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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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