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3 Ws of Software Financing

3 Ws of Software Financing

5/18/2020


In order to maintain a competitive edge, up-to-date software and systems are crucial. However, software projects can be complex – often with several milestones and vendors. Learn about the many benefits of financing software projects.


What can be financed?

  • ERP & CRM Systems

  • Analytics Software

  • Accounting & Financing Systems

  • Cloud Storage

  • Computers, Servers & Data Centers 


Why should companies finance software?

  • Streamline multiple vendors into one simple monthly payment

  • Gain predictable budgeting with fixed monthly payments

  • Alleviate administrative burdens with dedicated project manager

  • Preserve cash flow for hiring needs

  • Finance the entire project including hard and soft costs

  • Receive low, fixed rates and best cash purchase price


When can it be financed?

  • Start-up – Subscription and licensing fees

  • Strategy – Consultation services

  • Buildout – Development costs

  • Go live – implementation and training costs

  • On-going support – managed services fee

 
Technology and software are critical for companies to maintain operation efficiencies, stay competitive and safe. However, updates can be expensive and complex. Financing 100% of a software project can help you simplify payments and stay within budget, with the help of First American. Read a recent success story here.
 

Fill out the form below to learn more about how First American can customize a financing solution for your business.

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First American Commercial Bancorp, Inc. is a wholly-owned subsidiary of City National Bank. Deposit products and services are offered by City National Bank Member FDIC. City National Bank is a subsidiary of Royal Bank of Canada. “First American Equipment Finance” is the trade name for certain equipment leasing and finance businesses of First American Commercial Bancorp, Inc. and its subsidiaries. Equipment financing transactions are provided in Canada by FA Equipment Finance, Inc. For California clients: Loans made or arranged pursuant to a California Finance Lenders Law license. All transactions are subject to credit approval. Some restrictions may apply. All trademarks are the property of their respective owners.

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