Payment Prudence: Why You Should Opt For Software Leasing
The role and importance of business software has changed dramatically in the past few decades, yet many firms are still treating software financing the same way they always have. Companies continue to purchase programs outright, even when they are of limited long-term value. Instead, you should consider leasing software for your business, especially if:
You’re Concerned About Capital
If you lack the cash to purchase valuable programs, leasing allows you to gain access to them immediately rather than having to save up money. This means you can reap any productivity or cost-cutting rewards the software brings now, taking full advantage of all opportunities to grow as a business. Even if you have the money, leasing leaves you free to spend more of it on other investments rather than sinking it all into digital purchases. These savings are further enhanced by the many tax advantages that come with leasing.
You Can’t Keep Up with Updates
If you don’t specialize in tech, you likely have trouble keeping track of new software updates. Even when you know new programs are available, you may not be able to judge how valuable they are to your business. Software providers have the specialized knowledge to identify and evaluate updates. Leasing also means you won’t have to spend money on programs that will soon become obsolete, limiting your potential for lost investments.
You Need a Myriad of Products
If your company relies on a wide range of different programs and applications, buying them all may create an enormous logistical and financial hassle. Leasing allows you to gain access to a multitude of products without the burden of purchasing each one. The examples/types of leased software include customer relationship management (CRM) systems, computer-aided design (CAD) programs, ecommerce software, and Point of Sale (POS) applications.
You Require Supplementary Services
Leasing software gives you access to a range of services that supplement the programs themselves. These include training your staff to use the software and customizing it to fit your unique needs. Providers also tend to offer troubleshooting and security services to you if you lease.
You Still Desire Ownership
If you still desire the benefits of ownership, many leases allow you to become the owner once the contract comes to an end. Such leases often require no additional payments, all while letting you reap the benefits of leasing prior to that point.
Dimension Funding offers the full range of business software products, along with quality support services, to all companies and organizations. For more information or to sign up for a lease, contact us
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