Is your IT organization being asked to deliver more and more projects with less and less budget each year? If so, a well-managed IT Equipment Leasing program may provide some much-needed financial relief. Leasing effectively expands your IT budget. You can hold onto your cash and instead spread payments over the term of a three year (or longer) lease. And with “Fair Market Value” leases you may only pay 80-90% of the purchase price for a piece of hardware during the lease.
Using our Equipment Lease Sourcing software you can get competitive financing bids for server hardware, storage devices and networking gear.LEARN MORE
Are you struggling to keep pace with the non-stop pace of hardware innovation? The laptops and servers you bought three years ago are already becoming obsolete. IT Equipment leasing programs, if managed effectively, can provide much needed relief. Imagine replacing your laptops, servers and storage devices every three years with the latest and greatest technology.
A leasing program can help you outrun technology obsolescence and save you money in the process. Of course, if you don’t exchange equipment at the end of the lease you will not only miss out on the new technology, but you will end up paying more in evergreen fees as well.
LeaseAccelerator can help ensure that this doesn’t happen to you. Our Equipment Lease Management software will notify you months in advance of end-of-term deadlines so you can put an end to evergreen fees.LEARN MORE
Scale Your IT Equipment Leasing Program
Do you want to grow your IT Equipment Leasing program, but struggling to find the time and resources? Leasing offers many benefits, but it also introduces new complexities to the business. Specialized accounting software is needed to properly report IT equipment leases on your balance sheet and income statement. You’ll need to track all the laptops, servers and switches you lease throughout the term of the lease and be prepared to return them in good condition at the expiration date. For these reasons some CIOs have shied away from IT leasing programs.
But with our Equipment Lease Management software, many of the traditional challenges associated with scaling IT leasing programs go away. LeaseAccelerator will help you track all of your leased equipment from start to end-of-term. And we will make sure your friends in accounting can properly report equipment leases in your 10-Qs and 10-Ks.LEARN MORE
Learn More about Enterprise Lease Accounting
White Papers, Handbooks and Research Studies
With the deadlines for the new lease accounting standards approaching quickly, many companies are asking how software can help automate the tasks required for the transition period. US GAAP filers adopting ASC 842 will be required to provide three years of comparative reporting.
Learn the differences between contract-level and asset-level lease accounting in this technical white paper. Review examples of the impact of asset-level decisions, judgments and events for material handling, data center and IT equipment.
Considering Lease Accounting Software to comply with the new FASB or IFRS standards? Download this eBook to understand the potential time and cost savings opportunities resulting from automation of lease classification and financial reporting.