- The Savvy Promise
Don’t let your budget prevent you from purchasing new technology
The first thing that might pop into your mind when you hear the word technology is the hefty price tag that comes with it. You could be thinking of investing in new tablets, computers, routers, and other technology equipment that can assist you in running your business more efficiently. However, you also have a budget that doesn’t allow you to push your business into the 21st century. You can breathe easy by getting technology finance that will be tailor made towards your business needs, and your pockets. Contact a financial institution that can assist you in financing your technological business needs. This needs to be a financial institution that understands technology depreciation and planned obsolescence so that your business is never left behind.
It can make things easier and more reliable
Technology can limit tasks that needed hours to complete to literally seconds. It can also help you have real-time insight into what is happening in the market to help you make better informed decisions. Basically, with better investment in your technological equipment the world becomes your oyster. Statistics released by the (ABS) show that 21.7% of businesses introduced new managerial process via I.T. There are various technological tools that can be installed on your computer that can automate mundane, low-value activities to free up your employees’ time to do work that is more valuable in a short space of time.
Technology can improve your customer service
Your customers form an integral part of your business, and without them your business will collapse. We live in a fast-paced world, with people constantly on the go. A decade ago businesses relied on contacting people via phone or email. However, according to the Australian Bureau of Statistics (ABS) there are now 47.1% of businesses that have an online presence. This also improves your client relationship as it offers a personal touch that gives them the sense that you really know them. It’s also works as a good marketing strategy when it comes to reaching a wider market with things like social media platforms such as Facebook that boasts 2.07 billion monthly active users.
It helps your business stay relevant
Business is all about tapping into your customers minds, and understanding what are their needs at that current time. There are many software apps that can be installed, or used online that can give access various analytics to your market that eliminates the guess work. The last thing you want is to see customers leaving in droves because you are not willing to keep up with the times. However, staying in tune with trends and analytics can be overdone. Some businesses try too hard to keep with the times. Know what works and doesn’t work for your business and your market.
It can help you fill in the holes
The whole point of investing in technology for your business is to make sure that you are leading in front of the pack. The right equipment can help you see where the holes are in your market, giving you that added edge to lead in innovation. You can offer a service that other businesses don’t offer, which will attract new customers. Whether you are running a small business, or a big corporation business technology finance will help catapult your business into greater heights.
Did you find this page helpful?
This guide provides general information and does not consider your individual needs, finances or objectives. We do not make any recommendation or suggestion about which product is best for you based on your specific situation and we do not compare all companies in the market, or all products offered by all companies. It’s always important to consider whether professional financial, legal or taxation advice is appropriate for you before choosing or purchasing a financial product.
The content on our website is produced by experts in the field of finance and reviewed as part of our editorial guidelines. We endeavour to keep all information across our site updated with accurate information.
Approval for commercial loans is always subject to our lender’s terms, conditions and qualification criteria. Lenders will undertake a credit check in line with responsible lending obligations to help determine whether you’re in a position to take on the loan you’re applying for.
The interest rate, comparison rate, fees and monthly repayments will depend on factors specific to your profile, such as your financial situation, as well as others, such as the loan’s size and your chosen repayment term. Costs such as broker fees, redraw fees or early repayment fees, and cost savings such as fee waivers, aren’t included in the comparison rate but may influence the cost of the loan. Different terms, fees or other loan amounts may result in a different comparison rate.