New technology brings significant advantages to the workforce, including the ability to work smarter and faster. Since up to date office equipment can help staff be more efficient, why do many businesses choose to hold on to their outdated printers, copiers, and multifunction devices (MFPs)?
For most small- and medium-sized businesses (SMBs), cost presents a significant barrier to entry. While large companies often have surplus capital to purchase assets, smaller ones often struggle to maintain, let alone upgrade, equipment.
And, with startup equipment costs ranging anywhere from $10K to $125K depending on the business, a huge cash outlay for the latest technologies often represents a significant financial burden for companies just starting.
But working with outdated equipment often results in task inefficiencies that can cost your company anywhere from 20-30% of revenue annually. Additionally, inefficiency wastes time, reduces quality, and contributes to staff frustration and lowered morale.
Fortunately, leasing equipment presents a viable option for SMBs looking to gain the advantages of the latest technologies in office equipment and the increased productivity it can offer.
Leasing Office Equipment Offers Solid Advantages
Leasing provides many perks for the busy office, from cost advantages to flexibility — good reasons why leasing is the most popular choice of financing for 80% of U.S. businesses that finance equipment.
Besides the increase in efficiency and productivity that state-of-the-art equipment can bring to your company, here are some other solid reasons to consider leasing your office equipment.
Wider Equipment Choices
Leasing is flexible and offers the advantage of low upfront costs, conserving capital, and helping preserve credit.
The low buy-in puts more — and better — equipment within reach, allowing businesses access to technologies and features that they could not afford through an outright purchase. A lease not only puts better technology within reach, but it also allows companies to stay on the cutting edge of evolving features by upgrading at lease end.
Affordable Specialty Equipment
While many companies choose leasing options for standard equipment such as printers, copiers, and multifunction devices, a lease can be the best vehicle to bring specialized equipment such as wide-format printers within reach.
Having access to high-tech printing equipment can allow companies to reduce monies spent on outsourcing specialty print work by bringing it in-house.
In-house printing enables companies to exercise increased control over projects, reduce waste, and more efficiently use staff time. In deadline-oriented industries, this level of control can represent an enormous competitive advantage — and a selling point to potential customers.
Strong Support and Automated Replenishment
When you buy equipment outright you are responsible for it — and all associated maintenance and support costs — for the life of the machine or until you sell it.
When you lease, the company from which you lease the machine provides comprehensive maintenance and support for the length of the lease, at the end of which you can upgrade your equipment with a new lease.
For those interested in owning their equipment, some leases even offer the option to purchase at the end of the leasing period.
Leases for equipment that requires supplies such as ink and toner offer the additional advantage of an automated replenishment system that reduces costs, eliminates overstocking of supplies and ensures you always have the right supplies on hand when you need them.
An automated replenishment program reduces the chance of project slowdowns due to running out of ink or toner while ongoing maintenance and support decrease the chance that machine downtime due to mechanical issues will affect productivity.
Let James Imaging Help Your Wisconsin Business Lease Top-of-the-Line Equipment
We understand how difficult it can be to manage costs while maintaining a level of efficiency and productivity that keeps your company ahead of the competition. That’s why James Imaging offers office technology leasing with multiple financing options.
Through our generous leasing rates and terms that offer a flexible pay structure, you can lower your upfront costs to conserve — and reserve — capital for other expenses or unforeseen expenditures.
We lease a variety of state-of-the-art office equipment from printers, copiers, and MFPs to specialty machines that can help reduce your reliance on outsourcing. Plus, you’ll have access to a wide array of the latest technologies that can help increase your team’s productivity and contribute to definitive bottom-line advantages.
Help your company reach new heights of productivity and efficiency. Reach out to a professional at James Imaging Systems and discover how to access the benefits of an office equipment lease for your business.