Most businesses today are very aware that adopting the latest CAD technology or investing in powerful CAD hardware that drives productivity is an ideal and very plausible goal to aim for.
Technology investment delivers unquestionable profitability gains through key areas such as shortening design lead times, increasing productivity, streamlining business processes and allowing companies to break into new market sectors and be highly competitive from the outset.
Available cash flow however often stifles much needed and highly beneficial investment, and equally Capex and/or budget approval processes can sometimes stretch across many years.
Process improvements and technology trends tend to develop and become available at an increasingly fast pace across many industry sectors, and any emerging technologies or processes that aid profitability or reduces costs and give a very definable return on investment often experience rapid adoption.
The challenge of some businesses is then of course to catch up with early adopters in order to remain competitive on the one hand, or more challenging still, to be able deliver project data as required in order to tender if traditional deliverables change, as has happened in the construction industry with the adoption of BIM for example.
In this market sector where 2D data was readily acceptable traditionally, technology and process changes now increasingly dictate that projects and or project data must be delivered in 3D formats instead. So businesses that are unable to move forward quickly are at major risk of profit erosion and potentially lost business opportunity, which can be a downward spiral.
Technology funding is an excellent vehicle to ensure that any business can spring board technology adoption without significant upfront investment, compete with early adopters and deliver projects to the latest requirements or equally benefit from substantial internal process enhancements.
There are of course many other business advantages such as; easing cash flow where technology investment is a must to maintain market share, generating a positive return on investment as you go as opposed to longer ROI curves associated with upfront investment, opening of additional lines of credit protecting your main bank funding sources as well as other accounting benefits too.
But the biggest advantage is of course being in a position to continue to be able to compete with other best in class competitors, being able to ring fence existing clients and of course winning new clients from other businesses that are slow to invest in their own business success.
If you would like to explore Autodesk financing or other technology and software finance solutions that allow your business to adopt technology earlier than perhaps planned, we would be happy to hear from you to discuss options further.