3 Ways Businesses can Reduce their Financial Losses on IT Equipment

4th June 2019
Declining chart made of coin piles stacked tower on wooden board

If you’re an SME looking to reduce your financial losses on your IT equipment, Device as a Service (DaaS) provides an agile, flexible and impactful solution provides a whole host of benefits for businesses.

Device as a Service is a subscription solution that allows businesses to access the most up to date devices, with complete flexibility to adapt in line with their changing work requirements, business demands, and industry changes.

Devices for Teams, find out more here!

Devices for Teams by Hardsoft is a unique and flexible DaaS (Device as a Service) solution, tailored for dynamic, high-growth businesses. Eliminating traditional leasing restrictions, this solution allows for continued renewals, changes, additions and returns, empowering your workforce and meeting the changing demands of your growing business.

Here are three ways a DaaS solution, such as Devices for Teams, can help businesses reduce their financial losses on IT equipment:

Reduce Depreciating Assets

It’s important for the productivity and overall success of any business that their team is equipped with the right technology, at the right time. However, depreciating assets can be extremely frustrating for small businesses, particularly when it comes to often costly IT equipment.

A DaaS solution such as Devices for Teams allows businesses to avoid any depreciation of devices, while keeping their technology constantly up to date. After 12 months, devices can be updated or swapped, ensuring business are constantly equipped with the very latest technology, while significantly reducing their financial losses on IT equipment.

Tax Benefits

A Devices for Teams (DaaS) subscription is cost neutral to purchasing, providing tax and cash flow benefits as an OPEX spend.

Classed as an Operational Expenditure, or a business expense occurred in day-to-day business operations, the money paid for a DaaS subscription can be deducted when calculating tax. This reduces the net income and, as such, brings down the amount of income tax owed, thus helping to reduce any financial losses on IT equipment.

Swap after 12 months

Typically, a finance team will expect an employee to have their IT device for, on average, 4-6 years, often leaving teams with slow and ageing equipment.

Unlike buying equipment outright, DaaS offers the flexibility and freedom that businesses need to meet their changing needs. This means that, not only does equipment not decrease in value as it ages, but it also eliminates the repair and maintenance costs that come hand in hand with ageing equipment.

Providing an incredibly flexible solution, you can also return any device during your subscription and reduce your payments accordingly without any additional admin fee. And, with no lease involved, you won’t be tied in for a pre-determined timeframe or encounter any of the restrictions associated with traditional leasing – offering enhanced flexibility that is perfectly suited to SMEs.

With over 35 years of experience being accredited as brokers by the FCA and a fully authorised Apple reseller, here at Hardsoft, we bring together finance and technology to empower our customers and help them access the technology they need, when they need it. With over 5,000 customers and a strong network of partners, we can identify the future needs of businesses like yours, delivering the best solutions for the market.

To find out more about our unique DaaS option Devices for Teams and how it can help your business reduce its financial losses on IT equipment, take a look at our Devices for Teams website. You can also give our team a call on 020 7111 1643 or if you’d like to arrange a meeting, email Sophie Morgan at sophie.m@hardsoft.co.uk.