Leasing IT infrastructure on finance is undoubtedly an effective way to reduce some of the upfront costs of building your asset architecture, but these costs can still be scaled back further. Read on for five tips on further reducing asset management costs, thus streamlining your business and leveraging the very best from these assets.
Choose the Right Software
It's difficult to keep track of all of those assets on your own. As your asset roster grows, this difficulty increases until manual processes are no longer enough. This is why asset management software can make all the difference, helping you to keep on top of the IT infrastructure and other assets you lease. With an asset management platform, you can access data on deployment duration, time since the last maintenance check, performance information, and other relevant areas. With this information, you can control and reduce the ongoing costs of asset management.
Be Proactive with Repair and Maintenance
Each of your assets has its own maintenance cycle — a schedule of regular checkups and assessments that keep the equipment working at its best. This is true for assets on finance contracts as well as those purchased outright. By adhering to the ongoing maintenance schedule and being proactive, you can eliminate more sizeable costs further down the line — for example, large-scale repair or replacement costs.
Draw Upon Data
Data is your friend when you are leasing assets on finance. We've already touched on some of the data points you can be leveraging above, but this is just scratching the surface — there are plenty of other areas of information you should consider tracking. User behaviour data, time taken for task completion, security incidents, points of integration with other solutions — all of these pieces of data, as well as others, can provide insight into how the infrastructure is performing and how this can be enhanced in the future to reduce costs.
Maintain a Spare Part Inventory
There are other costs to consider here, such as the cost of downtime that results when solutions are out of action. Sourcing spare parts and then installing these can be time-consuming, making it difficult for organisations to maintain adequate levels of business continuity. Maintaining a spare part inventory streamlines the repair and replacement process and minimises downtime.
Ensure All Personnel Are On Side
The whole team needs to be aware of why it is important to reduce the cost of asset management and what they can do to achieve this. By fostering high levels of engagement within your team, you are encouraging personnel to act with the interests of your business in mind. With transparency, communication, and a positive workplace atmosphere, this widespread engagement is not so difficult to achieve and can lead to reduced costs once behaviours are modified.
Find Out More About Leasing Assets from Grenke
Here at Grenke, we help our clients hit their targets with IT infrastructure delivered on finance. Reach out today to discover more and leverage the benefits for your organisation.
Talk to GRENKE today!
As one of the leading financial service providers in the Irish market, GRENKE’s slogan is ‘Fast, Forward, Finance’. GRENKE offers entrepreneurs fast and flexible financial solutions through a range of services including leasing and invoice finance. We match the perfect financial solution to your unique business needs, from small businesses to large enterprises.
Over the last 40 years, GRENKE has provided leasing to numerous styles of businesses and organisations; sole traders, partnerships, public and private limited companies, associations and organisations, medical, health, and educational providers, public hospitals, semi-state institutions, Government bodies and so much more.
Our expertise and strong market position are no coincidence. If you are a business owner looking for financial solutions in Ireland or professional financial advice on fast and flexible financing, talk to us today