Companies do not buy software, they purchase a licence to use the software, for a pre-agreed period of time or for perpetual use. Software authors such as Microsoft or Sage only grant us a licence to use their software as they own the source code and intellectual property rights in it. Typically Finance Institutions need to “own” the asset that they then rent out to customers, clearly, they cannot own the software asset as all they are funding is a licence.
At Technology Leasing we pride ourselves on being able to facilitate finance for Software as we understand the value the software brings to your business, and we work with a range of finance companies that are comfortable financing software to end user companies. We make no distinction between branded or bespoke software solutions and can facilitate finance for all forms of software, your lease can also include any training and services costs in one complete tax-efficient agreement.
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