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Leasing Equipment – More than just finance!

Leasing Equipment - Industrial Machine Control Panel

For many business owners Leasing Equipment is a great way to improve both productivity and sustain a business’s competitive advantage.

The global marketplace means that small to medium businesses increasingly have access to equipment and technology that was previously out of reach!

Leasing Equipment to Improve Productivity

A major benefit of Leasing Equipment is the improved productivity it delivers!

Simply, being able to produce more, faster and with less hassle!

However, benefits extend well beyond cost savings – it also allows businesses to:

  • Be more responsive to customer requests by delivering improved turnaround times
  • Focus on higher value work – freeing up the team’s time by eliminating low value, routine work
  • Better integrate systems and processes leading to further efficiency gains
  • Preserve precious cashflow and fix costs

Leasing Equipment to Improve Responsiveness!

Customer expectations are continually increasing – today, good service and quality products are the customers minimum expectation!

They are no longer a differentiator – to succeed businesses need to exceed customer expectations!

In essence, customers are looking for higher quality and faster turnaround – with solutions tailored specifically to their needs.

Short runs and faster turnaround times are now the norm – and are only likely to accelerate in the future!

In the past, upgrading equipment or technology for many businesses was prohibitively expensive! However today, Leasing Equipment can help businesses maintain or increase their competitive edge.

Process focused to customer focused!

One of the major benefits of Leasing Equipment is that it can often free up team members from more mundane tasks to focus on higher value work.

Human beings are amazing! Freed from routine tasks they come up with ideas and new ways of doing things!

New equipment can create the headspace, & free up time! Staff can step back and look at what they are doing from the customer perspective – and explore ways to improve processes or the customer experience!

For the team, acquiring new equipment can be an opportunity rather than a threat!

Greater Integration and efficiency gains!

Integrating your equipment with your other systems and processes is important!

Nothing can hamper efficiency more than a whole lot of standalone systems that don’t talk to each other!

This invariably involves double handling and lost productivity.

Today, embedded software, even in the most basic of equipment, often means it can be integrated with other business processes and tools.

Whilst the actual integration may require the assistance of a tech specialist, this is an investment worth making given the productivity gains it can unleash!

At The 500 Group we have seen first-hand in our own business, how using the latest, integrated technology can save an enormous amount of time and cost!

Preserve Cashflow and Fix Costs!

Cashflow is the lifeblood of business. When stressed, the impact on a business is enormous!

Leasing Equipment, rather than purchasing outright, can:

  • Preserve precious cashflow
  • Facilitate better forecasting, as costs are known and fixed
  • Potentially provide tax advantages

Summary

We are not suggesting using Leasing Equipment alone is the answer to the many challenges faced by business on a day to day basis.

Finance must be prudently used and correctly structured. If incorrectly structured, it can be very costly to unwind!

If the equipment needs to be imported this can add another layer of complexity – however again providing the right processes are followed, this should not be a barrier to accessing the equipment you need.

As many clients have experienced, finance used the right way, is a powerful tool to help them grow and compete in an intensely competitive marketplace.

If you would like to learn more about how Leasing Equipment could assist your business, don’t hesitate to give me a call on 0433 210 353

Sharon Piening - The 500 Group

Sharon Piening

Highly experienced Equipment and Motor Vehicle Finance Specialist. I love working with my clients and helping them navigate the complex world of equipment and motor vehicle finance.

Sharon Piening is a credit representative (474698) of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence 391237)

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