WELCOME !

Thanks for dropping in for some hopefully great business info and on occasion some hopefully not too sarcastic comments on the state of Business Financing in Canada and what we are doing about it !

In 2004 I founded 7 PARK AVENUE FINANCIAL. At that time I had spent all my working life, at that time - Over 30 years in Commercial credit and lending and Canadian business financing. I believe the commercial lending landscape has drastically changed in Canada. I believe a void exists for business owners and finance managers for companies, large and small who want service, creativity, and alternatives.

Every day we strive to consistently deliver business financing that you feel meets the needs of your business. If you believe as we do that financing solutions and alternatives exist for your firm we want to talk to you. Our purpose is simple: we want to deliver the best business finance solutions for your company.



Showing posts with label cloud financing. Show all posts
Showing posts with label cloud financing. Show all posts

Sunday, March 17, 2019

Leasing IT Cloud Financing Services . Lease Your Hardware And Software Needs









Technology Finance Lease Solutions for Canadian Business


Information on technology financing needs around the acquisition of computers, software, hardware, and cloud solutions in Canada



IT cloud financing services and the leasing of such services for hardware and software needs presents new challenges for the Canadian business and financial managers looking to leverage technology via lease financing. Oh, and by the way, financing ' the cloud ' presents probably just as many challenges for lessors and finance institutions also!

Cloud technology is of course the newest kid on the block. It’s another new concept to comprehend, essentially the use of computing as resources, both hardware, and software, over a network. That network typically is of course the internet.

For the first time your firm actually is using computing power and doesn't necessarily know where those resources might be located. Naturally as in all aspects of technology and tech finance it’s a case of you using the hardware and software, not necessarily caring about where it is and who is managing or running it.

Naturally the benefits of financing and leasing cloud services are quite clear - lower costs, ease of use, and your ability to add on hardware and software when you need it.

Although cloud computing and financing are relatively new it's surprising to see statistics that indicate at least 1/3 of all businesses intend to finance their cloud services.

It's certainly a different way to structure a transaction. We've always preached the creativity and benefits of hardware, service, and software leasing and it just seems that creativity is again an understatement when you utilize this form of financing. It is clearly a new business niche in Canadian business financing .

We find some a bit of irony in the concept of IT Cloud financing. What is that irony? Simply that for those of use old enough to remember it seems like ' timesharing ' all over again! except we seemed to always know the address of our timeshare firm, and we could actually drive there and see the hardware and software!

Business owners, chief information officers and finance managers are again looking to leasing as a methodology to gain benefits and limit the risk involve in technology purchases of hardware and software.

Naturally there are risk factors in any aspect of business and Canadian leasing companies who participate in cloud financing

are probably struggling to determine what that level of risk is. We would think overall credit quality is key in this new form of financing. It's difficult to structure payments and rates around IT CLOUD finance when in essence the service you are utilizing is ' metered ‘, similar to electricity we would say.

It's the ability of your lessor or computer company to measure what you are using and where that hardware and software computing power is coming from that is key. And if you don’t pay, there is certainly no ability to ' repossess' assets, that’s for sure.

Consider leveraging both the power of the internet and leasing as a method to maximize your software and hardware needs. IT Cloud finance allows you to share resources, and therefore lower your cost.

Your benefits include lower cost of ownership, the concept of paying for what you only use, and the ability, as always with lease finance, to add on to what you might need, easily... and faster.

Speak to a trusted, credible an experienced Canadian business financing advisor who can work with you to meet your IT Cloud hardware and software needs.







7 Park Avenue Financial :

South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8

Direct Line = 416 319 5769


Email = sprokop@7parkavenuefinancial.com

http://www.7parkavenuefinancial.com


Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 100 Million $ of financing for Canadian corporations .


' Canadian Business Financing With The Intelligent Use Of Experience '


ABOUT THE AUTHOR
Stan has had a successful career with some of the world’s largest and most successful corporations.
Prior to founding 7 Park Avenue Financial in 2004 his employers over the last 25 years were, ASHLAND OIL, ( 1977-1980) DIGITAL EQUIPMENT CORPORATION, ( 1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 ) He is an expert in Canadian Business Financing.

Stan has over 40 years of business and finance executive experience. He has been recognized as a credit/financial executive for three of the largest technology companies in the world; Hewlett-Packard, Digital Equipment and Cable & Wireless. Stan has had in depth, hands on experience in assessing and evaluating thousands of companies that are seeking financing and expansion. He has been instrumental in helping many companies progress through every phase of financing, mergers & acquisitions, sales and marketing and human resources. Stan has worked with startups and public corporations and has many times established the financial wherewithal of organizations before approving millions of dollars of financing facilities and instruments on behalf of his employers.



Sunday, November 13, 2011

Expert Cloud Financing Via Technology Leasing - Canadian IT Computing Fresh Perspectives





New Insights Into Technology Finance For Canadian Firms


Information on technology leasing benefits for Canadian firms considering cloud financing and IT computing strategies for growth and financial benefits.






Wow. Cloud financing and IT Computing. Seems a little bit difficult to understand sometimes, right? However, the more we thought about it the more it made sense; and we think we actually were talking about these stuff years before others. That’s because one of the best analogies we've used for over 15 years perhaps revolves around the light bulb.

Let’s explain. When you're looking to purchase electricity is your main concern owning the light bulb? We don’t think so, and talk about a depreciating asset!

So that's cloud computing in a layman’s nutshell, the ability to access it computing resources as a service.

And it always comes back to time and money right? Canadian business owners and financial mangers get the fact that saving thousands of dollars via technology leasing makes sense - and don’t forget about your ability to divert time and resources into that one miscellaneous issue, running your business!

So that’s cloud financing... using the power of the internet to use software and hardware... that you need... when you need it.

Technology leasing has always made sense, because computing assets are costly, and, oh yes, they seem to change once a week or so!

So let’s examine some of those significant aspects to cloud financing via tech lease strategies.

More often than not its always about the money, and the fact that you can leverage a large amount of hardware and software resources on a much more modest investment than outright purchase is a great reason to take advantage of ' the cloud'

Financial benefits of a tech finance solution to the cloud are pretty fundamental, less power and space requirements and the fact that your IT budgets won’t be continually faced with hardware and software upgrade cost requirements.

Canadian business owners, financial manager and IT mangers would prefer to pay for what they use, and not what they are told they might need. So lower monthly payments via a tech finance lease make total sense.

It's of course not always possible to determine what those future tech finance requirements might be, so Thats where scalability comes in, your ability to add computing power, additional software licenses for your users, etc.

We don’t even want to think of the time, planning, and budget approvals involved in a lot of aspects of IT computing and technology leasing strategies. Safe to say that the deployment of these decisions happens much faster in a cloud environment. And staff can of course access these offerings anywhere because... well, it’s the internet!

The bottom line is that cloud financing has great attractiveness to Canadian firms. Less up front investment, the ability to expense the transaction in the manner of an operating lease expense and the classic upgrade abilities of technology leasing make cloud financing a ' must check into ' for almost all Canadian firms we think.

Speak to an experienced, trusted, and credible technology financing Canadian business financing advisor who can structure a tech lease offering that makes sense for your firm.






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/technology_leasing_cloud_financing_it_computing.html