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How to affordably finance your video surveillance system

As the need for business premises to be effectively secured continues to increase, it’s hard to go without CCTV equipment. Provided the company’s budget can afford it.

Finance your CCTV systems: renting could be an interesting option.
Finance your CCTV systems: renting could be an interesting option.

As the need for business premises to be effectively secured continues to increase, it’s hard to go without CCTV equipment. Provided the company’s budget can afford it.

Is it more cost effective to rent or purchase a video surveillance system? Which option is the most convenient? Here are the answers.

CCTV is an essential protective measure in today’s context

In France, companies must take the risk of burglary seriously. In 2015, some 150,000 thefts from business premises were recorded (source: Capital magazine). Besides causing material and financial loss, a burglary can also slow down your operations (as it takes time to purchase new equipment) and affect your employees psychologically.

The most commonplace company security measure is CCTV. It acts as a deterrent (the presence alone of a CCTV camera is sometimes enough to put off would-be burglars) and also raises the alarm (detecting that burglars are on site). Financing this equipment is of course another issue.

renting: a solution that’s financially sound

Purchasing is not the only financing option for acquiring a CCTV system. There’s also renting. Renting has a different set of advantages as compared to purchasing.

Acquiring a CCTV system can be costly. The installation includes cameras, wiring, an alarm system, and more comprehensive packages also come with various sensors (noise detectors, smoke detectors, etc.). On top of the equipment cost, you’ll pay for the services of a CCTV company, generally on a monthly basis. The service provider will monitor your premises via your installation, and may even need to intervene if there is a break-in.

An all-in-one service

The primary practical advantage of renting is that the monthly CCTV monitoring fee can be coupled with the monthly equipment rental fee. This way you get equipment and an associated service (in the same way as you do with an Internet router box, for example).

Fixed costs spread across the year

The renting option allows you to spread the cost. Your company budget is therefore spared any potentially large initial outlay. The monthly equipment rental fee is the same every month, starting from the first month.

The option of replacing your equipment more easily

Though renting does spread out the cost, you might still think that purchasing is more cost-effective over the long term. But any number of circumstances may require you to replace your equipment:

  • Your company is relocating to new premises. It has grown fast, and you need to transfer to a larger site and therefore, you need a new CCTV system.
  • You realize after a while that your surveillance system does not suit your needs and that there are more suitable ones on the market.
  • Recent technical developments have introduced more effective equipment.

A point worth stressing: CCTV system purchase and also renting agreements generally include the installation of the equipment by a technician. Your supplier adjusts the settings to make sure that the set-up performs as it should.

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