Giving the increasing demand for software leasing options, within this blog we explore a couple of the primary arguments supporting the viewpoint that leasing is the better option for companies looking to use the software.
When it comes to “buying”, the word is not entirely accurate when used in the context of software.
For instance, when you buy Microsoft Office, what you are actually doing is purchasing the license to use that software, not outright ownership. And this buyer/user dynamic is interesting given the frequency with which more and more organisations are choosing to lease software as opposed to the traditional method of buying licenses for use.
Cash Flow Implications
Perhaps the most obvious argument in favour of leasing software is that leasing allows business owners to benefit from the use of the software without weakening cash flow through one significant outright purchase.
This, made possible by the flexible terms and fixed payments that some leasing companies offer, makes software leasing more than a go-to solution for a financially aware business – they make it a flexible finance option that can be used to ensure businesses are best positioned to realise their business objectives through a strong cash flow.
Staying One Step Ahead
Yet another benefit associated with leasing is that it frees businesses from the threats of software redundancy and obsolescence that are often apparent in purchase deals.
With leasing, if the customer still feels the software is relevant to their business, they often have the ability to extend its usage by continuing to make payments. Alternatively the customer can upgrade their software with the supplier, and the business can utilise the most up-to-date software in this ever evolving technological world!
At Shire Leasing Plc, we are experts in providing a range of finance solutions to meet the business needs. Through this commitment to helping businesses grow, we have been exposed to various misconceptions regarding the world of software leasing.
In response to this, we have created a short infographic to help debunk these myths and help you decide if software leasing is the right choice for your business – to download this infographic, click the button below.
