Rent Vs Buying a Business Phone System

For a small business, using a phone system is often the defining factor in being recognised as a serious contender in your field (as distinct from a guy with a website and a mobile phone). If your business has more than 4 staff, using a business phone system is going to steamline your communications and offer your business many features to assist your customer service efforts.

Once you’ve made the decision to purchase a business phone system, besides working out which model best suits your requirements, the next step is deciding how you will finance it.

We’ve put together some key considerations in deciding whether you should rent or buy your business phonesystem.

Capex vs opex
If you pay outright for the phone system, it will appear as a capital expense on your balance sheet, if you rent it will be an operating expense. The main differences are the impacts that the purchase may have on the cashflow for the business (if purchased outright). Operating rental agreements generally do not require balance sheet disclosure, and hence will not affect the financial gearing of the company. In addition, it will have a marginal impact on the return on assets managed ratio. You can also structure financing payments to accommodate budgetary and cost constraints.

Flexibility
High technology equipment quickly becomes outmoded and obsolete. Renting this type of equipment offers a low entry-level cost. Renting further provides the freedom to upgrade or change equipment when the need arises.Agreements can be structured to best suit institutional requirements in terms of repayment periods and repayment structures. Contract periods can further be tailored to suit the useful life of user groups, asset types or individual pieces of equipment. You should consider speaking with your supplier as to whether you will own the business phone system outright at the end of the rental period.

Improved customer service and retention
Every business aims to deliver high-quality customer service and these systems help you do just that – in every way your clients are handled professionally. Features such as caller-ID, auto-attendant, call transfer and conferencing mean that your businesscommunication needs with your clients and business partners will be easier, more efficient or more welcoming.

Contact Us:
Unit 45, 11-21 Underwood Road, Homebush 21400
1300SYSTEM (1300 797 836)
enquiries@rentaphonesystem.com.au
http://www.rentaphonesystem.com.au

What are the advantages of renting out business phone systems?

As businesses become more focused on their core competencies it is often possible that ancillary tasks could be taking up a huge chunk of the resources whilst being unable to deliver commensurate marginal value. Communications systems, especially, phone systems could be one such area. Best left to the experts a unified, efficient and well deployed phone system is an excellent asset that can work wonders for the business. However, the same, if handled inefficiently can drink in many a man hours and end up being a difficult monster to handle.

Rent a Phone Systems, therefore, allows you the flexibility of both worlds by simply offering a plug-and-play rented solution. When you choose for us to be your communications partner, we make sure that we allow you the maximum focus on your core competencies, your consumers, your processes while we handle your phone systems in the background.

There are no hardware purchase hassles, neither are ownership worries. You pay for the usage and we take care of the hardware, deployment and working of the system. Passing on enough know-how and expertise for you to be able to handle the day-to-day working of the system, we free up both technical and human bandwidth – aiding overall reduction in costs.

Operational costs and maintenance costs remain at the lower end as the assets in questions are owned by us and you use pay for the usage. Scalability and in-built redundancy of our solutions ensure that you can allow your phone systems to grow organically with the growth of the organization. Not having to worry about whether to invest too heavily upfront or worrying about a sudden escalation in spending. Our solutions allow you to grow your systems at a pace that is consistent with your business objectives.