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.
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.
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 Furthermore, you could be stuck with outdated equipment, whereas in leasing, updated equipment is always available.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.
In recent years, we have seen cloud computing become the industry standard for computing and storage resources. Cloud computing uses four different models, indicating how services are made available to users. Learn more about the 4 Cloud Hosting Models:
Public clouds are available for anyone who would like to make use of the resource, from low security application development to file and email sharing. One example of this would be Google applications such as Gmail and Google Drive. These are available through the use of a public cloud, accessible by any user with an account at any time.
Just like it sounds, a private cloud is a private network typically used by a single organization for security. The cloud can be easily managed onsite or offsite by outside groups or third party organizations. While much more costly than its public counterpart, private clouds are the better option for organizations that require the extra security and privacy.
In a hybrid cloud, organizations make use of a combination of private and public cloud infrastructure. The most common use is when an organization needs to quickly scale up their IT infrastructure to provide the necessary cloud capacity, like an online retainer during the busy holiday season.
A Multi-cloud is any combination of public, private, and hybrid clouds. Within an organization, there might be multiple private clouds in addition to private clouds. These clouds can be interconnected or separate. The multi-cloud category is a catch-all for any mixture of clouds, therefore allowing for the most flexibility and customization.
Having cloud hosting trouble? We can help! WesTec Services is a trusted and experienced IT services provider located in the Houston area. Give us a call today or visit our website to see what WesTec can do for you.
Most technology users are aware of the need to protect their devices but fail to understand that the mobile device can be a much bigger, and different, risk than a work desktop computer. Learn more about mobile security threats and how you can avoid them:
Is mobile security important?
While many people choose easy passwords or fail to password-protect their phone at all, mobile devices are a host to some of our most personal and sensitive data. Most users keep passwords, credit cards, and personal information all in their phones, a gold mine of information for any cyber-criminal. Protecting your cell phone is more important now than ever due to the increase of valuable data we store on it as well as the increase in mobile security breaches and cyber-criminals.
Mobile Security Breaches
Mobile security breaches are completely different from desktops. On mobile phones, there is not much need to log on, especially if the user does not have a password. Furthermore, most times apps are constantly running in the background and do not require passwords to access all of your different accounts.
Secondly, most mobile users are less likely to check the validity of a link before it is clicked on. The small phone screen makes it difficult to see an entire link and pages often show up differently or incorrectly on mobile. This makes it much easier for fake links and phishing schemes to attack your phone and threaten your security.
How to Protect Your Information
A key part of avoiding mobile security threats is understanding what apps are tracking your information and which information they are using. Many apps use information such as pictures, contacts, and internet data to make decisions about what to show you. It is important that users understand how their information is being used.
Another security recommendation is to avoid malicious apps. There are third-party app stores available on the internet with many different offerings but it is recommended that you only buy from official app stores like Apple or Google Play. These app stores are much more closely monitored and therefore safer than apps downloaded from deep in the Web.
If possible, avoid using public wifi networks. Using unsecured public WiFi can give people the opportunity to intercept your information and easily gain access to it. If you must use public WiFi, download a VPN. A VPN, or virtual private network, creates a private network from the public internet, allowing you to establish an encrypted and secure connection while accessing the public internet.
Mobile security threats are very real and can very dangerous to the privacy of your personal information. Choose a business technology provider that you can trust. WesTec offers many different services, from IT consulting to smartphone support. For more information, visit our website or contact us today.
Does your company have its own internal IT department? Do you feel that there is a misuse of time and resources due to inefficient practices within your company? Consider outsourcing your needs to someone with knowledge and focus on how to benefit your organization’s current technology needs.
There are four main reasons why you should consider outsourcing your IT needs:
Outsourcing to someone who specifically handles and is knowledgeable about technology is cheaper than hiring and training someone to handle it internally.
Having on-call technicians with training in the technology field will help avoid problems and system failures. The outsourced IT company will usually be knowledgeable in information backups and recovery in the case of a disaster. In addition, outside companies can more easily avoid the bad situations all together by being prepared specifically for them.
You decide how involved or not involved the outsourced company is in your day-to-day operations. Your company sets the pace and the outsourced support caters to your needs. You create the plan that best suits your business, allowing for the most optimal levels of business productivity and desired interaction between business and IT.
Remain Focused on Business
When delegating technology services to someone else, you are able to focus time and effort on the business side of things. No need to worry about the technology when you have a more knowledgable third-party source to handle it. Focus on what you know to optimize your time and efforts and allow for the best use of company time.
WesTec Services is skilled in handling all our outsources IT needs. We offer a full range of services and plans to handle your office technology. To learn more, contact WesTec Services 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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