A lapse in technology updates can lead to cybersecurity issues and general operational problems, but establishing best practices for investing in new tech can offer secure and cost-efficient solutions.
The correct financing can help your organization manage its tech lifecycle and dramatically cut costs. Learn more about how to find the correct financing for your next tech upgrade.
Think about your current tech infrastructure. How many assets are older than three years? That’s the average length for manufacturer warranties. This means anything older will incur additional costs every time it needs maintenance. When it’s time to upgrade, organizations must decide whether to utilize cash/liquidity for new IT assets or preserve liquidity and explore finance/leasing options.
What type of lease makes the most sense for acquiring IT assets? Learn the legal language behind each major acquisition path.
Don't get trapped with old, antiquated equipment.
As companies manage a growing remote workforce, flexibility is needed to support and maintain servers, networking equipment and related software.
With most warrantees limited to five years and the rapid improvement of processors, any desktop computer over five years old is a dinosaur.
With more wear and tear than desktops, laptops have a shorter lifecycle. They also have more stand-alone demand on the processor as they age.
Tablets are more susceptible to wear and tear and breakage than laptops or desktops, leading to a shorter lifecycle.
Before 2018, the IRS limited Bonus Depreciation to new equipment. The IRS now allows for depreciation on used equipment, though it must be “first use” by the purchasing business. Learn more about how to maximize your deductions for new equipment.