IBM Computer, Laptops and Servers

Back Homepage Content Directory Resource Guide Blog

Customer Finance Programs Key to Increasing Sales

While studies show that technology spending is once again on the rise, there's a reason you haven't heard a collective sigh of relief from the software industry. While many budgets are once again allowing for the purchase of enterprise software, hardware and peripherals, there's no question that today's purchasers are smarter, savvier and more selective than ever.

Laptop Battery Even though the purse strings have loosened, competition is at an all-time high. It's no longer enough to provide a software solution that meets the potential customer's needs, or even to provide it at the best price. Today, smart vendors are constantly looking for ways to stay one step ahead of the competition.

"Using WebEx Sales Center, customers now see exactly how our finance programs work. face calls."

Thinkpad While increasing sales is always part of a competitive business strategy, software development companies often overlook a simple method of accomplishing this objective - making it easier for customers to buy.

Computer memory is the quickest, cheapest, and easiest way to improve the performance of your system. Find RAM memory upgrades for desktops, laptops, servers, and printers all backed by a lifetime warranty and guaranteed compatible with your computer. Shipping is an everyday low price of $1.99! Computer Memory Outlet sells memory compatible with all leading computer manufacturers like Dell, Apple, Compaq, HP, Sony, IBM, Lenovo, and many more.”

Microsoft One option increasing in popularity among software vendors is to establish a customized finance program that provides no-hassle financing solutions for your prospective clients. In addition to "one-stop shopping," your customers can reap the other benefits of financing that make it easier for them to commit to technology purchases, including:

Increase your sales and inc ome immediately. Learn how to sell more, faster, easier, and at higher prices and profits in any market! minute CD, I show you the best strategies and skills for dealing with price used by the highest paid salespeople in every industry. Why this program will help YOU to Double Your Sales The techniques that I will share with you will help you to increase your prospects, get more sales appointments, close more sales, sell to customers over and over again, and massively increase your inc ome.

Laptop Computers 100 percent financing - Many finance companies offer 100 percent financing for the cost of software and maintenance contracts, which requires no down payment. Because customers don't have to come up with a down payment, they can make a purchase immediately, rather than hold up the sale with a "wait and see" mentality that often accompanies a dip into cash reserves. It also allows your customers to invest more capital in revenue-generating activities.
Improved cash flow management - With software financing, your customers can conserve capital for reinvesting in their business and improve budgeting accuracy through fixed monthly payments. Financing also makes it easy for customers to access multiple-year budgets by paying for the benefit of your software over its useful life.
Flexible payment structures - Customers can optimize project budgets by taking advantage of the flexible payment structures available through financing to maximize the return on their investment. For example, with software financing, customers can ramp up payments to match the revenue generation of a new technology project that is utilizing the software being financed.
While financing provides a clear advantage for the buyer, when a program is well planned, the list of advantages for software developers, distributors and resellers can be even more beneficial.

> Acer Laptop Computers Acer Laptops from Laptop shop.co.uk. Browse our range of great Acer Laptop PC. You can shop by Acer Laptops series or click to view all Acer Laptop Computers. Acer pack power, performance and value in to all of their Laptops. Buy with confidence from Laptopshop.co.uk. Call our sales team for friendly and professional service and advice on the best Acer Laptop for you.

Laptop Computer Improved Customer Relations
As noted above, financing packages add value for the customer by enhancing their buying power, offering greater flexibility and providing convenience. It also increases their satisfaction through the ability to leverage their budget to acquire the total technology solution - which could include software, hardware, service, support, integration and training - rather than only the parts and pieces they could afford through an outright purchase.

Sendia's Streamlined Deployment Process Sendia has streamlined the deployment process so that companies seeking to empower their mobile sales people can have their teams up and running with the solution in a matter of weeks. Sendia's Wireless SFA gives salesforce.com subscribers instant access to their customer information. Sales teams can now access key customer information instantly while out on sales calls, between appointments, on business trips, or even on an airplane. Since Wireless SFA is accessed via a handheld device, no laptop is required, ups, ons and lengthy data retrievals.

Desktop Computer Shorter Sales Cycles
On the sales side, any customer who expresses some interest in a product seems like a good lead. However, there are many times when the question of how to pay for the new software prevents the sale from happening. Time lost on dead-end deals can be eliminated when financing is part of the sale, as the ability to pay is immediately considered in the equation. In addition, many finance companies now offer fast, easy credit and documentation processes, so you can complete a sale quickly and avoid costly processing delays.

Notebooks Another benefit is that as software needs are being discussed in the sales process, the finance specialist can work with the chief financial officer or accountant to determine which financing option and payment plan best suits business needs and cash flow.

Lenovo Direct customer financing can also save software vendors millions of dollars each year by reducing the number of days a sale is outstanding. Consider a company with quarterly cash sales of $50 million. On average, it can take 45 days to collect payment. Assuming a borrowing rate of 6 percent, the 45-day lag in payment results in a carrying cost of $371,204. If the same numbers are run with a leasing finance program that generates payment within 2 days, the carrying cost drops $82,253, saving the company more than $288,951 in one business quarter.

Hard Drive The Big Picture
Overall, equipment financing programs can:

Travelstar Generate larger, more profitable sales faster;
Increase account control;
Improve sales efficiency and productivity;
Lower days-sales-outstanding;
Improve cash flow;
Differentiate your company from its competition; and
Provide complete solutions for your customers.
Taking the Next Step
After identifying an interest in offering flexible financing as part of the sales process, the next step is to develop a finance program. By partnering with an experienced leasing company to develop a finance program for your customers, you can transfer all of the uncertainties of extending terms to your customer to the finance company.

Gateway Partnering with an experienced finance company also means you can concentrate on what your company does best - developing software - while letting a finance expert handle the intricacies of a finance program. Put simply, by working with a third party, your company will receive all of the benefits with none of the risk.

Laptop Parts Whether you choose to refer your clients directly to your financing program partner or to work with a third-party finance partner to develop an in-house program, it is essential to choose an experienced equipment finance partner. During the sales process, the finance expert will be working closely with your customers, and it's important that his or her actions and service levels reflect your company's ability to meet your customers' expectations. When searching for a finance partner, look for a company that:

Software Is flexible and willing to work with your management team to develop a program that will meet your financial objectives;
Is experienced in the IT and software finance world, since the sales process, client-decision criteria, and revenue recognition issues are different than that of capital asset sellers;
Provides marketing support and materials to help you promote your financing program
Is willing and able to provide your sales team with materials and training to ensure sales team members are comfortable and easily able to raise financing as an option with their clients; and
Is a financially stable, long-term business partner.
Companies in search of a leasing partner can visit Choose Leasing (www.ChooseLeasing.org), a Web site developed by the Equipment Leasing Association, where you can find answers to commonly asked questions about leasing and search for an experienced leasing company specializing in vendor finance programs.

Hard Drives RJ Grimshaw is director of sales, vice president of Key Equipment Finance's Information Technology Group. Key Equipment Finance (www.KEFonline.com) is one of the nation's largest bank-affiliated equipment leasing companies. Grimshaw has more than 10 years of leasing industry experience. He can be reached for questions at 713.354.4545.

[ Comment, Edit or Article Submission ]

Share this:

Add To Yahoo MyWeb Add To Google Bookmarks Add To Furl Fav This With Technorati Add To Newsvine Add To Bloglines Add To Ask Add To Windows Live Add To Slashdot Stumble This Digg This Add To Del.icio.us Add To Reddit

More about:

Nov December 2008 Jan
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

IBM Computer, Laptops and Servers Blog on Technorati Related Blog of IBM Computer, Laptops and Servers on Sphere
Content Directory
Resource Guide


Acronis Data Backup Software and Disaster Recovery

Website Links
IBM Computer, Laptops and Servers Copyright © 2008 www.ibmfans.com. All rights reserved. Site Map
Homepage | Blog | Advertise | Privacy Policy | Disclaimer | Contact Us | Links