Independent Technology & Equipment Lessor • Strategic Partners

Archive for June 2016

Across Industries, Innovation Is on the Rise — And Leasing is How It Happens

As the pace of innovation accelerates, the useful lifespan of an organization’s technology and equipment decreases inversely. In this environment, leasing is a strategic choice–as more and more organizations understand they earn ROI on their equipment by using it, not from simply owning it.  Specifically, leasing allows organizations to:

  • Pay only for the useful life of your technology and equipment as the pace of change continues to rapidly increase
  • Keep cash on reserve and convert your infrastructure requirements to a simplified monthly expense
  • Use the most up-to-date versions of software and hardware

Technology and equipment updates are built into leasing plans, assisting you to receive the latest security and firmware updates without having to wait for new budget cycles or tap into its cash reserves. The “soft costs” of training, installation, and maintenance can also be a part of your lease structure, decreasing your chances of system failures and keeping healthy up-to-date systems across your technology environment.

Contact the CoreTech team to learn more about the benefits of leasing over purchasing for your organization.

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How Leasing Can Make Your Information Security Processes Bulletproof

Security issues are cited repeatedly as the number one concern for law firms and most recently topped all other current trends. The 2015 ILTA TechSurvey revealed that nearly half of the 420 law firms surveyed identified security as the number one concern—and with good reason. As recently reported in Legaltech News, 80 of the 100 biggest law firms have been hacked since 2011. This year, firms are estimated to spend more than $6.9 million or 1.92 percent of their gross annual revenues on information security.

Security concerns are a game changer. Not only are clients mandating increased security measures, they are requiring that these security measures be absolute and transparent. Every firm is now beholden to know exactly what technology and equipment it has in its possession, its location, its lifecycle stage, and the established processes required to securely return and dispose of the assets at the end of its useful life.

To learn more, read Scott McFetters’ latest article in Thomson Reuters Elite’s Forefront here. To download a PDF of the full article, click here.