In 2017, the race for competitive advantage will lead enterprises in every industry sector look to technology to facilitate their own transformations (1), according to a recent report by Deloitte. Businesses are embracing the cutting-edge, which will bring more opportunities for technology companies to innovate and grow. From robotics to 3D printing to virtual and augmented reality, the industry already looks different today than it did just a few years ago.
The changing landscape and pressure for innovation is a significant challenge for many technology companies. Couple that with the fact that maintaining a competitive advantage requires some degree of capital investment, and suddenly staying afloat amid waves of change becomes increasingly more complex.
There is a way to make capital investments more palatable during a time of growth and transformation: by turning to lease-financing.
As you consider all angles for innovating and improving efficiency, be cognizant to include a strategy for handling resulting capital investments.
Facing change is complex enough – allow us to help with capital investments along the way. At First American, we are helping technology companies achieve their growth goals through creative financing solutions. Visit :http://fatechnologyfinance.com/Services/Equipment-Financing
1. Deloitte. (2017) "Technology Industry Outlook"