• Search
 
 
  • Home /
  • News
  • /Now is the Time to Finance Your ERP Software Investment!
 
 

News and Offers

Triumph ERP supports thriving WA business despite troubled economy

kirby1

Western Australian owned and operated business, Kirby Marine, is traversing the challenging economic climate and is currently experiencing a boom, contrary to many other businesses in WA.

Read more ...

Now is the Time to Finance Your ERP Software Investment!

image012

Here are 8 reasons why finance is a great option for your investment in new ERP software!

Read more ...

Triumph ERP Connecting Businesses Around the Globe

2e1ax timeless entry Steel

Triumph ERP has a reputation of being an advanced and versatile software solution for modern businesses. Triumph Client EastWest Steel Trading and Distribution is an excellent example of this.

Read more ...
 
 
 
 

Now is the Time to Finance Your ERP Software Investment! 

image012

Many businesses put off upgrading their accounting or business management systems because of seemingly expensive upfront costs, but many do not realise there's actually a way around this.

Of all investments, business management systems are the ones that should have long lasting value and pay for themselves through improved efficiencies and reduced costs. With interest rates at an all-time low, there has never been a better time to invest in something as critically important to your organisation as business software.

We have come up with a comprehensive list of reasons why financing your ERP software purchase could be the best business decision you ever make.

1. MINIMUM IMPACT ON YOUR BUSINESS CASH FLOWS

You get a full GST input credit on the entire purchase value in your next BAS, which has a very positive impact on cash flow.

2. MAXIMUM IMPACT ON YOUR TAX POSITION

Most of what you will purchase can be written off very quickly or depreciated over a short period of time. Financing your new software allows you to take full advantage of the tax benefits without the need to actually spend the money first.

3. MATCHING COST WITH BENEFITS

Financing allows you to better match the cash flow impact of purchasing the software and the benefits it will produce. E.g. Finance offers a true "pay as you go" solution, balancing costs with benefits.

4. CONSERVES WORKING CAPITAL

By utilising finance, a large upfront reduction to your working capital can be avoided; working capital that can be better employed for good ideas to grow the business.

5. A KNOWN AND FIXED COST

Finance agreements are normally written on a fixed interest rate (currently at historical lows), with repayments being predetermined and fixed for the term of your choosing. This allows for more accurate budget forecasts.

6. NO DIRECTOR GUARANTEES

Finance can often be arranged without the need for Directors Guarantees and up-to-date financials.

7. YOU CAN OWN IT

Depending on the specific software license, a benefit is that in general you own the license to use the software, i.e. you are not renting it on an ongoing basis.

8. IT'S AFFORDABLE

Indicative monthly repayments (as at April 2016), and subject to normal lending criteria for a $30k (incl. GST) package would be:
24 months = 24 x $1,365 per month
36 months = 36 x $945 per month
48 months = 48 x $735 per month
60 months = 60 x $615 per month

THERE ARE COMPANIES OUT THERE WHO CAN HELP

Banks and finance companies will normally finance only recoverable assets (hardware) because their banking charter restricts the financing of non-recoverable assts. If your credit risk is good, they may include some software up to a limited value. However, there are other options out there that allow you to legally finance every single component of your purchase - hardware, software, cabling, implementation, training, subscription contracts (both current and future) and consultancy.

Triumph can assist with an introduction to a finance broker who specialises in IT project financing - just contact us on 1800 659 545 or This email address is being protected from spambots. You need JavaScript enabled to view it.

Note: As with all financial products, always seek the advice of your accountant or financial advisor.