IBM Global Financing Solutions
Financing can help your business stay ahead of the technology curve by providing flexible, cost-effective ways to acquire the technologies you need to maintain your competitive edge, while preserving your capital and credit reserves.
As an IBM Business Partner, Spectrum offers all IBM Global Financing (IGF) programs at rates equal to or superior to those that customers can obtain from IBM directly. Spectrum can supply systems, software, and solutions in a packaged (“wrap”) financing or lease structure using IGF or our own sources.
IBM Global Financing (IGF) offers attractive rates and provides unique benefits, including:
- flexible terms and conditions
- customized payment schedules
- “one-stop” financing for hardware, software, and services
- simplified paperwork
- IGF has specific offerings for financing a variety of IT infrastructure components (including hardware and software)
Your hardware is only as effective as the applications that support it. This is why IGF offers financing for software from IBM, Lotus, Tivoli, and other vendors, including Application Integration Middleware (AIM), Data Management (DM) and other applications.
To learn more about any of the IBM Financing solutions and offerings, please contact your Spectrum representative or visit our Contacts page to send a note to us. In addition, IGF offers a number of promotions which will further help preserve your credit and capital resources.
Leasing vs purchase
More than ever, companies of all sizes are financing their IT infrastructures including hardware, software and services.. With an in depth knowledge of the IT industry Spectrum can provide a solution that is tailored to your individual requirements whether you decide to lease or finance your technology acquisition.
Leasing enables you to take advantage of new technology without being locked into equipment that could become obsolete. Businesses that use leasing, have a flexible, efficient and cost effective financial tool to fund progress.
So what are the advantages of leasing to your business? By choosing to lease through IBM Global Financing: you can:
Match the timing of costs to benefits
Spectrum offerings provide the flexibility needed to tailor payments to your specific cash flow or budgetary requirements, with options such as payment deferrals which is a valuable benefit allowing you to defer payments for equipment until it generates a return. Payment frequency may be monthly, quarterly, semi-annual, annual, in advance or arrears.
Protect against obsolescence
Spectrum offers flexible mid-lease and end-of-lease options making it easier to upgrade your equipment and help ensure you stay abreast of changing technologies, which is fundamental to business success.
Spread lower monthly payments
With IBM Global Financing’s competitive rates and monthly payments, costs can be spread over the lifetime of the lease to balance payments with benefits. In addition where tax benefits flow to us, we pass these on in the form of lower interest rates because we can depreciate the equipment.
Hedge against inflation
Unlike other expenses such as salaries or utilities, lease payments are fixed and do not increase over time. This allows more accurate profit and cash flow planning and protects you against inflation. You can choose a lease term of between two and five years.
Conserve cash
Leasing offers 100% no deposit financing. There are no up-front establishment fees and no down payment requirements. This means you can conserve your working capital for investment in your business, rather than in the infrastructure required to run it. However, should you have surplus cash at some point, the flexibility of leasing may enable you to prepay commitments.
Preserve credit lines
Leasing provides you with an additional source of funding, allowing you to reserve existing credit lines for other investment opportunities.
Obtain off-balance sheet funding
For leases which qualify under approved accounting standards as operating leases, future rentals are not included in the balance sheet as a liability and the leased equipment is not included as an asset. This may increase your borrowing capacity and improve key financial ratios such as debt/equity and return on assets.
Reduce Total Cost of Ownership (TCO)
Leasing helps control the burgeoning cost of technology ownership. For the average client-server system, industry sources estimate that total ownership costs have tripled over the past ten years. Costs contributing to TCO include acquisition, implementation, training, maintenance, change and problem management and asset management.
By negotiating with hardware, software and services providers to package a total offering, leasing and finance can be used to fund a majority of factors that contribute to TCO. Spectrum offers finance for all brands of equipment.
