P2P

25 I L T A N E T . O R G • Mobile and remote capabilities with a mobile app to enable barcode scanning of both in-office and offsite assets. IT will know in real time the location and chain of ownership tied to any piece of equipment. Finance can manage all contract expirations and lease language from a single place, putting them in an optimal position to proactively manage terms and conditions and reduce costs. • Lease information at your fingertips, including start and end dates of leases, make and model, serial number, PO number, address, original equipment costs, and more to enable firms to be proactive in the financial management of your assets. • The ability to make quick and informed decisions on a global or granular basis from being able to access centralized important information. 100% Financing of Software and related Soft Costs such as Training, Implementations and Consulting Firms can manage the cost of a software implementation or upgrade in several ways, but the fundamental decision is purchase versus financing. In that process, there are several important factors to consider: • Monthly expense vs. total cost—monthly payments may secure a more cost-effective solution over the life of a lease. The costs are spread out to the partners that are utilizing the software. • Spreading costs over a 36-to-60-month lease is less taxing on cash reserves, allowing partner distributions to proceed regularly. • Software costs also carry associated soft costs that may not be factored into an outright purchase price • Financing terms may offer more flexibility and incorporate upgrades that would otherwise pose additional after-purchase costs. While compatibility with existing systems is central to any software deployment, large firms support complex information technology infrastructures and may discover that additional hardware and software upgrades are required. Spreading that expense over a longer term makes the investment more manageable. In addition to the software expense, the best integrations also require other consulting services that add to both the cost and complexity of the project. This can include many conversion expenses that don't necessarily happen on day one of the installation, and the firm may decide it requires more or less of these implementation line items along the way. Some example conversion costs could be hardware upgrades, training, maintenance contracts, and additional software packages. Having a full grasp of these items and managing the payment logistics involved requires a deep knowledge of the entire life cycle of the implementation. Key Benefits of Financing Software to Consider • Monthly expense vs. total cost – monthly payments may secure a more cost-effective solution over the life of a lease. • Spreading costs over a 36-to-60-month lease is less taxing on cash reserves, allowing partner distributions to proceed regularly.

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