Flexible Funding
Flexible Funding Options
The way your competitors are investing in IT is changing. Instead of buying their technology up-front, more and more businesses are using finance to fund their IT needs. Mitrefinch can make it quick and easy to find the right option for your business.
A different way to pay for your technology
Mitrefinch partner with a range of leading industry providers to offer you flexible funding options and to find you an attractive payment package.
We have the facility to quickly check credit and search for quotes online. We can even arrange favourable rates for the public sector and certain industries.
Leasing your IT requirements through financing has advantages over up-front, outright purchases for many businesses. It can help improve your business performance, productivity and profits, virtually overnight.
Clear benefits
The benefits of financing your IT are clear and compelling:
Start improving sooner
By avoiding the often lengthy approval process associated with buying high-value goods, a lease deal can see the IT equipment you need to improve installed sooner rather than later.
Save tax
Buy equipment outright and you will only be able to "write off" some of its cost to reduce your tax bill. Use financing and 100% of every payment you make can be written off against tax.
Finance all your IT needs
Mitrefinch can offer you the option to include all support and services in your finance agreement, or simply the software if you prefer.
Choose a payment plan that suits your business
Make budgeting and cash flow forecasts easier by tailoring a payment structure to suit your current and changing needs. Choose a payment start date to suit you, or even flex the value of your payments to reflect your cash-flow throughout the year.
We also offer the option to tie payment options to key project milestones - ideal for larger multi-site roll outs. This means that you are only paying for the sites experiencing the cost savings of the system and your bottom line is protected.
Maintain your credit rating
Because leasing is a different form of ‘borrowing', it won't affect your ability to take out other commercial loans from, say, your bank.
Take it or leave it
At the end of the lease term, decide which option suits you best: return the equipment, buy it for a nominal fee or extend the contract. You're in control.
Accelerate the implementation of the latest technology
Implement the latest technologies today and empower your employees to be more efficient and maximise productivity.
Upgrade whenever you need to
When you reach the end of your lease, or even during your lease, trade up to the latest equipment without necessarily increasing monthly payments, avoiding the risk of technology obsolescence. Your business continuously benefits from state-of-the-art technology without having to make new, large capital investments.
Maximise cash flow
Preserve lines of credit whilst avoiding significant up-front cost, and freeing up capital to spend elsewhere within the business to help you grow. You get to spread the cost over fixed, manageable payments that fit around your budget.
Avoid lengthy approval process
The larger your organisation, the more departments you may need to approach for budgetary sign-off for your IT investment. One of Mitrefinch's flexible funding options could mean you're looking at smaller, fixed monthly costs, which can help facilitate and speed up the sign-off process. So you can implement your solution more quickly and start to realise the benefits sooner.
