A media organization operating in the USA has to pay $330,000 for every lost hour in downtime. Similarly, a financial service provider can experience a loss of $6,450,000. This establishes a simple fact: electrical issues and power outages can have a severe impact on the productivity and efficiency levels of any industry. Renting a UPS system can alleviate some of that impact.
Whether you own an SME or a large corporation, having your business connected to the right power backup solution can offer you dividends in the long run. To address these concerns, business owners can adopt any of the three strategies for uninterruptible power supply:
- Buy a UPS system
- Rent a UPS system
- Lease a UPS system
Although each of these choices has its benefits, renting a UPS system is the best course of action for many businesses.
Advantages of Renting a UPS System
Buying or leasing a UPS system can be costly. Can you really afford to spend a large chunk of your cash on an uninterruptible power supply system? The total amount spent on a UPS system can range from a couple of thousand dollars to tens of thousands of dollars. Apart from saving money, here are some other reasons you should consider renting an emergency power system:
- Bring down your capital expenses and reduce equipment liability and repair costs.
- If you are uncertain about your future power needs, then renting a UPS can facilitate you to sustain maximum operational flexibility.
- During an emergency scenario, add capacity by renting equipment for the short term. UPS rental services keep track of your requirements and meet them at once.
How Does a UPS Rental Service Operate?
To begin with, you are required to select a UPS brand. Instead of extensively researching a trustable brand, you can contact the right UPS rental service provider. The company’s staff will possess extensive expertise and experience to recommend a UPS system that can cater to your requirements.
After narrowing down your options to the best UPS rental service providers, study each company’s rental contacts, especially their offerings. For example, some companies provide 24/7 customer and technical support—you can call them, email them, or interact on live chat to resolve an issue. Similarly, rental contracts include preventative maintenance and on-site training. Assess your business structure and requirements so you can make a well-informed decision. For example, if it is the first time you will be getting a UPS system for your workplace and no one is familiar with its maintenance, then including on-site training in your contract is not a luxury; it is a necessity.
Lastly, ask the company representative if they will perform the installation of the system at your workplace. You may be tempted to install it yourself, but nothing beats the presence of a UPS technician who has been installing them for years.
Why the Banking Industry Needs a Backup System
Financial institutions and banks fall under the category of essential businesses. This is why it can be of the utmost importance for these entities to install a backup system as a contingency plan. When the power goes off, these service providers cannot afford to lose vital data. With a backup power system automatically kicking in, it can save you resources, such as time and money to a significant extent. Remember a backup system is not an expense rather it is an ‘investment’ that can cut down your costs and improve the efficiency of your organization.
Final Thoughts
Each company has its own reasoning to choose an option for dealing with power outages. That being said, a significant chunk of businesses have found renting a UPS to have a positive impact on their productivity. To sum up, renting a UPS system can:
- Minimize your expenses.
- Ensure that you don’t have to suffer from a second of downtime.
- Add the required capacity in the wake of a sudden emergency.
Get in touch with us if you have a query regarding your business. Odyssey Power is here to add a much-needed boost to your business operations.