YOUR COMPANY IS LOOKING TO FINANCE SOFTWARE, COMPUTERS
AND TELECOM ASSETS!
You've arrived at the right address! Welcome to 7 Park Avenue Financial
Financing & Cash flow are the biggest issues facing business today
ARE YOU UNAWARE OR DISSATISFIED WITH YOUR CURRENT BUSINESS FINANCING OPTIONS?
CALL NOW - DIRECT LINE - 416 319 5769 - Let's talk or arrange a meeting to discuss your needs
EMAIL - sprokop@7parkavenuefinancial.com
Finance Software? Yes, you can. Financing computer and telecom assets? Yes... you should! Businesses in Canada constantly strive to be up to date with their technology needs, and the ability to use financing as a method to finance purchases makes total sense, allowing you to customize lease and loan solutions to the useful economic life of tech assets.
FINANCING COMPUTERS & SOFTWARE AND OTHER TECHNOLOGY ASSETS
Equipment lessors in Canada are readily able to finance different forms of technology. Finding the right equipment lease or loan at an acceptable business interest rate is a key part of your overall asset financing strategy.
INFORMATION TECHNOLOGY / SOFTWARE SERVICES / TELECOM ASSETS - CRITICAL TO YOUR BUSINESS
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. And let's not even talk about pandemics.
FINANCING THE TECHNOLOGY LIFECYCLE
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 '!
RETURN ON INVESTMENT
As you can see, we have a theme going here, and it's basically you not only have to know 'what to buy'... that's 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 the' pay per use ' program. Quite simply the computer industry has taken the photocopier model and allowed you to pay for computing, printer and telecom power when you use it.
CLOUD /ASP/SAAS SOLUTIONS
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.
YOUR CASH CONSERVATION STRATEGY
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.
IF IT APPRECIATES BUY IT - IF IT DEPRECIATES FINANCE IT
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 Finance 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 business 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 to upgrade and change flexibility somewhat to a certain degree and eliminate the whole issue of obsolescence.
CONCLUSION
To say that trends in technology are constantly changing is somewhat of an understatement. Upgrades to hardware, software, and other tech assets are expensive and the risk of obsolescence looms constantly. There is a constant challenge in balancing your investments in tech with the useful life and importance of the assets to your business.
At 7 Park Avenue Financial acquiring the assets you need a cost and cash outflow that matches your budget is of key importance to our clients as their financing and asset acquisition needs grow over time. Knowing they can finance via a lease or loan any information technology asset, from financial software to servers, gives our clients peace of mind.
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.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop 7 Park Avenue Financial/Copyright/2020
