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It’s easy to assume that device lifecycle management is the responsibility of the IT department. But as mobile devices continue to play a crucial role across the whole business, that is no longer the case. From helping to attract and retain talent, to boosting productivity and impacting the business’ bottom line, here’s why device lifecycle management should be high on everyone’s agenda – from HR to Finance.

Today’s workforce wants the flexibility to be able work where, when and how they want. As such, mobile working is no longer considered a nice-to-have: it’s now a must-have.

The advantages are significant. Mobile working helps to boost productivity, improve collaboration, increase business agility and minimise real-estate overheads. What’s more, with people no longer confined to working in a shared office, mobile working also opens the business up to an almost limitless pool of talent.

These are big business benefits, especially from a Talent Management perspective. Surely, it should follow then that Talent Management should be at the core of a business’ mobile management strategy. But, is that the reality?

Removing barriers

Mobile working clearly has a positive impact on employee engagement and business performance. But, despite this, the RES Forum’s 2016 Annual Report reveals that 80% of global mobility functions remain independent from their Talent Management functions. As Personnel Today reports, “stronger integration of these areas in an organisation with an international workforce is key”.

In order to improve the long-term performance of the business – and its employees – walls need to be knocked down. Talent Management and Mobility Managers need to work together to achieve common mobility goals. So, with that in mind, are there other key functions in the business that also need to be involved – such as Finance?

Money matters

The IDC FutureScape report, ‘Worldwide Mobility 2016 Predictions’, reveals that IT spending on mobility products in large enterprises will grow to 40% in 2018 (compared to 25% in 2015). It’s of little surprise then that – as mobility eats more into the company’s expenditure – finance leaders are becoming more influential in device lifecycle management strategy.

The big concern for Finance is being able to provide the business with the technology it needs, without negatively impacting cash flow. One solution is for businesses to choose an OPEX model to manage its devices.

With no initial capital expenditure, an OPEX model enables businesses to spread out the payment and maintain a steady cash flow. It also provides tax benefits. Beyond the financial savings, it gives you access to state-of-the-art mobile devices that may, otherwise, be out of reach. And that’s an advantage not to be overlooked.

Mobile devices today need to provide more than just storage, accessibility and reliability. They serve a wide range of purposes, with the demands varying from business to business. For instance, they may be used as sales tools: to show customers videos, fill out forms and access real-time data. Or, they may be needed to scan or to record high-definition footage or photos. And they might need to support new technologies, such as tap-and-pay. To enable all this functionality, your mobile devices must support the latest technology.

What’s the solution?

There’s a compelling case for ensuring that Finance and Talent Management are central to the business’ device lifecycle management strategy. Decisions about creating a mobile estate, funding it and managing it should not just sit with one person or department. Instead, all departments and employees need to understand the benefits to them – and they need to work together to reach shared goals for the business. To support you in this, you need to find a device lifecycle management partner who can keep all your teams happy with flexible pricing options, up-to-date devices and an easy-to-use solution.

Find out about Vodafone Device Lifecycle Management.

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