Software finance case study

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When looking to purchase new software for your business, your licencing and payment will likely be amongst your top considerations. With obvious pros and cons to perpetual licencing and subscriptions, it’s important to determine which model will best suit your business’ requirements.

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Whilst some fraud attempts are laughable (like the substantial ‘tax rebate’ you forgot to claim!) others are becoming more sophisticated, and stand a chance of catching even the most IT-savvy businesses out. Once an attack strikes in the workplace, it can take a great deal of time, money and valuable resources to get the issue resolved. Yet whilst businesses are becoming warier of the problem, a significant proportion are still yet to take appropriate action.

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Technology is an increasingly integral part of any business, whether it be the bespoke software that manages your operation or the intrinsic IT hardware employees use day in, day out. The initial outlay for the purchase, however, can be incredibly prohibitive to cash flow- and that’s if the funds are even available in the business in the first place!

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‘Not just another print company’, Altrincham-based County Print have 50 years’ experience in the industry, and have built up a large and dedicated client base. They set out to address a few bottlenecks in their production line, and through a lease agreement with Johnson Reed, they have recently made some IT upgrades, acquiring new hardware and software,

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Celebrating their 35 year anniversary next year, Elle Media Group are a thriving print company/publishing house based in Basildon, Essex. Servicing a wide variety of businesses and Charities alike, they offer a fully comprehensive printing, publishing and fulfilment service all under one roof. Three years ago Elle Media Group were operating with an MIS estimating system bolt-on, which would not be adequate when working in conjunction with their state-of-the-art Heidelberg XL-106 press.

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Spiral Colour were previously using a cloud- based management information system (MIS) that was operating on estimations only. The old system was unreliable, with the team of four estimators losing up to 30 minutes per day in downtime.

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All Cures are one of the nation’s leading retail pharmacies in the UK, owned by the busy Cheema family. Established back in 1981, the chain has a total of 13 branches across Essex and North London. Their online shop was launched in 1999, serving patients of both NHS and private health care.
In the competitive pharmacy industry, accuracy and efficiency are vital, which is why IT infrastructure is so important to business. Through a software leasing agreement and simple paperwork, All Cures were able to get the funding they needed to upgrade and replace their old system.

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Crimestoppers, Spar, Genting Casinos and the University of Cambridge are just a handful of the established brands Focus Integrated has worked with in the UK. Specialising in both digital and offline marketing, the award-winning agency has 15 years’ experience in the field and continues to deliver innovative design and results-driven strategies to their clients.
In order to remain at the forefront of the competitive industry, Focus Integrated recently replaced their 10-year-old system with Synergist software, helping them to track, manage and collaborate on projects with ease. The features available with the software can cover a number of time-consuming tasks; from tedious expense reports to lengthy analytics documentation.

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With email addresses, Dropbox, Google Drives, an overabundance of passwords and endless files to juggle, your IT system at work can understandably seem a little overwhelming. By simplifying and integrating business networks, Staffordshire-based ITP Group aim to replace computing chaos with their entrepreneurial ‘Inner Circles’ software. Sharing files with colleagues, scheduling appointments, managing invoices and recording your billable hours from your desk or on your smart phone are just a few of the useful features it offers.
“Most small businesses are stuck with old IT systems that are struggling to cope with the demands of customers and the needs of the business. Information technology is the engine room of all modern successful businesses.” –ITP Group

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When your business runs from an IT-based system, you need to make sure it remains up-to-date and serving yourself and your customers in the way it needs to. One of the biggest problems with systems of this type is out-of-date software and procedures, causing inefficiencies and reducing your profitability.

That’s why when we were put in touch with a Financial Management company in the North West, who needed help upgrading their software, we knew that we would be able to provide the finance they were looking for. We helped the company gain over £30,000 of finance to help fund the acquisition of software licenses to allow their staff to process finance and debt repayment scheduling applications, where they were unable to before.