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Finance Software? Yes you can. Financing computer and telecom assets? Yes ... you should! Never has the challenge and importance of financing your needs for Information Technology, software services, and telecom assets been more important. Safe to say also that it's a bit of a minefield around properly acquiring those assets. One of the reasons is that quite simply those needs change over time... and, oh yes, they tend to cost a lot more often than not! As we seem well out of the collapse of the financial markets in 2008 -2009 (we kind of hope/think!) the importance, and access to that capital and those creative solutions seem once again at the head of the table, so to speak. More sophisticated corporations tend to call it the ' technology sales cycle ', while companies in the Small to medium Enterprise sector in Canada simply call it a ' financial need '! As you can see, we have a theme going here, and its basically you not only have to know ' what to buy" ... thats your problem, but from who to buy it from and finance it ... and that's where we can shed some light on some of those ' little known tricks ' we've mentioned. And when you master some of those tricks you quite clearly will be achieving a better ROI, as well as the cash flow conservation and budgetary pressures that come with investment in technology assets. The whole concept of financing tech revolves around one basic premise - you want to be able to acquire the technology you need and at the same time be able to access flexibility, because boy do things change in tech! So why should you consider the finance of software, computers, etc. Simply because it eases cash flow going out of your business. Many new innovative solutions also revolve around ' pay per use ' program. Quite simply the computer industry has taken the photo copier model and allowed you to pay for computing, printer and telecom power when you use it. Don't forget to also investigate CLOUD and ASP solutions which also can save you tens perhaps hundreds of thousands of dollars in computer hardware investment. So let's get back to a couple of those tricks of the trade. Cash conservation is one of them, so don't forget to explore all options when it comes to staggered or flexible payments, and even operating leases which years ago were the ultimate in optimal tech financing - perhaps less so now because of accounting changes, but they are still a cash flow conservations strategy. When you're budgeting for technology assets don't forget to keep in mind the total solution, and ensure that solution can be financed. That's when the bundling of software, installation, delivery, maintenance etc can again save you thousands of dollars in outflows of cash. And by the way, one of the premises of leasing anything is the old maxim - ' IF IT APPRECIATES, BUY IT, IF IT DEPRECIATES OWN IT. Could any saying be more applicable in computer financing? As a business owner you want to be able to match the productivity benefits with your payments - over time. It's as simple as that. Canadian busines owners and financial managers sometimes have a fear of being ' locked in' to a particular vendor or product. The financing of that technology allows you upgrade and change flexibility to somewhat to a certain degree eliminate the whole issue of obsolescence. Matching your financing solution and source to computer financing needs is important. If you want to explore those ' tricks of the trade ' and little known facts on methods of financing tech assets speak to a trusted, credible and experienced Canadian business financing advisor . Stan Prokop - founder of 7 Park Avenue Financial – http://www.7parkavenuefinancial.com Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 7 years - has completed in excess of 80 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing. Info re: Canadian business financing & contact details: http://www.7parkavenuefinancial.com/finance_software_computer_financing_computers.html
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