Gain predictable cost control; you can count on it.
No matter what your title, a key responsibility of your role is to maximize the value delivered from the investment of your organization's capital or operating expenses. We know that this imperative can be a moving target and that you face many choices when evaluating partners that may represent a significant expense and dependency to your success.
Cloud and data center infrastructure as a service (IaaS) solutions from Expedient deliver the back-office servers and computing platforms for storage and networking that a business needs to run its mission-critical applications – everything from email to customer relationship and enterprise resource management systems. All of the databases, records and information that the business relies upon are cared for in these environments.
Often, there are multiple vendors to consider for these services, while, other times, the alternative is making no change at all – in some cases, a perceived better choice because of related factors in addition to cost, including system availability and risk to the business.
Subscription to an IaaS solution from Expedient may provide some relief to the change in the lease accounting standards soon requiring carrying those expenses on the profit and loss (P&L) balance sheet. This fundamental shift in rules that govern accounting and most leases on the part of the Financial Accounting Standards Board (FASB), including information technology equipment, could have a significant impact on reported financial performance. Subscribing to infrastructure as a service does not require a lease and may be preferable for organizations as an option to keep potential leases off the balance sheet.
At Expedient, we've been collaborating with businesses – in many industries – for multiple decades, to balance risk and ensure system availability, in addition to controlling costs for information technology infrastructure by:
- Moving from a capital expense structure to an operating expense structure
- Reducing the need to hire additional team members to manage technology infrastructure
- Mitigating the risk of the departure of key team members with hard to find skill sets
- Complementing compliance with critical industry and government mandates like HIPAA, PCI DSS, SOX and more
Our operational controls follow National Institute of Standards and Technology (NIST) special publication guidance and our Service Organization Control (SOC) report attestations are supported by an American Institute of Certified Public Accountants (AICPA) firm. Compliance with the generally accepted accounting principles (GAAP) will enable the recognition of IaaS costs on a monthly basis as they are incurred rather than a capital expense that immediately begins to depreciate.
- Successful Implementation
- Improved Data Analysis