Why you should stop purchasing your hardware and start renting

Currently, you're likely buying all your company's tech equipment outright. If you need a new laptop, you go through the process of ordering it, paying upfront, setting it up, and ensuring it gets to the right employee.  You're then responsible for handling any issues that arise along the way and dispose of it at the end of its lifecycle. It's a lot to manage.

OK, now let's take a moment to consider how you procure software. Chances are, you've already shifted to a subscription-based model, like with a productivity suite such as Microsoft 365. With just a few clicks, you can easily add new employees to your subscription and have them up and running in no time. It's convenient and flexible.

But do you remember the days when you used to purchase software upfront? Take a trip down memory lane with Office 2010. You would buy a license, and a box containing a CD would be shipped to you. Yes, a CD (remember those?!)! You had to download the program from that CD and were stuck with the features of the 2010 version until you invested in another costly license. Times have certainly changed, haven't they?

When Software-as-a-Service (SaaS) first emerged, many people were perplexed, uninterested, and hesitant to change their software procurement methods. After all, why fix something that wasn't broken? But then, they began to witness the added advantages. The "as-a-service" model meant that software was hosted in the cloud, continuously maintained, and regularly enhanced and updated. Instead of buying a static product, you paid for access. You could tailor your subscription to your needs, enjoy the latest features at all times, and have the freedom to cancel whenever necessary.

Fast forward to 2023, and subscribing to software has become the new normal. You wont be able to find software that is sold perpetually.

Why did we take you on a trip down memory lane? Because we find ourselves at a similar crossroads with hardware. The revolution of "Hardware-as-a-Service" (HaaS) is now upon us. You might feel puzzled, disinterested, and content with your current approach of purchasing hardware, thinking, "We're fine. Purchasing works for us." We hear you – things might be running smoothly for you today. But the question is, will you still be "fine" with your existing processes in the coming years?

The way businesses procure hardware is shifting

The shift in how businesses procure hardware is inevitable. It's not a matter of if, but when – much like the transformative SaaS revolution we witnessed.

In fact, a staggering 87% of IT decision-makers anticipate that the majority of their business IT will be obtained as-a-service by 2025 (Deloitte).

You can see the shift in the uptick in new companies focused on this business model. Grover, Everphone, and Klarx, are a testament to this shift. Even established industry giants like Apple, Acer, SAP, and OTIS in the elevator industry are exploring hardware subscription models. The disruption is not limited to the IT sector alone; it spans across all industries.

This widespread adoption of HaaS signifies a fundamental shift in how businesses view and acquire hardware. It is a testament to the tangible benefits and advantages that this model brings. The time to embrace this change is now, as it promises greater flexibility, cost-effectiveness, and the ability to stay ahead in a rapidly evolving technological landscape.

Why should I rent instead of purchase? Why is access better than ownership?

There are many advantages to moving from a purchasing model to a renting model. You avoid high upfront costs and improve your company’s cashflow. But it’s not only a money thing — renting ensures that your employees are always equipped with the right equipment for optimal productivity. Plus, any equipment issues are taken care of by the rental service, alleviating the burden on your IT team. At the end of the rental period, you can simply give the old devices back and you can rent new ones.

But there's more to it than just practical advantages. Purchasing hardware contributes significantly to electronic waste, with over 50 million metric tons ending up in landfills today (United Nations). By embracing the rental model, you actively participate in the circular economy. Rather than allowing devices to gather dust in storage, renting enables their reuse, reducing electronic waste and lessening the burden on the planet.

For CEOs, Procurement Managers, IT Admins, HR managers, and employees alike, there are benefits to be gained from this shift. It's a win-win situation that combines financial advantages, operational convenience, and environmental responsibility. So, join the movement toward hardware rental and unlock the benefits for your company and the world we share.

Wait.. but isn’t this just leasing?

You're right — it’s operational leasing, but modernized. And that's where topi comes in. We've revolutionized the process, making it fully digital and hassle-free. With topi, you can complete the checkout process within minutes and swiftly equip your employees with the necessary hardware.

Gone are the days of being locked into convoluted leasing agreements and dealing with hidden handling fees. With topi, you gain flexibility and transparency. Our aim is to empower you to make the best choices for your company without unnecessary burdens and complications.

If you didn’t catch everything above, just remember this:

By embracing the HaaS model, you unlock a range of benefits and future-proof your operations. It's about more than just being "fine" today; it's about ensuring your readiness for the challenges and opportunities that lie ahead.

‍You don’t need all the stress that comes with hardware procurement and ownership. What you really need is the access to devices that let your employees to do their best work.

Choose a fully digital and streamlined solution like topi, where checking out and equipping your team with the right hardware takes mere minutes. Say goodbye to the high upfront costs of purchasing and welcome to a future where you're in control and ready to adapt to the ever-evolving tech landscape.