Emerging Lease Management Tools and Processes Are Poised to Reinvigorate IT Leasing and Financing Markets, IDC Predicts
FRAMINGHAM, MA – MAY 8, 2006 – A favorable climate for IT leasing is emerging as business managers, striving to close the growing IT capacity/budget gap, deploy new tools and services designed to improve lease contract management operational effectiveness. Through 2009, IDC expects at least one-third of large, multisite, multinational companies to revise and revamp their lease management processes with a combination of process and tool initiatives.
"Although this nascent trend is at the market's periphery, it presents the early phase of a period of renewal, innovation, and investment in the lease management area," said Joseph Pucciarelli, research director for Technology Financing Strategies at IDC. "A decade of unprecedented corporate merger and acquisition activity coupled with the typically decentralized lease management processes administered by departments, divisions, or functional business units within large companies is now colliding with a need to aggressively evaluate all means available to close the gap between IT budgets and requirements." Joseph Pucciarelli will further examine this trend, as well as opportunities in the technology financing arena, at an IDC executive briefing in Chicago on May 9, 2006.
IDC's study, New IT Lease Management Tools & Processes Strive to Re-enable IT Leasing (IDC #201533) examines the market trends impacting demand for IT leasing, IT organization lease management practices and new third-party IT lease management service offerings.
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