Looking For A Technology Financing Sidekick?
OVERVIEW – Information on financing information technology in Canada. ‘ I T ‘ assets such as computer and software solutions require the maximum amount of financing leverage for a number of reasons
Information technology , and in particular ' I T ' Computer financing in Canada doesn't need to be ' cringe worthy '
So it would seem your firm might just benefit from a ' sidekick ' shall we say in addressing those financing needs. We suppose that's us, so let's dig in.
One of the most common solutions to acquiring and financing technology has historically been leasing. It's been around almost before the Dead Sea even was ill. And the benefits have always been the same.
The industry summarizes these as:
Asset obsolescence management
Cash flow preservation
Ability to upgrade assets as you require
Pre negotiated 'End of term' options that make sense for the lessee
Customization and Flexibility
It's therefore not hard to see how these key benefits, almost timeless with this type of financing fit nicely into Information technology financing.
Budgets are a key part of any company (large or small) tech finance asset strategy. Sometimes these budgets have timelines that make computer financing for hardware and software needs challenging. Lease financing allows the business owner and financial manager flexibility in managing to that budget, both in terms of funding and timing.
The ability of your company to adapt to new technologies and finance them at the same time will always be a top priority for businesses in today’s highly competitive environment.
Numerous ' accounting ' issues
One of the biggest mistakes that a company can make is to be unwillingly, or ' unwittingly’ locked into computer financing situations that offer no flexibility. In a perfect world you want to strive for the ability to ' scale ' your investments in tech while at the same time knowing you can either ' lock in' or grow at any given time. Lease financing more often than not, properly structured, offers those options.
When you require technological assets it's of course key to select the right vendors and suppliers. While sometimes the vendor and finance solution are separated, in many cases it makes sense to use the ' CAPTIVE ‘finance solutions of your vendor which offer your firm a total one stop solution.
Knowing you have legitimate vendors and lease and finance contracts that are understandable and make sense is key to solid tech financing success.
Simply speaking the right assets and the right financing will help you achieve maximum RETURN ON INVESTMENT - ' ROI '.
‘CRINGING ' doesnt need to be a part o your information technology thought process. Find that ' sidekick' you need by seeking out and speaking to a trusted, credible and experienced Canadian business financing advisor with a track record of success in IT Computer financing in Canada .
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 10 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 :
7 Park Avenue Financial = Technology Financing Expertise
Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?
CONTACT:
7 Park Avenue Financial
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Office = 905 829 2653
Email = sprokop@7parkavenuefinancial.com
' Canadian Business Financing with the intelligent use of experience '
Stan Prokop
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