A common scenario in any climate, but even more so today: Your customer wants your solution, but not at the price you are asking for. You’ve worked tirelessly to develop a market leading solution and you’ve readied your sales, operations and service delivery teams. Now all’s that’s left is to fill up the order books. But between vacant stares at your fancy sales wallboard and...Read More
It’s a common misconception that large businesses prefer to purchase their equipment, rather than lease it. Taking today’s challenging market out of the equation, 80% of the FTSE 500 have always favoured leasing because of the cash-flow efficiencies, not to mention, it beats tying cash up in ever-depreciating business necessities such as computers, desk phones, air conditioning units and furniture. Also, the tax efficiencies mean profitable companies can offset...Read More
If you are an equipment or technology solutions provider, you’ve probably come across the term Vendor Finance. The meaning however is very much perceived differently depending on which finance solution you use. Here, we’ll explain the definition of Vendor Finance, the Lease Group way. OK, so you run an equipment or technology business. You may be a provider of telecoms equipment, IT solutions or even...Read More
Equipment leasing is called upon by businesses big and small as a cost effective and budgetable way of acquiring the latest technologies. Here we will run through the key reasons for leasing equipment versus purchasing technology and services outright. Firstly though, what exactly is Equipment Leasing? Equipment leasing is quite simply the process of acquiring equipment and technology via third-party finance and paying for it...Read More
According to the The Department for Business, Energy and Industrial Strategy, £23.4bn worth of late invoices are currently owed to small firms across Britain, a situation which has forced the body to consider new measures and legislation to clamp down on late payers.The volume of late invoices has creeped up during 2020, not surprisingly due to COVID-19. Small business minister, Paul Scully, said: “Late payments are a terrible...Read More
