Dimension Data Finance has been launched as a tailor-made leasing and financing model developed in response to repeated difficulties experienced by clients trying to upgrade or improve their IT infrastructures.
The new offering from Dimension Data aims to accelerate and ease clients’ adoption of the technologies they need to improve competitiveness, through logistical management and finance support.
Dimension Data Finance offers three flexible financing and leasing options. These are New Equipment Rental, the Sell and Rent Back Plan, and the Exchange Plan. Depending on the client’s operational needs and equipment status, they can engage with Dimension Data to rent the equipment they need, introducing flexibility and affordability into the procurement strategy.
Another option allows clients to address the issue of replacing existing outdated infrastructure through a sale and rent back option, allowing them to enforce asset replacement cycles in an affordable and progressive way. Finally, they can exchange existing rented technology for newer models, at no additional cost.
The offering is a joint undertaking between Dimension Data and RentWorks, currently finances more than R3-billion worth of assets for more than 400 organisations.
Colleen Fynn, account manager for Dimension Data Finance, comments: “We’ve been engaging with our clients on an intense level and really working to understand both their ambitions – where they want to be – and the challenges that obstruct their progress to get there. One of the recurring themes we encountered was the increasing pressure on IT budgets, and the increasing need for flexibility of IT asset management.
“Clients understand the value of technology to their business, but the constraints of a slowing economy and greater caution mean they are battling to free up the resources to keep their infrastructures current and competitive, and equip themselves for the future.
“Leasing IT hardware provides a viable and financially attractive alternative to purchasing it outright. It helps free up cash flow previously allocated to capital expenditure and, in turn, provides clients with the flexibility to gain access to the latest technology on an ongoing basis, without the added responsibility of worrying about disposing of and managing the assets.”