Flexibility:
When paying cash for office equipment, customers face additional cash outlays if they wish to upgrade their equipment in years to come as technology advances, making it increasingly costly overtime. Financing allows customers the flexibility to upgrade their equipment without the hassle of repurchasing all new equipment to support business needs and keep up with technology trends, all while saving money overtime.
Optimizing Cashflow:
Every company has different financial strategies and objectives. Flexible financing options tailored to the specific customer can help to optimize cashflow. At DLL, we offer customizable financial products and services, including monthly, quarterly, step, and deferred payment solutions, to meet each customer’s unique financial needs.
Soft Costs:
Purchasing equipment with cash requires shipping, installation, servicing, and maintenance of the equipment to be outsourced, often costing more money than intended. Leasing offers the ability to bundle equipment and services into one invoice, at an affordable payment structure to ensure your equipment is up to date and cared for - saving you the hassle and worry of spending more.
If you are providing customers with equipment and technology options for the new office, contact us today to schedule time to discuss how offering flexible payment solutions can simplify the sale.
