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siptel takes positive steps to reduce carbon |
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siptel selected for new Avaya Service Expert status |
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siptel gains ISO 9001 certification, hot on the heels of “Investors in People” status |
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Siptel does their bit for the community and the environment |
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siptel is finalist in two categories at the European IT Excellence Awards 2010 |
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siptel awarded coveted “Investors in People” status |
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siptel wins five year support contract for prestigious London hospital |
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Siptel scoops win at Comms National Awards |
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Avaya unwraps Aura midsize solution for enterprises |
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Avaya launches IP Office Release 5 |
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European IT & office kit replacement plans still on track despite downturn |
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Avaya confirms agreements to purchase Nortel’s Enterprise Solutions Business |
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Plantronics launches VoIP headset system for contact centres |
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Swine Flu highlights need for business continuity plans |
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Avaya claims industry first with new Aura architecture |
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Avaya unveils new range of unified communications technologies |
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Snapshot: Ofcom 's Telecommunications Market Data Update Q3 2008 |
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Downturn spurs market for videoconferencing |
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Sales of smartphones to reach 300 million by 2013 |
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Nortel freezes pay, cuts jobs and forms a new operating structure |
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Speed of UK business broadband gathers pace |
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Ofcom publishes proposals to introduce 116 helpline phone numbers |
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Vodafone moves to de-risk mobile email roll-out |
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Westcon's Las Vegas incentive packs a punch |
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Avaya introduces zero per cent finance promotion |
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IT bosses predict shrinking budgets |
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Microsoft delivers another strong quarter as Vista accelerates |
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Avaya turns iPhone into business tool |
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Companies slow to adopt ‘greener’ IT infrastructure |
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Mobile broadband set to take market by storm |
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Home-based contact center agents rapidly becoming mainstream |
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Financial Institutions push up IT budgets this year |
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Hot market for managed services as firms suffer IT head aches |
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Spend on speech-enabled mobile field force solutions to triple |
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Global market for contact centers exceeds forecasts |
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Q3 PBX line shipments dominated by IP convergence |
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European Commission slams spam laggards |
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LLU in the UK lags far behind European countries |
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Remote working policies lack universal appeal, states report |
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Mobile WiMAX to surpass fixed WiMAX sales by 2008 |
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Research confirms North/South divide in IT staff salaries |
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High cost of telecoms and email misuse |
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Global PSTN voice revenues set to tumble |
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Risk for telecommunications operators |
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Global market for VoIP set for new growth |
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Emerging mass market for Unified Comms |
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Demand for IP Contact Centres 'set to rise' |
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Avaya scores with World Cup network |
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South East set to dominate Euro growth |
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IP Multimedia Subsystem Market 2005-10 |
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UK harvests Convergence potential |
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Avaya and RIM extend IP to BlackBerry on WLAN |
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Extreme Networks' BlackDiamond 8810 Switch Successfully Validated With Avaya's Market Leading IP Telephony Solutions |
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ScanSoft, Inc. and Nuance Communications, Inc have signed a definitive agreement under which ScanSoft will... |
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Avaya SIP Telephony Solutions Receive "Well-Connected Award" from Network Computing Magazine |
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Mitel Introduces New Multimedia Contact Center Integration for Microsoft Office Live Communications Server 2005 |
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Mitel and Microsoft integrate solutions |
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Avaya announces the successful converged solution installations in 6 of the 2006 FIFA World Cup office venues. |
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Avaya launches new enhanced software release on it’s IP Office platform |
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Extreme Networks to showcase an Open Converged Network at CEBIT 2005 |
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Extreme Networks Black Diamond Outperforms key competitors in major tests. |
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Avaya announces at CEBIT it will deliver advanced mobility capabilities powered by its Internet protocol-based software to the Nokia-developed Series 60 Platform. |
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Avaya and Cisco Seen In Tight VoIP Race according to Merrill Lynch |
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Call Centres Planning To Take On More Staff |
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Strong growth forecast for voice applications |
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VoIP set to gain from Y2K fears |
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First London (020) 3 number blocks released from 1 June 2005 |
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Ofcom publishes voice report |
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Intel connects Centrino with all Wi-Fi standards |
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Key Vendors Take IP Testing Further |
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Siptel wins new contract to supply another IP Telephony solution. |
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Small and Medium Businesses’ Needs for Mobility |
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IP Office Named Best In Test |
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Ofcom unveils new comms framework |
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European IT & office kit replacement plans still on track despite downturn
Despite a deep recession and credit crisis in Europe, companies appear 'determined' to maintain their IT and office equipment replacement policies and periods, reveals new research from Siemens Financial Services.
The study was conducted among over 1,500 firms across three countries. Businesses in the UK, France and Germany appear determined to fight back against recessionary pressures and not extend replacement periods for equipment that is essential to their competitiveness. However, too few firms are utilising asset finance to acquire that equipment and remain stuck in the cash purchasing trap. As a result, although companies remain committed to continued equipment investment, a proportion are not managing to access sufficient finance - further fuelling the current downturn in business investment across all three countries studied.
UK firms replace their IT and office technology more frequently than German and French companies. However, German and French companies - especially medium sized organisations with between 250 and 2499 employees - take more advantage of asset finance techniques such as leasing to enable their acquisition of new and replacement IT hardware and software, than their UK counterparts. Overall, when it comes to office equipment replacement and acquisition, medium-sized and larger firms are the most enthusiastic users of asset finance.
The new research from Siemens Financial Services investigated three main subjects, pertinent to the capital investment in office technology in a recessionary period. First, the research looked at average replacement periods for office technology - specifically, IT hardware, software and office equipment (such as photocopiers and vending machines). Second, respondents were asked about their preferred financing methods for each of these types of office technology. Finally, respondents were quizzed about their main motivations for replacing equipment and software in these three categories.
Derek Ryan, Sales Director, Siemens Financial Services UK commented: "It is heartening to see that, despite the recession, companies of all sizes are still recognising the need to acquire the essential equipment they need to be competitive in their markets. They are fighting back against recessionary pressures in order to make those investments, as the need to deliver added value & service to customers becomes even more important as markets contract. As standard lines of bank credit have become more costly and less available in the last year, a significant proportion of companies are turning to asset finance techniques as an alternative means of financing such essential acquisitions.
"However, this proportion still represents too few companies making the most of asset financing techniques - all firms could be accessing the finance necessary to support essential investment in a financially efficient way. We know that when equipment vendors offer financing as an integrated part of their proposition, take-up rates increase.
"There is huge potential in Europe's main economies for financial managers to make more use of leasing and asset finance, freeing up currently ‘frozen' working capital to deploy it more effectively on business initiatives and new business expansion."
However, says SFS, the corollary finding is that 76.8% of British companies, 75.6% of French firms and 67.5% of German businesses are still relying on cash (drawn from working capital or other sources) to fund equipment acquisition. SFS believes that there is considerable room for extended use of asset financing techniques to improve the efficiency of working capital management in UK, German and French businesses, rather than tying up scarce cash in capital equipment investments.
August, 2009
