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Leasing vs. Financing IT Equipment

 

IT equipment is essential for businesses in 2021. The main question is — leasing vs financing IT equipment? There are pros and cons for both options, but it depends on the kind of working environment, efficiency requirements, and budget. 

Leasing 

One of the greatest advantages of leasing is not being financially responsible for the equipment. Rather than having your company held responsible, you would be passing the financials to the leasing company. Instead of paying up front for the equipment needed, leasing allows you to set a monthly payment. A lease is also an option that will guarantee the same equipment with fixed monthly payments. 

Financials aside, leasing provides access to the newest, up-to-date equipment. Once your equipment has run its course, you can easily upgrade. Newer equipment requires less maintenance, which allows for greater productivity. 

However, there are some disadvantages to leasing IT equipment. Depending on your leasing terms and IT needs, leasing can be more expensive than financing — especially if you sign a lease and don’t end up using the equipment, as you are still obligated to pay. 

Financing

If leasing isn’t for you, you also have the option to finance. When financing, there are no contracts involved — you simply buy the equipment directly from the source. If maintenance is required, financing allows you to go about it at your own discretion. You won’t need to make an appointment with the leasing company or be stuck with damaged equipment. When you own the equipment, you can simply take care of everything on your own. 

For businesses on a tight budget, financing is the more cost-effective option. With one simple payment, the equipment is yours! 

However, there are a few downsides when it comes to financing. Depending on the business, making a big investment like this could max out your credit lines. Furthermore, you could be stuck with outdated equipment, whereas in leasing, updated equipment is always available. 

The Final Decision 

Between financing and leasing IT equipment, both have their pros and cons. However, it is up to you to decide which option is most cost-efficient, given your budget and IT needs. For the most advanced models that don’t require one big payment, leasing would be the best option. For a one-time payment and maintenance freedom, the best option would be financing. 

 

  Not sure whether to finance or lease IT equipment? We can help!    Feel free to give us a call or visit our website

3 Small Business Tech Trends of 2021 - WesTec Services

3 Small Business Tech Trends of 2021

It’s hard to believe we are already halfway through 2021! It’s been a whirlwind year thus far, but we have seen many advancements in business technology. As remote work becomes the new normal, businesses everywhere have begun adopting new technology and software to make this transition easier. Here are a few small business tech trends that have proven to be revolutionary this year:

3 Small Business Tech Trends of 2021 - WesTec Services

AI-Operated CRMs

In 2021, small businesses everywhere are looking to streamline their work with CRM software. AI-operated CRMs (Customer Relationship Management) allow businesses to effectively identify, track, and target leads through automated campaigns. Businesses have found that CRMs are a more effective approach to their sales processes, as this software produces more personalized customer engagement.

 

Remote Onboarding

Since the pandemic, many industries are making the switch to remote work. As smooth and successful as this transition has been for some, remote work may become a more long-term option. Now, businesses are implementing remote onboarding software to simplify and expedite the hiring process. This new software is more convenient and cost-effective than traditional hiring processes.

3 Small Business Tech Trends of 2021 - WesTec Services

Centralized, Comprehensive HR Software

Remote work provides so much ease and convenience for employees and executives alike. However, with limited human-to-human contact, HR departments have had difficulty keeping up with the needs of their employees. With the introduction of centralized HR software, HR professionals can automate daily processes and store data. This software will also improve performance management and employee communication.

 

At WesTec Services, business technology is our specialty. From Managed Services and Network Installation to IT Consulting and more, we’re your one-stop shop. From computer hardware and software to telephone systems and integrated security, we’ll make it all work seamlessly together. 

Interested in learning more about the services we offer? Visit our website or contact WesTec Services today!

Want to stay up-to-date on emerging business technology trends? Visit our blog.

Don’t forget to follow us on Facebook, Twitter, and LinkedIn!

How to Improve Your Computer's Speed - WesTec Services

How to Improve Your Computer’s Speed

Doesn’t your computer always seem to lag when you have a rapidly approaching deadline? A slow computer can decrease productivity and increase frustration. To help eliminate frustration, try one of these tips to increase your computer’s speed and performance.

Uninstall Unused Programs

Programs take a lot of space on your computer. Over time, you accumulate programs that might run in the background without your knowledge. Uninstalling the programs you don’t use on a regular basis may increase your computer’s speed and response time.

How to Improve Your Computer's Speed - WesTec ServicesDelete Temporary Files

Every time you download or install a file on your PC, it keeps a temporary file. If your computer is running slow, you can delete these files to free up space. To do this, find the “Temp” folder in your drive. Select older files and press the delete key. Make sure you empty the recycling bin to completely wipe files from the computer.

Invest in Hard Drive Storage

Sometimes you might need to have easy access to many files. However, keeping them all in once place will affect your computer’s speed. To keep your computer tidy, you can purchase an external storage drive to store thousands of files.

Increase RAM

Random Access Memory (RAM) acts as your computer’s short-term memory. It quickly loads items it thinks it will need to access soon. But, if your RAM can’t handle several applications at once, your computer will lag. Increasing the RAM can be an easy and cost-effective way to improve your computer’s speed.

Work with Our IT Professionals

Our trusted IT professionals at WesTec Services can help diagnose why your computer is slow and offer solutions to improve its speed through our managed IT and IT consulting services. Contact us for more information.
How to Secure Your Business Mobile Phone - WesTec Services

How to Secure Your Business Mobile Phone

Business mobile phones can be used for a range of commercial operations, including inventory control, customer relations, advertising, marketing, banking and more.

Here are few ways to ensure your mobile phone and its valuable data is protected against hackers and malware:

1. Update your phone.

Most of us are guilty of ignoring operating system updates on our business mobile phones. However, the longer you wait to update your phone, the more out of date your systems are, making you an easier target for hackers who can easily identify and exploit system vulnerabilities.

How to Secure Your Business Mobile Phone - WesTec Service2. Lock your device.

If your business mobile phone contains private information about you or your business, it is important to always engage the four- or six-digit passcode on your device. Don’t use the same password for all your accounts and be sure to change your password occasionally for good measure.

3. Manage app permissions.

On your mobile phone, you can grant apps permissions, like access to the camera, microphone, your contacts, your location, your pictures, and more. Be sure to keep track of which permissions you’ve given to which apps, and revoke permissions that are not completely necessary.

4. Back up your data.

Things happen, but you can always be prepared. When you back up the data on business mobile phones, you are able to protect your important documents and images in case of any loss.

5. Ignore spam and phishing emails.

One of the easiest ways for hackers to access your information is through email. Be sure you don’t click on links in promotional emails, open suspicious attachments or run updates that are promoted through emails. If you need to access sensitive information, report directly to the organization’s website to login.

Connecting the dots with business mobile phones can be confusing, time consuming and costly. For a reliable business mobile phone provider in Houston, contact the experts at WesTec today.
How to Get the Most Out of Your PC - WesTec Services

How to Get the Most Out of Your PC

Because computers are powerful tools that we are likely to use in our everyday business or personal lives, we want to be able to get the most out of them. Here are a few tips to help prevent the most common causes of a PC meltdown:

  Keep it cool

How to Get the Most Out of Your PC - WesTec ServicesComputers are complex electrical devices that hate to get overheated. The most common cause of overheating in your PC is dust accumulation inside the case, resulting in a slow-running, stopping and starting, and even a failed processor. To avoid overheating, locate and use your PC on a desk or other hard surface, as blankets or pillows block the cooling vents on the underside of the case.

  Keep it secure

Passwords are important to keep malicious intrusion out of your wireless network, keep documents on your PC secure, and for use on internet sites where payments may be required. A strong password uses at least eight characters that combine upper and lower case letters, numerals, and punctuation marks. It is advised to avoid the use of personal information in your passwords and to not use the same password for every account you have.

  Keep it backed up

Due either to your hard drive wearing out or due to software corruption, you may need to replace your PC or hard drive in the future. To preserve personal or business-related data, is it important to keep a current backup of it on a separate device (with an external hard drive) or with a Cloud-based service. If you don’t have a lot of data, flash drives will work well. Backups can be configured to occur automatically.

Whether you need backup disaster or recovery services, a network installation, or IT consulting, the experts at WesTec have you and your PC covered. For reliable IT managed services, give us a call today.
The Advantages of Financing & Leasing Business Equipment-WesTec Services

The Advantages of Financing & Leasing Business Equipment

The Advantages of Financing & Leasing Business Equipment-WesTec ServicesWithin every industry, from heavy machinery to computers, possessing the relevant equipment allows a business to properly operate and grow. However, certain equipment may require a costly investment. If a business is seeking to purchase new equipment or upgrade existing inventory, equipment financing and leasing has become a popular method of equipment acquisition. Equipment financing and leasing is used to provide companies with the capital necessary to purchase needed equipment–the equipment acts as collateral for the loan. Regardless of the type of business and size, financing important equipment through a finance arrangement can be beneficial. Here’s how: • Save money. Equipment financing can save a business money by bundling the equipment, installation and maintenance for a single, cost-efficient solution that maximizes budget. • Stay up-to-date. Because of its affordable cost, a business can remain up-to-date with changing technology trends and equipment to maintain competitive advantage. • Accelerate ROI. Tax leases allow businesses to secure working capital, invest it, and make more money while paying less for the equipment by writing off payments. The Advantages of Financing & Leasing Business Equipment-WesTec Services • Hedge against inflation. Financing and leasing allow business owners to lock their original signing rates to avoid future equipment inflation. • Tax advantages. Depending on the structure of a lease, all lease payments may be written off as a deduction. WesTec Services provides commercial equipment financing and leasing solutions for businesses of all types. At WesTec, our experts work diligently with both equipment buyers and vendors–offering an equipment financing solution that is suitable for all needs. Our monthly-payment package may include equipment, software, maintenance, shipping, installing and training for a true turnkey solution for business technology. Whether planning the purchase of a single piece of equipment or designing a system for future development, WesTec strives to provide the appropriate business technology analysis for optimal business growth! Contact us today!

Mission: WesTec will be a “turn-key” solution for all of its clients’ business connectivity needs. It will offer efficient and effective solutions, directly and with strategic partners, that create tangible value for its clients at every point of contact. Westec will serve all people and entities with a servant’s heart.

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(713) 682-4000

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