While it’s easy to put a $19 a month service like BatchBlue on your credit card, it’s not so easy to spend $5,000 or $35,000 on new hardware and software. While you might want to invest in new technology to handle your growth you might not have the cash flow to support the investment.
In situations like this relying on financing of your technology vendor could help.
For example, today IBM announced that it will commit $1 billion in financing o help credit-qualified small and medium businesses (SMBs) over the next 18 months to take advantage of a new suite of advanced technologies such as analytics and cloud.
IBM will offer simple, flexible lease and loan packages, some starting at as low as 0 percent for 12 months with no money down, allowing them to immediately acquire the IBM technology and services they need to begin to transform their businesses, while managing their cash flow more effectively.
As part of today’s announcement, IBM is also launching a comprehensive set of new solutions, which include workload optimized systems combining hardware and software and services offerings focused on technologies, such as cloud, analytics, collaboration and security, specifically designed to address SMBs key needs. IBM aims to help this segment by making these advanced technologies, once reserved for larger enterprises with large budgets, available to SMBs through IBM Business Partners at an affordable price. These new offerings also introduce technologies from IBM’s recent cloud, analytics and security acquisitions such as Cast Iron, BigFix, SPSS, Netezza and Cognos.
For very small businesses, patching together low cost cloud based solutions can work and work quite well. But for growing businesses (mid size businesses) you might need more robust solutions. Solutions from IBM and other companies come into play.
Before signing a contract get the advice of your accountant and lawyer to ensure YOU are getting the best deal for your money.