Software leasing has become increasingly popular during the last decade, and the reasons for that are obvious: technology is constantly changing and improving, which means that what you buy today may be obsolete tomorrow.
Additionally, when buying your software, you will usually have to pay money upfront. These are just two examples, and leasing may be the solution to these problems as well as others.
1. Elimination of Upfront Costs
When your company needs some kind of equipment, you have several options to turn to. If you buy this equipment, you will most likely have to pay a sum of money upfront, even if you finance the purchase with a bank loan. This money could instead have helped you to further develop your company. With leasing, you usually pay nothing, in the beginning, to get your equipment up and running.
2. Flexible Payment Options
Together with us, you can easily work out an agreement that lets you lease the software you need for the duration of a specific period. Perhaps you only need the software for a certain project your company is involved in–we can help with that. Together we can come up with a payment plan that suits your company perfectly.
For example, your monthly payments can be optimized to fit your company’s particular financial situation.
3. You Can Let Your Clients Pay for the Billing Costs
Since your monthly payments have been tailored to suit your company, you can usually roll over the monthly expenses for the software lease to your client as part of the total project cost. Simply put, you can treat your lease expenses like operating costs instead of financial costs.
This gives you much more financial freedom.
4. Frequent Upgrades Are Included
When you buy computer software, upgrades at a basic level are often included. However, if you lease the same software, you can expect to receive much more frequent support from your software developer as part of the leasing agreement. Naturally, having the latest versions of computer programs is crucial when the software used is a key feature of what you’re providing to customers.
5. Exceptional Support and Services Are Included
Even the finest computer software can sometimes malfunction or cause trouble related to its design. If you have bought this software, you can probably expect help at some level; but if you instead lease it, the support and service levels will be brought up several notches. There is no need to hire any external computer software specialists to fix these issues.
Leasing computer software obviously has its advantages, and the list above is far from everything you can look forward to when working with us. There are other items, such as optimized tax deductions, protection from interest rate increases, bank borrowing capacity savings, and more to look forward to. Visit Noreast today to discuss these matters further. Noreast Capital Corp is a direct lender to the SMB (Small- and Medium-sized Businesses) market, and we are experts at financing leasing agreements.
