IT budgets and financial year 2021

19th April 2021
Man sitting down with budget document on his tablet

It’s that time of year when businesses are addressing their IT procurement budgets and seeing if they can invest in better technology. After the unprecedented year of 2020, IT budgets will likely be reduced for many industries, with IT leaders assessing the needs and priorities going into the next financial year.

When the pandemic hit, IT budgets had to be increased and spent to get through lockdown. Some businesses were making changes that would normally take several years, such as digital transformation, moving to the cloud, enhancing security and updating networks. Emergency spending will now be impacting many budgets this financial year and cuts will be inevitable.

What is DaaS?

DaaS stands for Device as a Service and is a solution that allows you to pay a monthly fee for your chosen technology. Instead of spending an upfront lump sum, your monthly subscription will provide you with up-to-date technology, alongside a whole host of other benefits.

IT should be flexible

Too many businesses are restricted by the way they use their IT budgets to purchase tech that quickly loses value and becomes out-of-date. In the fast-paced world we live in, technology is evolving and changing constantly, which puts businesses at a competitive disadvantage if they choose to use capital expenditure to buy machines outright.

Device as a Service (DaaS) solutions are a much more budget-friendly way to invest in IT equipment and a great solution for those businesses considering how to manage a reduced budget this financial year.

Why you should spend your IT budget on a DaaS solution

With a DaaS solution, you can be certain your employees have the latest tech and you’re only paying for what you use. Here at Hardsoft, our DaaS solution is called Devices for Teams and offers a wide range of devices to choose from including all of the following benefits:

Good for cash flow

With Devices for Teams, you only pay for what you use and don’t have large upfront costs. The small monthly payments are predictable and good for cash flow, and the investment is classed as an operating lease.


You can add, subtract and change devices to suit your business needs, providing true flexibility that allows you to only pay for what you use.

Latest tech

Upgrade your devices after 12 months, so you know you always have the latest tech and no more depreciating assets. You also don’t need to worry about selling or disposing of old devices, freeing up your time to focus on other areas of your business.

Increase productivity

The latest tech and productivity go hand in hand. With up-to-date technology, your business needs can be met, and your employees will have the right tools for the job.

Full support 

With Devices for Teams, you will also receive a full 360-degree support wrapper for each device. This includes warranty, support, installations, configurations and loan devices if needed.

How can I get Devices for Teams?

It is a simple process to set up Devices for Teams for your business. Once you have initially told us what you need, we will set up a call to discuss what we can do for you and provide you with a quote. You can then place your order and choose your delivery and installation date. If you employees are currently working from home, we can deliver devices to different locations and have a certified engineer to install and configure the device if needed.

Take a look at our 5 easy steps here to get you up and running with Devices for Teams.

Whether you’re a start-up or corporate business, we can provide a subscription that is designed for you. From creatives to accountants, we have a range of technology to suit all industries and are an Apple Approved Reseller.

Find out more today

If you would like to discuss our Devices for Teams subscription service, or any of our other leasing options, please don’t hesitate to get in touch. One of our expert team members will be able to help you allocate your IT budget for this financial year and be on hand to answer any questions you may have.