Cost of Giving Crisis: How IT can help charities lower their operational costs

Charities nationwide are struggling with the challenges caused by the Cost of Giving Crisis—a storm of falling income, rising costs, and an increased demand for services.

The recent UK Civil Society Almanac highlights how the pandemic worsened the sector's financial strain, pushing a quarter of charities to consider scaling back services. This alarming trend puts at risk essential services, leaving many individuals dependent on them without vital support.

Strategic Savings Through Technology

A practical solution for charities to reduce operational costs lies in the realm of IT.

Non-profits can obtain significant savings by not only choosing the right type of equipment but also by transitioning from the traditional capital expenditure (capex) model to an operational expenditure (opex) one. This shift helps avoid large upfront costs, ongoing maintenance expenses, and the risk of obsolescence that can impede progress.

Savings Range: 20% to 50% on IT Equipment

InnoVent presents a strategic approach through leasing. By adopting an opex model, nonprofits can spread the cost of IT equipment over a lease term, usually 3 years, preserving capital and ensuring predictable quarterly expenses. This financial predictability enhances planning and budget allocation, as mentioned by Liz Ranger, Director of Services at Blackfriars Settlement:

"Working with InnoVent has been brilliant for us. It has delivered an element of predictability around the cost of IT and ensured that we can troubleshoot and solve problems quickly. We are able to budget much more easily knowing exactly what it will cost us for the coming years, with the assurance that our IT software and hardware will be kept up to date".

InnoVent's shared owenership model offers businesses and charities a cost-effective alternative. Savings from 20% on brand new equipment or up to 50% on 2nd Life IT, our own refurbished corporate equipment that includes high-standard corporate devices from Dell, Lenovo and HP. You can download our 2nd Life IT catalogue here

Additionally, InnoVent offers ongoing support and warranty throughout the subscription term, ensuring reliability and peace of mind for the organisation's IT infrastructure needs.

Charities such as Mary Ward Center and Blackfriars Settlement have experienced the advantages of these alternatives, as detailed in their own accounts.

By embracing these options, charities can leverage cutting-edge technology while optimizing their budget, thereby increasing their positive impact within the community. It's crucial to recognize the urgency of this support—charities serve as lifelines during challenging times, and any reduction in services could leave countless individuals and communities without vital assistance.

Get in touch with InnoVent; we have the expertise and knowledge to assist your non-profit in achiving savings, staying up to date with technology, and embarking on a sustainable technology journey.

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