In the IT services industry, companies often face unique challenges that demand innovative solutions. This case study explores three scenarios where organizations successfully overcame specific hurdles and achieved success by leveraging leasing solutions from Get It Lease.
Challenges:
Limited Infrastructure Expansion Budget: A prominent IT services company aimed to extend its network infrastructure across Pan India to reach new subscribers. However, they were hindered by limited capital expenditure due to intense market competition and low margins.
Financial Strain from High-End IT Equipment: The high cost and rapid depreciation of the company's high-end IT equipment caused financial strain. Additionally, they sought tax advantages to optimize their spending.
Solution Provided by Get It Lease:
Enhanced Reach: Get It Lease offered the IT services company an operating lease solution, enabling them to lease routers instead of making a substantial upfront investment. Through this arrangement, the company paid a structured nominal rent spread over 36 months. This approach allowed them to extend their network infrastructure across India and reach new subscribers effectively. By opting for an operating lease, they conserved their capital and maintained financial stability, crucial for navigating the competitive market with its intense competition and narrow profit margins.
Deployed Financial Strategy: To tackle the financial challenges associated with high-end IT equipment, the company opted to lease the required assets. Leasing offered tax benefits, as lease payments were tax-deductible, reducing the company's tax liability during filing. It also eased the financial burden by avoiding upfront purchase costs.
Implementation and Results:
Enhanced Reach and Financial Stability: The IT services company successfully reached over 30,000 new subscribers initially and continued to expand their reach while conserving their initial capital and maintaining financial stability.
Financial Relief: The company enjoyed tax benefits that intern reduced financial strain. The ease of obtaining a lease allowed them to optimize their spending, benefiting from advanced IT assets without the need for significant upfront investments.
In the competitive world of IT services and IT consulting, leveraging leasing solutions from Get It Lease proved to be an effective strategy for overcoming challenges and achieving success. These cases demonstrate how companies conserved capital, simplified equipment upgrades, and enjoyed financial benefits by partnering with Get It Lease. Through these leasing arrangements, the organizations positioned themselves for growth, agility, and continued success in the dynamic IT industry.