YOUR COMPANY IS LOOKING FOR IT FINANCE & TECHNOLOGY
Computer And IT Equipment Financing & Leasing In Canada
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Financing & Cash flow are the biggest issues facing business today
ARE YOU UNAWARE OR DISSATISFIED WITH YOUR CURRENT BUSINESS FINANCING OPTIONS?
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IT Finance and Technology Leasing. Whether your business needs consider the acquisition of computer equipment or other tech gear a cost or investment it's important to know your 'INTELLIGENCE QUOTIENT' ( IQ) on what for many firms is a very significant either ongoing or one-time expense.
TECHNOLOGY MAKES FIRMS COMPETITIVE
There has never been a time when a competitive edge often is aided by a tech investment your company makes or needs. In the language of the people it’s all about the ' bang for the back', getting the most out of the minimum spend.
EXPLORE FINANCING OPTIONS AROUND TECHNOLOGY NEEDS
That’s where finance and equipment leasing options around computer equipment, software, and telecom type need becomes a critical aspect of your overall decision. It's all about benefits you can achieve from the flexibility of a (proper) finance solution.
Naturally, the benefits of a tech investment aren't just financial, as we noted they are both operational in nature and in some cases might be a key part of your overall competitive strategy.
YOUR COMPETITORS ARE FINANCING THEIR ' TECH' NEEDS
Numerous North American stats suggest that the majority of IT Computer solutions end up with a financing package attached to them. That is either driven by the vendor or your own expertise in the matter.
KEY REASONS WHY FIRMS FINANCE TECHNOLOGICAL ASSETS
So what are those key reasons that Canadian firms choose to finance their technology through an equipment leasing company? One major one is simply the fact that technology today seems to be a moving target, and your firm is often concerned with the ability to acquire the newest and the best at the lowest cost. A real irony in the industry is that in many cases cost goes down and benefits go up, not vice versa.
Secondly, a prudent business owner, IT manager, and of course the finance manager want to be able to match benefits achieved over the long term with cash outflows. Yesterday we got a call from a corporate treasurer who had just found out his operational staff had ordered a 1.6 Million dollar ' simulator ' and delivery was forthcoming. (We’re of course assuming the operational staff had the authority to order that much?!). The Treasurers' challenge? How to acquire financing services and pay for the system!But our point is that based on a proper financial package of information that type of problem can be fixed in a matter of a couple of days via a lease financing approval.
ACQUIRING ASSETS WITHIN YOUR CAPITAL BUDGET
Whether your firm is a medium-sized or larger corporation it probably has a budget around the technology spend. Lease financing and proper structuring of a finance solution allow you to acquire and manage assets within that budget. For the SME business owner, whether there’s is a formal budget or not it always more often than not comes down to cash flow management.
In certain cases some firms certainly have the ability, or need, to purchase technology outright. Proper use of any type of lease vs. buy analysis will usually guide the business owner, CIO, or manager to the right decision. That's when the investment should allow you to achieve competitive and operational efficiencies.
Never underestimate the power of a financing/leasing solution when it comes to IT and technology financing. Speak to a trusted, credible and experienced Canadian business financing advisor who can assist you in making the right financing decision around what arguably is one of your companies most important and asset acquisitions.