Tactile Technologies expands its financial tools with new opex model, in partnership with Pendigo

Tactile Technologies is expanding its financial services by introducing a new operating expense (opex) model, in collaboration with technology asset finance specialist Pendigo. This innovative approach allows customers to access the technology they require without making large upfront payments, addressing the current market challenges faced by businesses. The opex model complements Tactile's existing solutions, which include access to working capital.

The shift towards opex models is driven by factors such as slow growth, high interest rates, and rising security risks, all of which are putting pressure on budget allocations and decision-making processes. By opting for an opex model instead of the traditional capex (capital expenditure) approach, businesses can maintain greater flexibility and preserve essential cash flow buffers.

This becomes particularly crucial for mid-sized businesses and large enterprises, who must carefully manage their resources to support transformation, expansion, or acquisitions.

John Plant, Director of Pendigo, emphasizes that high upfront costs should not hinder critical technology investments. The opex model provides businesses with the flexibility to access essential technology while safeguarding working capital and maintaining control over cash flow. Amanda Bindeman, Head of Finance at Tactile Technologies, highlights that Tactile has always been focused on understanding the practical realities of its customers' operations, with the new opex model being a logical progression in this area.

This partnership between Tactile Technologies and Pendigo aims to alleviate the financial strain experienced by businesses in today's challenging market conditions, ultimately enabling them to make informed decisions about technology investments without sacrificing their operational stability.