Financing IT Equipment Superhero Compressed

The public sector landscape has changed dramatically. As technology advances and the nature of work evolves, citizens and public sector employees' demand more seamless digital experiences. Citizens need more effortless and effective ways of interacting with various state and local entities, and these entities must grow and shift with these advances to flourish in this new digital future.

Modernizing public sector IT infrastructure is not an option but imperative to exceed citizen expectations and stay ahead

Many agencies have legacy equipment that is expensive and difficult to manage and can't support remote work. Mitel solutions help the public sector reduce the complexities around communications systems, integrate disparate applications, and reduce operational costs to enhance the customer experience. Modernizing IT infrastructure is not an option anymore but an imperative to stay ahead. Financing IT equipment could provide the answer for many cash-strapped agencies wanting to upgrade their systems.

Financing IT equipment helps budget constraint agencies keep up with digital transformation

Like many businesses, the public sector faces many challenges due to budget constraints because of the ongoing pandemic. These constraints have specifically had an impact on state and local agencies' ability to obtain financing. In 2020 municipal capital budgets were cut by as much as 20% -30%. Public sector IT managers are turning to leasing equipment as a good option to keep up with the latest technology. With Mitel and NCL Government Capital the public sector can modernize their communication infrastructure and get access to the right equipment exactly when they need it. Below NCL Government Capital outlines the main drivers to consider when choosing financing and what the main benefits are:

Financing Drivers

• Maintaining up to date technology: planning the roll out of projects can often be a long process, and leasing offers a guard against inevitable improvements.

• Budget constraints: With financing equipment agencies can rely on predictable payments or have options to defer payments until the next budget cycle.

Benefits of financing public sector IT Equipment

• Smaller, lower annual expense over a period of time vs. a large up-front capital expenditure

• The current market lends itself to low rates vs the traditional commercial lending rates

• Allows IT project to move forward on time

• Avoids the cost of maintaining or waiting on a project

State and Local entities have always had long-term goals of modernizing and reforming their IT infrastructure. Digital transformation at its core will help create a better, connected, and collaborative public sector, ultimately breaking down the barriers to success across departments and with the citizenry.

 
 

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