The rate of technology change is increasing, with an emphasis on client/server
technology, faster system development, and shorter life cycles. This has led to spiraling information technology (IT) budgets, driving the need for a re-evaluation of IT management issues. Organizations must find new ways to accommodate technological change. Leasing has recently emerged as a feasible, cost-effective alternative to purchasing equipment, particularly in the desktop and laptop areas.
Arkansas Guidelines for Lease vs. Purchase of Information Technology
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Arkansas Code 11 5 117 focuses on employee rights regarding wage and hour laws. This code is crucial when businesses consider the implications of leasing versus purchasing information technology. By staying compliant with these guidelines, you can ensure fair treatment of employees while making financial decisions that may involve leasing IT equipment or services.
Arkansas Code 19 11 709 outlines the policies and procedures governing the procurement of information technology within state agencies. This code provides the framework that guides decisions between leasing and purchasing technology assets. By adhering to these guidelines, agencies ensure compliance while making choices that best serve their operational goals. Understanding this code is essential for optimal decision-making.