Payment Solutions
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The construction industry is a key driver of economic growth for the UK. To stay competitive, firms must adopt new technologies and sustainable practices. Geopolitical and economic pressures demand proactive risk mitigation, including securing materials early to avoid delays and rising costs in an evolving market. The SCC Payment solutions team are here to support the Construction sector to ensure your organisation maintains IT that meets business needs and ESG goals.
Keeping up with new advancements in business processes, including technological developments, is a significant challenge. Adapting and implementing these advancements is essential to boost customer service and operational effectiveness.
While technology offers solutions for optimising construction operations, the adoption of new technologies requires significant investments and adjustments to current processes. Acquisitions create diverse IT estates, making management complex.
Cost tops the challenges facing the Construction industry because it is one of its primary expenses. Managing this cost has become a critical concern for Construction businesses with the rising material and labour costs, primarily responsible for the increase in project costs.
Failure to cut costs leads to increased expenditure and subsequent losses for the company.
How SCC Payment Solutions can help
Our Device as a Service (DVaaS) offering provides the right technology to enable software solutions to work effectively and give staff access to efficient technology to enable productive staff. The new technology is more efficient, resulting in lower running costs and more productivity. Additionally, we can buy back any old and obsolete technology, delivering a cash injection into the business.
The construction industry faces a significant problem with staff shortages and retentions. Various factors contribute to driver shortage and retention, including a high turn over of workers and better career opportunities.
We can deliver accelerated digital transformation for the years ahead boosting staff satisfaction: faster workflows and better communication for staff, enabled by the removal of old and obsolete technology, can help them get more done in their days, and improve their work/life balance.
A main objective for Construction firms is to reduce greenhouse gas emissions, as numerous studies that have demonstrated the detrimental environmental effects of large-scale projects. Firms who adhere to environmental regulations and reduce their carbon footprint will gain a competitive edge, as partners and customers are increasingly prioritising sustainability.
Historically, ownership of IT devices has contributed to the linear economy. A laptop, for example, is built, used for too long and thrown back into the ground as waste at the end of its useful life. DVaaS is helping organisations move to a circular economy, whereby the same devices are refurbished and resold, and IT estates are refreshed on a more frequent basis. This is a complete circular economy giving the assets a second life after the initial user has finished using them, supporting ESG aims.
Software Payment agreement: Switch from annual renewals to a 3-year plan, securing savings without upfront full payment.
‘As-a-service’ option: Funds software, hardware, support, and refresh via a repayment plan with one all-inclusive monthly managed payment.
Value release: We purchase any items you have acquired at the agreed current value, letting you use them with repayments over their remaining useful life.
Lease: Simply spread the costs of the asset over its useful life with cost reductions through the investment of a residual value.
Through our payment solutions, SCC can help construction firms realise much-needed financial efficiencies. If you need to drive digital transformation, address a budget deficit, or lighten the workload on your employees, then these solutions can make a real difference in the long-term. Here is an example:
This organisation has grown organically acquiring sixteen business units over time. With each acquisition comes an inherited estate with differing IT policies, procurement, and refresh processes. This has resulted in a varied IT estate of differing ages, further compounded by no central IT function or view of the ‘truth’ which is something you are keen to address.
We were asked to provide an initial proposal surrounding the Device as a Service (DVaaS) offering to enable the IT executive team to discuss internally. The customer also took advantage of our Value Release product where we removed legacy technology (over 3 years old) and adopted more recent technology (less than 3 years old) into this service.
Our DVaaS offer save customers circa 10% on cash purchase. The solutions keep the partners and staff happy and productive by having quick, stylish IT to help them perform their tasks effectively.
