Lowering IT Costs for Accountancy Firms Through Leasing

Accountancy firms across the country are facing a particular challenge: keeping up with technology while reducing their costs.

According to Accountancyage.com, UK accountancy firms have reduced their tech spending by 15% compared to the previous year. While this may seem like a setback, it's indicative of a shift towards more strategic investments. Rather than sporadic purchases, firms are focusing on initiatives that enhance their infrastructure, empower their teams, and upgrade client experiences.

In this landscape of strategic technology investments, leasing emerges as a game-changer for accountancy firms.

IT Subscription Models and Cost Reduction in Accountancy Firms

With an IT subscription model, firms can effectively manage their cash flow while ensuring access to the latest technology. These are the benefits of a leasing approach to technology:

1. Reduce IT costs
By leasing you not only spread the cost of an asset over time, you also reduce expenses and ease financial burdens. InnoVent’s subscription model reduces IT costs by investing a Residual Value on the asset. This means you only end up paying a fraction of the equipment's total cost
2. Refresh Strategy
Unlike most leasing companies we actually want the equipment back at the end of your lease, because we then refurbish it and offer it to a second user. This avoids obsolescence for our clients, allows us to extend the useful life of corporate devices and creates a discipline refresh strategy that benefits your firm and team with the latest technology. There’s no obsolescence and the costs that brings with it.
3. Right-sourcing:
Right-sourcing is all about choosing the right type of equipment for the needs of your staff. Not every role needs the latest and greatest technology. Many of our clients benefit from mixing and matching new with refurbished IT equipment. Our 2nd Life IT range of corporate refurbished laptops are outstanding. Refurbished to ‘as good as new status’, you can save up to 40% of the price of new and they are fully supported by InnoVent during the entire length of your subscription term.
4. Reduce maintenance costs
Speaking of support, all new equipment under subscription comes with a 3-year warranty from the manufacturer and just like we mentioned before, all our 2nd Life IT equipment is covered by our own warranty to give you peace of mind. We also offer repair services for user-induced damage at considerably lower costs compared to using the manufacturer’s repair service.

If sustainability is important for your business, then this approach will also allow you to meet your ESG goals. Our IT subscription model, available for both new and refurbished equipment, enables you to join the Turn IT Green initiative. This initiative focuses on extending the useful life of corporate technology assets, reducing e-waste, and minimizing carbon emissions related to manufacturing. 

Leasing also provides a strategic advantage in the current climate where cloud migration, automation, and AI integration are paramount. Accountancy Firms can embrace these transformative technologies without compromising their financial stability.

Leasing presents a convincing solution for firms looking to reduce technology spend while staying ahead of the curve. By adopting a subscription model, firms can navigate economic challenges with confidence, empower their teams with the latest technology, and deliver exceptional value to their clients.

Can we help you reduce your IT Costs? Please get in touch with us here, we are happy to help.