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Convert a Large Capital Expense into a Manageable Operating Expense!By Dan Edwards, CEO
Hardware as a Service (HaaS) may not be a term you’re familiar with, but it’s something worth considering if you shudder at the cost of your next major network upgrade and how it will hit your cash flow in a big way. Working capital has never been more critical in today’s businesses, nor is it likely to change in the near future. How do you know when its time to replace your server to ensure adequate performance and not pose unnecessary risk to your practice?
Hardware as a Service is becoming a more common solution for professionals that don’t want to be saddled with, or simply can’t afford to take on, the capital investment of updating their computer hardware. You can’t always control your circumstances, but planning ahead to have more cash on hand always helps. Here are a few of the benefits you may find most valuable when considering your technology options.
Financial Benefit. A one-invoice solution for all hardware, installation, maintenance and services, all for a FIXED monthly rate that is easy to budget in one low monthly fee. Purchasing your computers via a HaaS program is like having a condo. You get control of what goes in it, but don’t have to worry about maintenance, building code issues, or updating the façade. Everything in one low monthly fee.
How refreshing would it be to write off 100% of your IT expenses without having to depreciate those assets over time? This will also eliminate the need to worry about whether you have reached your Section 179 cap for the year since HaaS is almost always written off as an operating expense.
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