Many people don’t know that it’s possible to finance business software projects. These projects can include the software and all related services. And in the case where a business is required to pay for an annual subscription in one sum, financing allows for those costs to be amortised across monthly instalments.
Interest rates are low, and now is a good time to be considering financing.
There are third party brokers that specialise in business software projects and can provide individualised service. These brokers offer short approval times and often don’t require full financials. And because the Return on Investment (ROI) for business software projects is often achieved as early as within 6 months, financing allows businesses to implement the project and start realising that ROI much earlier.
It is certainly worth the consideration.
We have worked with a number of clients who have taken advantage of project finance to initiate new projects and to finance the ongoing subscription of their licenses.