Benefits of Technology Financing
Posted by business | finance | Posted on October 10th, 2009
Whether you’re a CIO considering a switch from Sun to IBM or a manager debating about upgrading your entire Server platform, one thing remains the same: you’ve probably got one eye on your efficiency gain and the other eye on your budget.
Fortunately, there are several financing options available to help you break down large technology acquisitions into more affordable monthly payments.
The Equipment Leasing and Finance Association (ELFA) estimates that eight out of ten U.S. companies lease at least some equipment, but what many people don’t realize is that there are flexible financing options available for almostany kind of technology equipment, including software, services and training.
Equipment financing is a popular way to maximize your purchasing power largely because it is acost-effective way to obtain the newest equipment without a large outlay of cash.
Financing also helps shield you from the effect of equipment obsolescence, a real issue for all those using any type of technology asset. It’s easy to add the latest software version to your master lease so you don’t have to worry about working with outdated technology.
The Benefits Add Up
Some of the other recognized benefits of financing technology equipment include:
• Reduced Tax Burden – The IRS does not consider certain leases, for example, to be a purchase, but rather a tax-deductible overhead expense. Therefore, you may be able to deduct the lease payments from your corporate income.
• 100 percent financing – Some financing options require very little money down – perhaps only the first and last month’s payment are due at the time of the acquisition.
• Immediate write-off of the dollars spent – With some financing options, payments can be treated as expenses on a company income statement, so equipment does not have to be depreciated over the useful life of the equipment.
• Flexibility – As your business grows and your needs change, flexible financing options provide more opportunities for businesses to add or upgrade equipment during the lease term.
• Asset management – Financing provides the use of technology equipment for specific periods of time at fixed payments. With some financing structures, the finance company assumes and manages the obsolescence risk of equipment ownership. At the end of the finance terms, the financing company is responsible for the disposition of the asset.
But that’s just the tip of the iceberg when it comes to reasons to finance technology equipment. Some of the other recognized benefits of financing include:
• Upgraded technology – Equipment that is frequently updated, such as software, should be financed to limit your risk of being stuck with obsolete equipment. It’s easy to add the latest software version to your master lease, for example, so you don’t have to worry about working with outdated technology.
• Speed – Some financing options can allow you to respond quickly to new opportunities with minimal documentation and red tape. Most resellers work with a finance company that can approve applications within twp hours.
• Improved cash flow – Many finance structures can result in a lower monthly payment when compared to a standard loan. In addition, some finance companies offer seasonally adjusted payments to match a company’s needs.
• Simplicity- Financing process and documentation is straight forward and easy to understand.
Finance Services Too
Training, support and other services are vitally important to a successful technology implementation, yet they are some of the most overlooked costs involved with a technology acquisition. Because of this, Somerset Capital Group, Ltd. offers a finance program to help companies cover the cost of training and services, specifically.
Often, everything involved in a technology purchase, from the software to the services and training can be bundled into one predictable monthly lease payment, making it easy to budget for all costs associated with a technology acquisition.
With Financing, One Size Does Not Fit All
Another important benefit of financing is that there are a variety of flexible financing products available to help meet your unique business needs. Many finance options can be tailored to fit month-to-month or year-to-year cash flow needs. Custom arrangements can be designed to address requirements such as cash flow, budget, transaction structure, cyclical fluctuations, and more. Some finance options even allow the customer to miss one or more payments without penalty.
If you’re concerned about purchasing technology that could become obsolete or outdated, or if you’d like to give yourself the flexibility to respond quickly and easily to new opportunities that call for additional software, chances are there’s a financing option for you. Even if your company has cash on hand for a large technology acquisition, there may be a finance option available that would allow you to make better use of your working capital.
Like any business decision, it is important to do your research before deciding which kind of finance option makes the most sense for you.
Get Financing Today
Because financing is such an important part of helping you get the software you need to excel at your job, USXL makes a variety of flexible financing options available. The application process is fast and simple; you could qualify for financing before the end of the day.
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this link has an article describing many different precision agricultural practices and the characteristics of technologies that will work.
@MrPontiusPilate PP ??? …yeah , pretentious dickblower is gonna lecture us , coz he’s yankee asshole who knows it alllll .. most boring nationality on youtube
It will not work
I investigated Medicaid & Medicare Fraud in NYC and Long Island for 28 years.
Well over one thousand times; I visted Medicaid or Medicare Clinics and/or NYC Hospitals, Pharmacies, etc. " posing " as a Medicare or Medicaid Receipient.
The Providers ( Doctors, Dentists, etc. ) steal millions of Dollars from the government and the Recipients also steal from the system in that they allow the Providers to Bill the Government for Medical Services that they never receive in exchange for pills and/or money from the Provider.
I once saw a Medicaid Recipient with 21 different Medicaid Cards under 21 different names with 21 different Client ID Numbers ALL with her photo on them
I made undercover visits to a Psychiatrist who gave his patients a 3 minute visit ( including me ) + a bag of pills and the Psychiatrist billed the Government for 27 Hourly Therapy Sessions every day and….you guessed it…the Government paid for 27 Hours in each day.
I arrested a Dentist whose Office was open from 10 am – 12 Noon every day. This Dentist had gypsy cabs drive 40 junkie recipients ( from Harlem & the Bronx ) to his Office. The Dentist would then x-ray every junkie's mouth & pay each one ten dollars. The Dentist then billed the Government for the same $ 350. worth of ficticious Dental Work on each Patient. This went on for 18 months & the Dentist was paying the junkies a total of $ 400 per day & was receiving a check amounting to $ 13,500 per day from the Government for 2 hours of billing for services not rendered.
As far as the quality of care goes….I recall one Dentist's Office where a new hygenist remarked " Doctor….you are not sterilizing the instruments that you use in the patient's mouths " & the female Dentist replied " What do you care….they are all junkies with AIDS & they are going to die anyway "
So much for Government Health Care
@ytertyu
Huh?
Every source of energy takes huge up front investments. You can't produce electricity with coal unless you build the plant. The government has subsidized most forms of energy, so I don't see any differences between dirty energy and clean. The only real difference is wind, solar, tidal etc, won't be held hostage by suppliers or market conditions. We just need more people like T. Boone Pickens to see there are ways to make money off of the technology and it will happen.
Culturally, the challenge is to show people we can continue to live a comfortable lifestyle and conserve energy. We can solve a lot more problems by cutting back on demand than rushing projects to meet demand.
@shovland because human ingenuity is infinite
I think we're really going to see a shake up in the polls once he officially enters the race. Right now the nomination is really up for grabs and I think he will be the one who can appeal to voters like me who are strong on moral values, wants to secure our boarders, doesn't agree with amnesty for all illegals who are already here, thinks Roe v Wade is bad law, smaller government, more states rights and the list goes on. Hes a good speaker and because of his acting he already has name/face recognition before people even know where he stands on the issues. I think he's a very strong candidate and he's my pick for the primary and beyond.
This guy says that the Chinese may start buying copper instead of currency’s !
That says it all.
harvard professors are notorious for giving horrible snapshots of any markets. a year ago Harvard lost %30+ in their investment portfolio, plus another 40% on something else…..and both were run by faculty, not some student organization thing. this guy was probably one of them.
He’s adopted, don’t listen to him. He will give you AIDS.
He’s adopted, don’t listen to him. He will give you AIDS.
I would oppose it. I'm Conservative.
obama wants to get the credit for the money being wasted on a project that's not needed.
There is so much I desperately want to warn people about the nightmare of Socialized medicine. I know all about it. I'm living the nightmare here in Europe.
The most important things to consider are this:
1) Think your doctor is apathetic and callous now? Ha!! Just wait until medicine is Socialized. He'll probably practice his golf putting while you're still in the examination room. Doctors under Socialized medicine can't care less.
2) Only 15% of Americans don't have adequate or any health insurance. The majority of them can afford it. They choose not to. Look at how many "poor" people have cable tv, drink coffee at Starbucks, have designer clothing, women with expensive hairdos and guys dressed in Fubu and gold chains. It's all a matter of priorities.
3) In all countries with Socialized medicine, you do not get a real appointment. You sit like a chump in a crowded, dirty waiting room with dozens of other hapless souls. So now, besides just paying for Loquitia and her six out-of-wedlock kids, you are forced to sit with the ill-mannered, raucous little brats.
Sound like fun?
Here is an analogy:
When I was young, we belonged to a nice country club with a pool and tennis courts. Membership was limited to 300 families, so it would not get too crowded. Summers were idyllic. We would often go there at 7am for swim lessons, and stay till 10pm, having eaten lunch there, and been joined by our dad who would bring food for us to grill, just as many other families did. It was a real club in the sense that everyone knew each other. Going to the club was the absolute core of our summers.
Then, it got sold to the Park District. They filled in the deep end of the pool so they wouldn't have to worry so much about anyone drowning. The pool was ridiculously crowded, noisy, and unpleasant. Mothers would just drop their kids off and leave. So many unsupervised children made it a nightmare. The place was dirty, and you could never swim laps because it was overrun by so many people.
Now you understand what will happen if private medical care is replaced by Socialized medicine.
Popular reporter John Stossel pointed out that Americans go to the doctor much more often than any other people on the planet, and take way, way more prescription drugs. We are also the fattest country on earth, and Socialized medicine would just be an excuse for people to demand fast, easy cures for their "obesity disease".
So, what do you want? A nice country club, or the nightmare of a dirty, over-crowded public pool?
um, keeping inventory of the cows…?
being able to have their information easily, like on the chip having their age and what they will be used for?
Nitro is a gay right wing twat. Or should I say he is a Log Cabin Republican?
Stay clear from this ….
K
He’s adopted, don’t listen to him. He will give you AIDS.