Information Technology Finance Was Made For Your Company !
OVERVIEW – Business leasing is a major provider of information technology finance solutions . Here’s why .. and how
Information technology finance is often all about ‘ timing’. One of the ways the owner/financial manager can address the challenges that come with financing technologies is the proper use of business leasing. Let’s dig in.
So why the theme of ‘ timing’ ?It’s because when we meet with clients to discuss their financing needs in the areas of computers, software , telecom, office, etc issues such as :
In some cases the Canadian business owners/managers have in fact ‘ cut back’ on their ‘ IT ‘ (information technology) spending. That of course works for awhile, but ultimately your competitors tend to have a field day with their ability to leap forward in your industry.
More often than not your technology needs to be what the tech vendor’s call ‘ refreshed’. In some cases the startling change in tech almost forces the business owner to address newer hardware and software offerings that allow you to significantly ‘ fast forward’ your overall business model.
Just yesterday we spoke to a CEO of a well known Canadian mfg firm who has now been able to offer their clients the ability to change core mfg. processes without scrapping their client’s legacy investments. Naturally the clients now have to address that acquisition in terms of cost, financing, budgets, cash flow, etc. Effective business leasing of tech assets can complement positively all those challenges.
In business it’s all about ‘ ROI ‘, the infamous ‘ return on investment’. Top experts in technology tell us that returns on your tech investments can bring anywhere from 30-80% ROI
Financing information technology also has the ability to reduce cost – those same ‘ experts ‘ have proven to us time and time again that a large portion of your finances in technology simply go to keeping things running. The one ‘ sure thing’ in tech advances is that things typically are cheaper, faster, and allow your firm to be more productive and competitive.
When it comes to business leasing in tech it’s important for the business owner/ financial manager to understand that all hardware, software and related costs and services have the ability to be financed – typically via an equipment lease.
Financing options vary, so if your firm wants to address the specialized offerings in technology finance around lease documents, residual values, budgeting, software finance solutions, etc seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you with your information technology finance needs.
Author: Stan Prokop – founder of 7 Park Avenue Financial
Originating business financing for Canadian companies, specializing in working capital, cash flow, and asset based financing. In business 10 years – has completed in excess of $90 Million of financing for Canadian corporations. Core competencies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing.
Info re: Canadian business financing & contact details:
7 Park Avenue Financial
Off. 905 829 2653
Cell 905 302 4171
7 Park Avenue Financial
Canadian Business Financing