Maintain the latest tech with OPEX

It's an exciting time for innovation in the AV and UC&C industries. With hybrid working here to stay, tech brands have successfully pivoted to offering new solutions that give the best experience in and out of the office. But the rapid change in technology presents businesses with some challenging choices. Is it always best to invest in potentially expensive technology when working habits, and the technology itself, is in such a state of flux? The issue is exasperated by the current cost of living crisis, with many businesses now looking carefully at their spending.

So, what's the answer? How can businesses offer their workforce the latest tech, helping productivity and connectivity, in a way that doesn't blow the budget? One obvious solution is our Mi Hardware as a Service model, which lets businesses take advantage of the latest products without worrying about the technology becoming outdated or even obsolete.

It works like a subscription service and gives businesses instant access to cutting-edge screen providers such as Samsung, LG, and world learning video and voice conferencing experts Poly.

The cost benefits Many would consider renting equipment because of the affordable monthly price. Paying monthly means that you can quickly equip your workspace with powerful, exciting technology and save your capital, possibly for investment in other areas. What makes Mi Hardware as A Service so attractive as a financing solution is that it actually costs less than the total price of equipment ownership. Moreover, operating lease/rental payments do not get added to your balance sheet. Payments are considered operational expenses (OPEX) and are therefore taxdeductible. Repayments can even be aligned to a business's budgetary cycles.

The model can also save on maintenance costs; we'll replace parts or equipment if something goes wrong.

Altogether, Mi Hardware as a Service can deliver cost savings that will genuinely help businesses' bottom line.

Hardware as a service vs a traditional lease Many businesses will be more familiar with leasing equipment, where the technology will become owned by the company at the end of the lease (by which point, the tech will be old). The Hardware as a Service model provides more choice here – so you can choose to either return what you have, extend the agreement to continue renting, or select a new product. This effectively means that you can choose to always be up-todate with the latest tech.

For more information on Mi Hardware as a Service please visit miglobalservices.com or email info@miglobalservices.com.