IT Budgets – Round 2 Means Budget Cuts…Or Does It?

When you spend all those hours trying to align your IT budget with company goals and fulfill the needs of your end-users for the upcoming year, it can be disheartening when the finance team asks you to cut more deeply. After all, the IT department’s needs are in alignment with company growth and strategies, not some made-up number. Fortunately, there is a way to get what you need to fulfill your obligations to end-users and still maintain a budget that finance will embrace.

Flexible Solutions for Flexible Needs

NEC Financial Services has provided IT finance solutions for more than 30 years, and during that time has supported many companies in getting their IT needs met through flexible financing options. The best part? You can purchase various IT hardware, software and associated items from multiple vendors and have NEC create a financing package customized to your specific needs.

“We believe in orchestrating the best solution for our customers so that it simplifies the overall IT purchasing process,” said Herschel Salan, vice president, NEC Financial Services. “IT acquisitions can be difficult. By simplifying the financing process with a single source, it removes some of the complexity and gives our customers an easy way to budget for their required technology.”

#IT budget doesn't have to be an issue for new #technology. Click To Tweet

Providing this type of service is a standard part of the NEC finance model. This team understands the nuances of purchasing technology, and the complexity that comes from needing to upgrade while maintaining legacy systems, or to utilize newer technology, such as cloud, while still keeping sensitive information on premise. In fact, the NEC Financial Services team goes beyond the dollars and cents, providing a common-sense approach to our customers’ technology acquisitions.

“We go the extra mile, essentially acting as a project manager or liaison,” said Salan. “Our team performs due diligence on the technology provider for the customer, so we can be sure that all parties are informed as the project comes together.”

Salan went on to explain:

“Sometimes our customer is not that familiar with a technology provider and is unsure on the best steps to take to learn more. Our service provides due diligence so the customers know the providers that they are doing business with, and will have good information to make a solid decision. This includes any red flags that may come up such as financial capacity being stretched too thin, as well as being manufacturer authorized to sell and support the products.”

Obviously, having this type of information helps buyers make a solid, secure decision on moving forward with a technology provider.

No Cookie Cutter Here

A common complaint regarding the financing of technology is how difficult it can be via traditional sources. Bankers are not technology people. “What sets NEC Financial Services apart from many of the traditional financing options are: (1) we understand how technology is a business enabler and (2) we have the ability to help enable the acquisition of the technology, “according to Salan.

Furthermore, underwriting is often standardized, making it difficult for loans to be issued unless you can find a less traditional resource. NEC Financial Services approves more than 90% of transactions submitted. How is that possible?

NEC #Financial Services approves more than 90% of transactions submitted. How is that possible? #IT Click To Tweet

“We have a proprietary credit scoring system that ensures we are making the best decisions for our customers,” said Salan. “We take the time to understand the customer’s needs and goals, and then to understand what the acquisition of the technology will do to improve and support the business. Doing so enables us to really invest in our customer’s success and future, and give them a way to finance technology that could be a real game-changer for their business.”

More Than One Way to Get that New Technology

NEC Financial Services has a multitude of finance options that allow for customers to acquire important technology, including:

  • Leasing Options – from Operating Leases to Finance to Own, NEC has several leasing options that support customers’ needs.
  • Maintenance Financing – how nice is it to have the option to finance one of the more expensive, yet critical components of a new technology purchase – maintenance?
  • Tech Refresh Lease – Customers can get technology  updated with a simple schedule as an addendum to the master lease or finance agreement. It’s easy and gives a customer an opportunity to keep on top of technology changes.

Winning Round Two of Budget Cuts

Don’t let those rounds of budget cuts get you down. Simply find the best finance option available and get the technology you need to be successful.

“Our goal is to develop long-term relationships with customers who are growing and need a partner that really understands technology to provide financing options,” said Salan. “Technology is in our DNA, and our team is committed to providing excellent service to ensure we get our customers the technology they need to improve their businesses.

Whether it’s aligning with a major business objective, needing to replace obsolete technology, or keeping on top of rapid technology changes, NEC Financial Services has options available for you.  Contact us today to learn more!

Did You Consider This in Your 2015 IT Budget

Your IT budget planning is most likely well underway and you are probably putting the finishing touches on it. Or perhaps you work for one of those organizations that has a fiscal year that does not align with the annual calendar, and you are in research mode. Either way, deciding where money will be well spent is a significant planning process. The word “budget” can be such an intimidating and restricting word to many…but it’s an essential annual process and perhaps could be viewed as a way to limit unnecessary expenses and maximize the value of the investments to enable your business.

To prioritize your 2015 IT expenses, it is important to consider the following to ensure you have allocated enough budget dollars. Not only will considering these as priorities help set up your IT team for success, but the addition of strong strategic partners for managed services will place your core team in the driver’s seat for more strategic and revenue-generating activities, leaving other less-strategic IT tasks to a value-added partner.

The Complexity of Big Data

Big data is here, and will continue to be an important part of every organization’s IT department. It is important to recognize that multiple aspects of a big data strategy enable your access to the best information. These include:

  • Acquiring and storing data securely
  • Analyzing data effectively
  • Ensuring your team has the right skills to manage this process

Fortunately, you do not have to go it alone. NEC offers complex Analytics and Big Data that turn your data into valuable insights for your business. Think of these insights as priceless intellectual information your business can use to make smarter decisions. Maximize your business potential by using analytics to decrease costs, improve revenue, drive profitability and increase customer satisfaction.
While your team is focused on the core of your business, the NEC team will partner with you to bring big data to life, unlocking the intelligence hidden in the data, while also supporting any planning and implementation. Our solutions work in the NEC Cloud, on-premise and hybrid deployment models and leverage multi-vendor strategies.

How Do You Cloud?

Cloud services provide an excellent way to empower a mobility strategy, as well as ensure rapid provisioning of seasonal and temporary employees. In fact, enterprise mobility removes many barriers for employees who are either on the road or in remote locations, ensuring they can access enterprise applications quickly and easily. However, the use of cloud in your organization is something that requires strategic thought.

There are many concerns about cloud applications, including security and reliability. What applications should you actually use in the cloud? Are there some that should remain on-premises? Can you be certain that the cloud services will meet your needs?

This is an area where the NEC team can bring broad experience to your table. Our Cloud Services team provides solutions that transform your business by bringing together people, applications and smart devices to deliver communications and collaboration solutions through the cloud. For example, Desktop-as-a-Service or DaaS is a cloud service that deploys virtual desktops that users can access from any device, anywhere. Talk about flexibility for your business! One of the benefits of DaaS is that it enables your business to step into cloud usage in a strategic manner, while giving you peace of mind regarding security and access, all without touching critical enterprise applications, such as financial software.

The NEC team offers a solid strategy that meets your specific environment, from on-premises to hybrid to public cloud services. The important thing is that your business requirements are considered and met without interruption through a seamless integration. Our team is well-versed in creating this environment so you can utilize the cloud to maximize your business while minimizing any risk.

Finding the Best Managed Services Partner

Knowing which services are core to your business or simply routine, but still important, is a key decision to be made…so that leaves the question: Do you have all the expertise in-house to properly evaluate the many aspects of IT and then make the best decision for your organization? With the ever-changing landscape, particularly in the areas of security, cloud and virtualization, it is extraordinarily difficult to have all the talent in-house you need to make the best decisions and implement the right solutions while still contributing to the company bottom line.

Our Managed Services teams understand all these complexities, and have built a strong talent pool to execute our offerings. We believe that rather than trying to do it all on your own, you should have the option to align with experts who act as an extension of your existing IT team.

Our managed services offering, NECommand, enables business through important IT solutions in three key offerings: nBuild™, nMaintain™, and nManage™. These services provide you with the level of expertise for your particular environment, whether it’s implementing a new system, providing administrative functions and maintenance to free up your internal IT talent, or managing those complex systems such as security, we have created services to align with your business needs.

Budgeting and Beyond

The typical budgeting process often means “take what you have done, add or subtract by percentages and submit the number.” However, with the consistent fluctuations in IT, you should probably ask yourself is it better to rely on historical experiences alone to make important business decisions? Instead, consider working with NEC to help you manage your IT future and make solid business decisions that can enhance your bottom line.

You can learn more about our Analytics and Big Data, Cloud and Managed Services by visiting our web site, where you will find white papers, videos and other information to help you make the right adjustments to your 2015 IT budget.