Innovative agreement helps to fund IT upgrade

As the UK SME market really starts to find its feet, many businesses have moved out of recovery mode and are looking to continue their growth. Investment in technology for many is a key component to winning new customers and increasing business capacity.

We were approached, via one of our technology introducers, to fund such an acquisition for a business that provides logistics management to a wide and diverse range of clients. Their processes and technology provide the backbone to their organisation’s ability to add value to their clients and improve their customers’ satisfaction.

The company were looking to upgrade their current ERP (Enterprise Resource Planning) system to improve their existing systems but also provide new functionality to enable them to win new longer term logistics contracts. As the majority of the costs associated with the IT project were customising the package to fit their specific business, most of the invoice costs were consultancy and development. Our unique Technology Finance Agreement allows businesses to invest in these types of intangible goods and spread the cost over a period that will allow them to see ROI from Day 1.

This is one of the many types of software financing deals that we can provide to our introducers that helps resellers sell more, and customers to pay for the equipment in smaller monthly instalments.

Deal size: £75k
Term: 36 months