by Andrea Harris, Jan. 2006
HP Financial Services (HPFS) reduces the financial impact of change so that businesses can respond nimbly, leverage opportunities, conquer new markets, and capture new business.
An array of leasing and financial lifecycle management services from HPFS can help you transition, acquire, manage and retire your IT assets throughout their lifecycle — making it simpler and more cost-effective for IT to stay in synch with the needs of the business.
Read on to find out how HPFS can help you maximize your return on investment (ROI) and deliver measurable business value from IT as you capitalize on change.
HPFS simplifies your entire IT financial lifecycle management process. We go beyond acquisition to help manage and eventually dispose of IT assets. We'll help increase the return on your IT investment, reduce risk and get the most from your HP and non-HP equipment.
- Transition. Take advantage of approaches such as IT consolidation as you evolve to newer technology.
- Acquisition. Get the resources to embrace change without upsetting your balance sheet.
- Management. Let HPFS track the physical location and all management aspects of your IT assets for lower total cost of ownership.
- Retirement. Disposal is easy and environmentally correct and data is secure when HPFS handles it for you.
A wholly owned subsidiary of HP, HPFS is unmatched in the world for both the capability and flexibility to deliver financial services that work the way you want to work, worldwide.
The 'I' in ROI — investment — can be a barrier for some companies. Purchasing IT equipment can eat up budget dollars that would otherwise fuel business growth. And that's just the beginning. Investment isn't limited to the purchase cost. When it comes to IT, an investment includes managing assets that depreciate, become obsolete and need to be disposed of appropriately.
A large construction materials manufacturer recently learned this lesson first-hand. Initially, the company worked with a lessor that was unable to handle their asset management requirements.
As a result, the company was unable to locate many leased PCs, leading to an expensive write-off. HPFS 'cleaned house' and all but eliminated write-offs. By customizing a solution that included buying out old equipment and bundling old leases, they eased the pain of the budgeting process.
By delegating the management of IT assets to HPFS, you can focus on growing your business, not your accounting department. Your CIO can focus on other priorities, such as delivering projects that fuel business growth, linking business and IT strategies and demonstrating the business value of IT.
Because your IT infrastructure is an investment in your business, not just a cost, it needs to be managed and measured like a business investment. You need to know what assets you have and their location, value, age and more — a lot to track, especially when you've got a business to manage. HPFS manages the complete portfolio mix of IT assets to optimize their value to your business.
Procter & Gamble (P&G) found that when HPFS managed their IT assets, it freed them up to become more agile. P&G needed to strengthen its ability to respond quickly to marketplace demands. With over 250 products marketed to more than five billion consumers in 130 countries, the powerhouse did not need the distraction of owning numerous IT assets.
HP developed a solution that included buying all of P&G's IT assets (excluding laptops and desktops) in 24 countries in a single day. Other countries followed suit until P&G got the assets off the books consistently across the world. Because it no longer owns the equipment, there's no need to manage these IT assets.
The business value that your IT assets deliver can fluctuate — so wouldn't it be nice if your costs fluctuated along with it? That's just how HPFS has structured the payment plan for several customers, providing unmatched ROI.
When Toronto Dominion Bank Financial Group (TDBFG), Canada's third-largest bank, needed to upgrade the whole ATM network, it faced the triple challenge of enhancing customer experience, increasing revenue, and reducing operating expenses by not purchasing more assets.
HPFS simplified the bank’s balance sheet by purchasing the bank’s legacy ATM network and data center infrastructure, and works with DIEBOLD to upgrade the network of ATMs, providing higher value to the bank’s customers.
In a flexible pricing scheme, TDBFG pays HPFS on a cost-per-ATM and cost-per-ATM-transaction, 'pay-as-you-go' basis. The bank now has the benefit of operating expenses that shrink or grow along with its ATM revenue flow. The result: more ROI, less risk.
The full range of IT transition, acquisition, management and disposition services from HPFS help you manage your IT infrastructure for business growth, without putting a cramp in your balance sheet. We'll make your business transition a financial reality.
| (1) |
Implicit lease rate, assuming lessee does not exercise a fair market value purchase option at the end of the lease term and timely returns the leased equipment to Hewlett-Packard Financial Services Company (HPFS) at the end of the lease term and disregarding any charges payable by lessee other than rent payments (such as taxes, fees and shipping charges). Offer valid on qualifying lease transactions with a total transaction amount between $50,000 and $150,000. |
Lease products available through HPFS to qualified commercial customers in the U.S. and subject to credit approval and execution of standard HPFS documentation. Other restrictions may apply. HPFS reserves the right to change or cancel this program at any time without notice.
|
Printable version
