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How to Manage the Technology Churn with Leasing to Align Finance and Operations

Law firms are in a heated market:  mergers, acquisitions, lateral moves, technology adoption, obsolescence, forced upgrades, cloud migrations and more are accelerating at unprecedented pace.  Firms must create efficiencies that align the business side of the house, especially when it comes to IT, finance and operations. That’s why we see ILTA’s 2018 Technology Survey technology updates as one of the most pressing concerns for firms.

Choosing the right financial strategy that aligns operations and IT can ensure not only a successful technology implementation, but an optimal use of technology over its entire lifecycle at your firm whether it’s software, equipment, laptops, desktops or servers, while making sure the firm is not overpaying for its competitive and operational IT needs.

Leasing and financing offers multiple benefits, including:

Providing flexibility to replace/upgrade equipment such as desktops and laptops at the pace required for today’s business needs, while avoiding typing up capital in a depreciating asset

Finance 100% of software needs, including data conversion, implementation and training

Accelerate decision cycles and streamline operations

Investment in top-of-line hardware

Offering the highest level of security to all the hardware offered by them, ensuring no data loss while replacing or changing an older piece of equipment, and properly disposing of obsolete hardware

Prep for cloud migration

Simplify maintenance, built-in end of life lease options

Inflation protection, preserve cash flow for other strategic needs and spreads out partner contributions

Want to learn more? Let’s schedule a short phone call, email us at info@coretechleasing.com. 

Bonus: Check out company president, Scott McFetter’s, recently published article in Legal Management Magazine “How Leasing Aligns Finance, Operations and Tech Needs for Your Firm” 

Install Now, Pay Later

Does your institution need to make capital purchases today but are waiting for the budget dollars of your new fiscal year?

We have a solution! Let us introduce you to CoreTech’s cash-flow friendly leasing and financing option.

We pay the vendors on your behalf and you install the equipment at your own pace, with payments not due until your next fiscal year. You remain completely in control and manage the vendor engagement.

What are the benefits of leasing and financing equipment?

– Lease-financing increases your cash flow

– Flexible structures that allow your institution to remain nimble

– Predictable costs mean fewer surprises

– Combine multiple vendors into a single low monthly or quarterly payment

– Keep your technology current with a lifecycle management program

– Customized structures to fit your specific requirements

– 100% financing can include installation, maintenance and software costs

Ready for more information?

If you’re ready to learn more click here or contact Adam Laughlin directly at (949) 679-2596 or alaughlin@coretechleasing.com to set up a convenient time to discuss your institution’s leasing and financing options.

Top 5 Tips to Prepare for the New Lease Accounting Rules

 

Copyright Equipment Leasing and Finance Association 2017. Reprinted with permission.