Lease to Own - Why Accounting Software Leasing is Such a Smart Move
Many business managers know the benefits to buying ERP software or accounting software for their business no matter how big or small. However, many are often surprised at how expensive it can be, especially when you have the software customized for your company. The installation, the implementation, the training, the maintenance and the customization can add up to several millions of dollars. However, there is another way to integrate your business without dishing out the huge bucks all at once. You can lease.
That’s right- in the same way we lease our cars and in the same way we lease our houses, you can also lease accounting software from major publishers of ERP software.
Why Lease Accounting Software
When you lease small business accounting software, you are not worrying about a big upfront payment but instead are paying for your software over time. Accounting software leasing can be both capital and operating leases depending on what you are looking for and the structure of your business.
When you lease accounting software, you are still obtaining all the licensing but just without the intense upfront costs. Leasing will include everything that owning a system does such as the installation, training, customization and maintenance but instead of worrying about making that big payment every year, the amount is spread out for several years.
Leasing accounting software is also a better way to see the return on investment each year. This is because the money you are spending on it is spread out and thus you can compare as the years go on.
A final reason why accounting software leasing is an important consideration for anyone looking into accounting software is that you are able to pay the same amount throughout your payment terms. Instead of worrying about the price inflation, you are always paying the same rate which will end up benefiting you in the long run.
Can My Company Lease?
Accounting software leasing is usually available if the software cost is greater than $25,000. Many businesses do not want to spend $25,000 up front, just like that, and they shouldn’t have to, especially if they are just starting out. Almost all big name vendors offer financing options including Quick Books, Microsoft, Sage and SAP but you will need to discuss the options with your software vendor when it comes to leasing. Another thing that makes it easy to lease software is if your business has a high credit rating. Of course, all businesses hope that their credit is perfect but often this is not the case. Finally, if you lease hardware, it might be easier to obtain a lease for software as well.
To find out more about the accounting software leasing process and if it is the best move for your business, fill out the form on this page. You will be connected to accounting software lease comparisons and be able to determine the best leasing package for your business.
