Financing as a Sales Tool: Helping ERP Vendors Close Deals

Financing as an ERP Sales Tool
Financing as an ERP Sales Tool

Financing as a Sales Tool: Helping ERP Vendors Close Deals

Selling ERP software isn’t just about the tech. It’s about helping your customers make a big investment in their business. And let’s be honest, a lot of buyers get stuck on the cost. Not just the software itself, but also the implementation and training costs that come with it. That’s where financing can make a big difference.

Whether you’re offering financing for Sage / SageIntacct financing, Odoo financing, NetSuite financing, Acumatica financing, Oracle ERP  or SAP ERP financing, it can make the difference between “yes” or “no”.

Make the ERP Investment Feel Manageable

An ERP project can easily hit six figures once you include software, implementation and training. Presenting that as one big upfront payment can scare buyers off. Instead, show them a monthly payment that covers everything. Suddenly, the project feels achievable, and price objections melt away.

Keep Your ERP Deals Moving

Many deals slow down because customers need time to find the budget or get approval. Offering financing upfront removes that hurdle. They can move forward now, get the system implemented quickly, and start seeing value sooner.

Stand Out from Competitors

When buyers are comparing ERP options, the software that feels easiest to buy often wins. Bundling financing with the full project costs (software, implementation, training and third-party vendors), makes adoption feel seamless and affordable. That’s a big advantage over competitors who don’t offer the same flexibility.

Make the Complete ERP Package Affordable

When monthly payments are manageable, customers are more willing to select the modules, features, and training programs they actually need, instead of cutting scope to save money. That means bigger deals for you and better results for them.

Build Long-Term Relationships

 Financing isn’t just about closing a single deal. It’s about supporting your customers’ growth. When you help them manage the full cost of their ERP project, you become more than a vendor. You become a trusted partner.

Why It Matters

Financing isn’t just an afterthought. It’s a powerful sales tool. When you position it early and make it part of the conversation, you make it easier for customers to say “yes” to the full ERP solution. Faster sales, bigger deals, and stronger customer relationships. It really is that straightforward.

📞 Want to explore your ERP financing options?
Contact Dimension Funding to learn how we can help you fund your ERP project.

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Unlock the Power of Modern Legal Technology By Financing Legal Software

Legal Technology Financing
Legal Technology Financing

Unlock the Power of Modern Legal Technology By Financing Legal Software

At the heart of an efficient law firm lies robust legal software, especially legal case management software. But for many firms, the upfront cost can feel like a roadblock. That’s where financing comes in, offering a pathway to unlocking powerful technology without draining your capital.

Why Financing Legal Software Is The Smart Move

Here’s why financing your legal software, including implementation and training costs, is a smart move for your firm:

  1. Preserve Your Capital for What Matters Most: Investing in new software can be a significant expense, particularly the costs of implementation and training. Financing allows you to spread that cost over time, freeing up your firm’s cash flow for other operational needs, such as marketing initiatives, hiring top talent, or managing unexpected expenses. It’s about smart resource allocation, ensuring your firm remains agile and financially healthy.
  2. Access Cutting-Edge Technology, Sooner: The legal tech world is constantly evolving. Financing enables your firm to adopt the latest software technology solutions without delay. This means you can leverage advanced features like AI-powered analytics, automated document generation, and sophisticated time tracking right away, giving you a competitive edge and ensuring your firm isn’t left behind.
  3. Boost Efficiency and Productivity from Day One: Legal case management software is designed to streamline nearly every aspect of your practice, from client intake and document management to billing and calendaring. By financing this software, you can implement it immediately and start seeing the benefits of increased efficiency, reduced administrative burden, and improved organization. This translates directly into more billable hours and a more productive team.
  4. Improve Client Satisfaction and Communication: Modern legal software often includes client portals and communication tools that enhance transparency and responsiveness. Financing allows you to invest in these features, leading to clients who feel more informed and engaged. This can foster stronger client relationships and even lead to more referrals.
  5. Realize a Strong Return on Investment (ROI): While there’s an initial cost to software, the long-term benefits typically far outweigh the costs. Legal software can lead to significant cost savings by reducing manual errors, automating repetitive tasks, and improving billing and collection processes. These tangible benefits can lead to a stronger ROI, making financing a worthwhile investment in your firm’s profitability.
  6. Scale Your Practice with Confidence: As your firm grows, your needs will evolve. Cloud-based legal software, often accessed through a financed subscription, offers scalability, allowing you to easily add users, manage more cases, and adapt to increasing demands without major infrastructural overhauls. Financing supports this growth by making new technology accessible as you expand.

Conclusion

Financing legal software isn’t just about affording a purchase; it’s about making an investment in your law firm’s future. It empowers you to embrace innovation, optimize operations, and ultimately, build a more efficient, profitable, and client-centric practice. Don’t let upfront costs deter you from unlocking the power of modern legal technology.

Financing from companies, such as Dimension, can turn a large, upfront legal software purchase into monthly payments for up to 60 months. The financing can include the implementation and training costs including third-party consultants.

📞 Want to explore your Legal Software financing options?
Contact Dimension Funding to learn how we can help you fund your legal technology project.

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ERP Financing Trends in 2025

ERP Financing Trends in 2025
ERP Financing Trends in 2025

ERP Financing Trends in 2025

As ERP systems become the backbone of digital transformation, how companies finance ERP software is changing just as rapidly. In 2025, businesses are prioritizing flexibility, speed, and strategic ROI in their ERP investments. Whether you’re considering Sage / SageIntacct financing, Odoo financing, NetSuite financing, Acumatica financing, Oracle ERP financing or SAP ERP financing, here’s what to expect in the year ahead.

Subscription-Based SaaS Financing

With more ERP providers moving to SaaS, monthly or annual subscription financing is the new norm. This allows businesses to avoid large upfront costs and aligns payments with usage and cash flow.

Bundled ERP Financing Projects Are Gaining Popularity

Businesses are increasingly looking to finance the full ERP project, including software, implementation, training, and integration costs. Lenders and ERP partners are responding by offering bundled financing solutions under one monthly payment.

ERP implementation and training costs are often more expensive than the ERP subscription and can impact whether a company can afford an ERP system. Bundling the entire ERP project and turning the cost into monthly payments can allow smaller and mid-sized businesses to implement ERP systems without impacting their cash flow.

Financing Companies Join the ERP Market

Financing companies such as Dimension Funding are disrupting traditional lending with fast, tech-driven ERP financing options. Expect quicker approvals, flexible terms, and more competitive rates than legacy banks.

Increased Focus on ROI-Based Structuring

Lenders and companies are working closely to structure ERP financing terms around expected ROI. This helps justify the investment internally and ensures payments track closely with realized value.

Conclusion

As ERP systems move to SaaS, the way we pay for them must keep pace. Whatever ERP system you are implementing, the key in 2025 is flexible, scalable ERP financing that supports growth without disrupting cash flow.

📞 Want to explore your ERP financing options?
Contact Dimension Funding to learn how we can help you fund your ERP project.

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Costs of Implementing an ERP System

Costs of ERP Implementation
Costs of ERP Implementation

Costs of Implementing an ERP System

What to Expect When Implementing an ERP System

Enterprise Resource Planning (ERP) systems are powerful tools that streamline business operations by integrating various functions like finance, inventory, and human resources into one cohesive platform. While the benefits of an ERP system are undeniable, it’s important for businesses to consider the costs involved in implementing one.

  1. Software Costs: The most obvious expense is the software itself. ERP solutions vary greatly depending on the complexity and the size of your business. Prices can range from a few thousand dollars for basic systems to hundreds of thousands for large-scale, enterprise-level solutions.
  2. Customization and Integration: Most businesses need some level of customization to tailor the ERP system to their unique needs. This can include integrating the system with existing software tools, databases, or third-party applications. Customization and integration costs can add up quickly, depending on the complexity of your business operations.
  3. Training: Employees need to be trained to use the new ERP system efficiently. Training costs can be substantial, particularly for large teams or complex systems. Factor in both the cost of training materials and the time spent away from regular duties to learn the system.
  4. Implementation and Consulting Fees: ERP implementation often requires external consultants or specialists to ensure the system is set up properly and the business processes are aligned. These fees can range from a few thousand to tens of thousands of dollars depending on the project scope.
  5. Ongoing Maintenance and Support: Once the ERP system is up and running, ongoing support and maintenance are necessary to keep the system updated, secure, and functioning smoothly. Many ERP vendors charge a recurring annual fee for this service.
  6. Hidden Costs: It’s easy to overlook hidden costs such as data migration, system downtime during implementation, and potential disruptions to daily operations. These indirect costs can affect productivity and should be accounted for in your budget.

While ERP systems offer long-term benefits in terms of efficiency and scalability, their initial implementation costs can be significant. It’s crucial to carefully plan and budget for both the direct and indirect expenses to ensure a successful deployment.

Financing for ERP System Implementation

Given the large upfront costs of purchasing and implementing ERP systems, financing could be appropriate. Both the software and the implementation costs can be financed for up to 60 months turning the upfront costs into fixed, monthly payments.

Contact Dimension Funding for more information.

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The High Cost of Implementing an ERP System and How Financing Can Help

The High Cost of Implementing an ERP System and How Financing Can Help

Implementing an Enterprise Resource Planning (ERP) system, such as SageIntacct, NetSuite or ODOO, can be a game-changer for businesses looking to streamline operations and enhance efficiency. However, the cost of implementing an ERP system can be substantial, often running into tens or even hundreds of thousands of dollars. This investment includes not only the software and hardware but also costs for customization, training, and ongoing support.

For many businesses, especially small and mid-sized enterprises, these upfront costs can be a major barrier to adopting an ERP system. Fortunately, there are financing options available that can help spread the expense over time. With financing plans offering terms of up to 60 months, companies can manage the financial strain of implementation by paying in affordable monthly installments.

By securing financing for ERP implementation, businesses can balance their budget while still gaining access to the powerful tools that drive long-term growth and efficiency. Whether through loans, leases, or vendor-financed programs, breaking down the cost into manageable payments ensures that the benefits of an ERP system are accessible without compromising cash flow.

With the right financing plan, companies can embark on their ERP journey without the burden of upfront costs, making it easier to stay competitive and position themselves for success.

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Hidden Costs of Not Financing your Legal Practice Management Software

legal practice management software financing
legal practice management software financing

Hidden Costs of Not Financing your Legal Practice Management Software

In today’s competitive legal landscape, investing in legal practice management software is no longer a luxury—it’s a necessity. From streamlining operations to improving client service, the benefits are undeniable. However, many law firms hesitate due to the upfront costs associated with acquiring such software, including hefty subscription fees, implementation, and training expenses.

The true cost of forgoing financing for legal practice management software often goes beyond just these immediate expenditures. By choosing not to finance, firms may feel the financial strain of large one-time payments, disrupting cash flow and hindering other investments. But what if you could spread out those costs into manageable monthly payments?

Benefits of Financing your Law Firm's Practice Management Software

Financing your law firm’s legal practice management software allows you to break down the substantial upfront costs into predictable monthly payments, aligning with your firm’s budget and cash flow. Instead of facing the burden of paying large sums all at once for both the subscription and necessary implementation and training, financing allows you to pay over time. This not only makes the software more affordable but also ensures your firm has the resources it needs for other important areas of the business.

Moreover, financing gives your firm the flexibility to access premium software features that might otherwise be out of reach due to cost barriers. With a tailored financing plan, you can focus on the long-term benefits of improved operations without sacrificing your financial stability in the short term.

In conclusion, while the upfront costs of legal practice management software may seem daunting, financing can turn this challenge into an opportunity. By spreading the payments over time, law firms can access top-tier technology without the financial strain of large initial investments, making the software a smart, sustainable choice for growing practices.

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4 Improvements That Will Modernize the HR Software Industry

HR Software Innovations
HR Software Innovations

4 Improvements That Will Modernize the HR Software Industry

Companies from all walks of life and every corner of the globe are starting to realize the fact that the people who work for them are their most important asset. Workplace behavior specialists like Simon Sinek have been advocating labor force optimization for years and the fruits of their labor are starting to finally get realized.

With companies pouring money and resources into their Human Resource departments, the demand for specialized software has skyrocketed. As an HR software manufacturer, being cognizant of the changes taking place or the general trajectory is incredibly important if you want to thrive in an increasingly competitive niche.

In this article, we’ll elaborate on 4 ways the industry is changing and their outcomes. Some of these ways might be predictable, others might be newer developments but all of them will inevitably dictate how well you stack up against competitors, in 2021 and beyond.

The Direction the Industry Is Heading In

HR software can basically be divided into core functionality and service-based programs. Core functionality includes recruitment, maintenance, talent management, workforce planning, analytics, etc. An emphasis on service would include training and consulting, support and maintenance, implantation, integration, etc.

It’s important to understand this distinction as we dive into the 4 ways the HR software industry is progressing in 2021:

1. Hiring Optimization

Most people assume that the HR department only deals with managing employee concerns and making sure compliance is regulated. A lot of the specialized software being developed is optimized for these processes alone. However, a hugely important aspect of HR management is hiring new talent.

As most applications for jobs are submitted online either through email or the company website, ATS software has become essential. The incredible expansion companies are doing and the number of new businesses opening will make this importance even more absolute.

ATS software helps categorize applicants according to their information. The software currently available does the job well, but there are definitely improvements that can be made on all fronts.

For one thing, more sophisticated search algorithms should be developed to ensure that no good applicant is filtered out for no reason. Another aspect that companies are interested in improving is the management of filtered applicants with a ranking system or more streamlined categories. This will make the manager’s jobs much easier.

The competition for this particular aspect of HR software is still relatively low so specializing here and making intuitive upgrades could prove to be a game-changer over the course of the next few years.

2. Artificial Intelligence

No list on the future of any industry would be complete without mentioning Artificial Intelligence in some capacity. Some fear it, some revere it, but everyone agrees that AI will undoubtedly help push humankind into the future. And this includes the HR department of course.

The potential of AI assisting in the various aspects of Human Resource management is very promising, especially in the recruitment process. This ties into our previous point of specialized software integrated with AI helping managers make better hiring decisions. The machine could analyze applicants and check their qualifications and past experiences to give a ranking order for example.

Another big advantage of AI that experts stand by is its ability to streamline redundant, time-intensive tasks. These tasks might involve surveys or questionnaires and having to pour over hundreds of them might not be possible for several people let alone one.

Advanced AI systems could, in theory, analyze the documents efficiently and discard the empty ones. Or maybe it could search for certain keywords like “unsatisfactory” or “disappointed” to pinpoint the most pressing problems.

Obviously, the technology isn’t good enough at this point in time to make 100% foolproof decisions. We’re still several years away from that being a reality. But the advancements taking place are certainly promising and implementing AI will for sure be a huge advantage if not a necessity in the future.

3. Specialized Training

One advancement that isn’t necessarily software-based is the specialized training that is required to run these advanced systems. This is a neglected aspect of the industry at this point.

If you compare the HR software industry to something like the manufacturing industry, a big difference is the fact that many of the companies making the machines have specialized training programs for their customers to take full advantage of their products.

As HR software continues to advance, the need for specialized training will rise with it. This could range anywhere from simple video tutorials to full weekend-long workshops to teach managers and their teams how to utilize the software to its full potential.

This will slowly become an industry standard and not including it along with your bundled software would be a big disadvantage. Many companies have started working on their training curriculum and their competitors in the niche should look into taking the next step themselves.

4. Confidentiality

Data confidentiality is incredibly important. As more and more data privacy laws are enacted, the calls for companies to respect their employee’s information are loud and will continue to grow louder.

The HR department is unique in the sense that it has tabs on every worker in the company. This simply comes with the territory and having to keep track of this information is a part of the department’s job. Sensitive information like their health problems, contact details, addresses, social security numbers, etc. are all regulated within HR software.

The responsibility of the people making the software has therefore increased too. Better encryption, more secure servers, more transparent terms are going to become industry standards very quickly. Other features that many companies have begun offering include secure file storage solutions, CSRF protection, automatic data backups, cryptographic password protection, and much more.

These features give the HR managers confidence in your service and make it easy for them to guarantee that their employee’s data, and welfare, is in good hands.

Financing for HR Software Solutions

There are many other trends that are revolutionizing the HR software industry but the ones we’ve mentioned above are the most relevant and the most influential. Understanding this importance will enable you to add them to your service or update their usefulness for everyone involved. The future of your business could quite literally depend on it.

Many HR Solutions can have expensive upfront costs including the software, implementation and training. Dimension offers financing to turn the entire HR Solution project into monthly payments over the term of the subscription.  HR software financing is a great way of making a large HR Software project affordable. 

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Finance Software Training & Implementation Costs

Financing for Software Implementation & Training Costs
Financing for Software Implementation & Training Costs

Finance Software Training & Implementation Costs

Computer software has become an essential part of a modern business’s arsenal of tools. The increase in efficiency and the ability to implement new techniques is game-changing for almost everyone.

While many consumer-grade software packages are very affordable, professional corporate-grade software has a much steeper cost of entry. The costs don’t necessarily stop when you buy the software either.

In this article, we’ll go over why investing in high-quality software is a good plan of action, some hidden costs that you may not have considered, and how financing enterprise software through companies like Dimension Funding is a solution for all of this.

Benefits of Enterprise Software

Software is a very vague term as there are so many different types and permutations but for the most part, most businesses will use some form of specialized software, like Enterprise Resource Planning (ERP) or CRMs.

The benefits that you open yourself up to by choosing software like ERP, CRM or most types of enterprise software are immense:

  • Potentially reduced costs as software can effectively replace or support many different operations
  • Improved reporting and planning capabilities
  • Macro visibility (inventory management, schedules, etc.)
  • Improved efficiency
  • Data security
  • Easier departmental collaboration capabilities
  • Modular Scalability (software dependent)

Again, more specialized software created for a specific type of work will have even more to offer but these are general improvements almost anyone will see by implementing software into their workflow.

The Hidden Costs of Purchasing Enterprise Software

Now that we’ve had a brief overview of the benefits software can provide, let’s get into the associated costs. This will be software-dependent but for the most part, you will have to financially account for:

  1. Software acquisition costs
  2. Software implementation costs
  3. Software training costs
  4. Software maintenance costs
  5. Hardware costs
  6. Software Renewals

Let’s look at these in a little more detail:

1. Software Acquisition Costs

When we talk about acquiring software, many are annual subscriptions. Many software companies use this model to price their services and chances are that the software you’re looking for will require you to pay them a certain amount on an annual basis.

2. Software Implementation Costs

Advanced software is complex and difficult to set up so hiring a consulting firm to implement it on your company’s computers and devices is very important. Smooth implementation at the start will save you from a myriad of problems and headaches in the future.

3. Software Training Costs

When the software is set up, your staff will have to undergo training to get the most out of it. This is usually provided by the software makers themselves, but third-party trainers and weekend training camps are always an option you can rely on.

4. Software Maintenance Costs

Unlike other services or products, computer software is incredibly technical and needs constant updates and maintenance to run smoothly. There are bound to be, so companies need to ensure that they have the contacts to troubleshoot issues quickly.

5. Computer Hardware Costs

Some software might require special computers or peripherals to run efficiently. This can be a very steep cost as cutting-edge technology is not cheap, and depending on how current your devices are, your entire ecosystem might need to be replaced. For enterprise software, additional servers may be required.

6. Enterprise Software Renewals

You can also finance Enterprise Software Renewals , including implementation, training and hardware costs. You can turn the entire software renewal cost, including implementation, training and hardware, into fixed monthly payments. 

The Private Financing Solution for Software, Implementation, Training and Hardware

Private financing offers a solution to all this. Third-party vendors like Dimension Funding will help you finance your entire software subscription (or purchase if it’s a bespoke option) with easily manageable fixed monthly installments.

But what makes this a great option for businesses is the fact that you can easily finance all associated costs even after the beginning of your software subscription. Flexible financing allows you to continually add software-related costs to your principal as and when you need it up to the term of the subscription.

This is very helpful for several reasons chief amongst which is the peace of mind you have knowing that there won’t be any unpleasant surprises or costs waiting for you down the line. This helps you manage your finances better and can improve your business’s overall cash flow.

Some other advantages of privately financing software through Dimension Funding include but are not limited to:

  • Up to $500k in software financing with no financial documents required. (Over $500k does require financial documents.)
  • Hardware like computers, peripherals, servers, etc. can be included in your financing.
  • Annual subscriptions get turned into easy-to-pay and manageable fixed monthly installments.
  • Helps free up working capital for you to invest elsewhere.
  • Eligible on a wide range of software ranging from Microsoft to professional EHR, ERP, and CRM systems, HR and Accounting software, medical and EHR / EMR software and almost any type of subscription software.
  • Easy online application process with a quick turnaround time.

If you’re a third-party vendor selling software to customers, then all these benefits still apply. You’ll be able to offer them all these guarantees worry-free, and all the associated costs your clients face will be easily managed.

Making smart investments and getting positive ROIs on them is key for long-term business growth in all industries. Investing in high-quality software has the potential for incredible results, and with smart financing, you won’t have to spend an arm and a leg to get them either.

If you’re interested in learning more about financing your company’s software through a third-party vendor or if you’re a vendor wanting to offer financing to your clients for all the reasons we’ve outlined and more, be sure to contact Dimension Funding to get a head start on your approval process.

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How Private Financing Is Revolutionizing Equipment & Software Purchasing

Equipment & Software Financing
Equipment & Software Financing

How Private Financing Is Revolutionizing Equipment & Software Purchasing

As we enter the second decade of the twenty-first century, our technology and machinery have progressed with an unprecedented degree of innovation. The capabilities and possibilities enabled by these innovations are quite literally endless. Almost all major businesses in the world utilize technology in one way or another and the demand for specialized equipment like robots and software is at an all-time high.

While the presence of this demand and interest is a good thing, the cost of admission continues to be a problem for both equipment purchasing partners and companies alike. There are workarounds to the problem, mainly bank loans and leasing, that lessen the burden but it’s not necessarily the best solution. But thankfully, there is another option that many purchasers are taking advantage of that you might not have considered.

In this article, we’ll tell you why privately financing your next equipment or software purchase through a third-party vendor could be the best overall choice for you and your business.

The Costs of Equipment Purchasing

You’ve probably understood already that equipment and software aren’t cheap. Especially the more specialized examples. This varies according to the equipment type and function of course but for the most part, it’s a serious financial decision to make. And also, a potentially beneficial one. The benefits of upgrading your equipment or using new production processes are huge and would require an entirely separate article to go in-depth into. The short version of all the benefits you gain access to include:

  • More productive capacity
  • Better pricing structures
  • Improved worker safety
  • More consistent work output
  • Higher quality work output
  • Potential to reach more customers
  • Ability to expand operations in more than one location

 

Bank Financing of Equipment & Software

Now let’s move onto financing your purchase through a bank. We’ll assume that you’re buying instead of renting the equipment or software in question. Renting isn’t a bad option by any means but as the instances of its usefulness are niche in nature, we’ll stick to the more orthodox approach of buying equipment outright.

Bank loans are the conventionally popular choice and there are certainly advantages to this approach. For one thing, banks can loan a very large amount of money if required. For another, if you already have a good relationship with your bank and have been in business for a considerable amount of time, then acquiring the loan will be much easier.

Bank loans have problems that many people don’t think about before making this important decision, however. Here are some of them in a little more detail:

  • Getting the Loan Itself. As we’ve already mentioned, getting a loan as an established business is easy but getting one as a new startup is almost impossible. Banks will very rarely trust newcomers with a huge amount of capital without a proven track record and it’s a classic catch 22. This is a big reason why bank loans are an inefficient choice for small business owners.
  • Assets Taken As Security. Another procedure in the loan approval process is agreeing to let the bank use assets of yours as security. The bank does this to ensure it doesn’t suffer a loss in case you don’t end up paying it back. Whatever the reason, it lessens your standing and negatively affects your company’s equity.
  • Only Equipment Is Financed. One thing buyers tend to forget is that there are many hidden costs associated with buying a piece of equipment or software. Delivery, setup, maintenance, training, troubleshooting, etc. All these processes come at a price and the bank will not assist you in handling them.
  • Uncertain Monthly Payments. Banks operate based on interest rates which fluctuate and change with the economic health of the country. Because of this, monthly payments are very rarely steady and can vary on a month-to-month basis. This makes financial planning a challenge and can hinder your yearly budgeting and profit forecasting.
  • Long Application Process. This might seem like a nitpick, but it’s an inconvenience, to say the least. Banks have very long application procedures and the waiting periods between appointments and approvals can either be a couple of weeks or a couple of months. Besides being a waste of your valuable time, it’s not a good option for people looking for a quick solution to a problem. So, unless you’re prepared to wait a while for your equipment purchase, bank loans might not be your best bet.

The Private Vendor Financing Solution

On the opposite end of the spectrum, private financing offers a much easier and more efficient purchasing opportunity for both small and large businesses alike. Companies like Dimension Funding are leading the charge in providing an easy, safe, and economically viable option for vendors and private customers alike.

The main advantages of private financing include:

  • Fixed Monthly Payments. Unlike banks that put you at the mercy of fluctuating interest rates, private financing lets you choose a low monthly payment for up to 60 months. This helps you plan out your finances better and keeps surprises at bay. You know exactly how much you’re paying each and every month. This amount is agreed upon during the sign-up process.
  • Up to $250k Without Financial Documents. You can finance equipment worth up to $250k through an “application only” option. This is in stark contrast to banks that have lengthy application processes as well as hefty documentation requirements. If the equipment you’re looking to finance is more than $250k then you just have to provide your financial statements.
  • Finance 100% of the Costs. As we’ve already mentioned, banks only finance the equipment itself. On the other hand, private financing companies like Dimension Funding finance everything for you. This includes all associated costs like maintenance, delivery, setup, etc. You don’t have to worry about unexpected expenses arising as everything is taken care of and included in your principal.

Because of these reasons, private financing has helped thousands of businesses and individuals finance their equipment and software upgrades quickly and easily. We hope this article helped explain the reasons behind this rise in popularity and gave you ideas for your own business and workflow.

If you’re interested in financing your equipment or software purchase through a third-party vendor, be sure to contact Dimension Funding. You’re only an online application and a quick approval process away from getting a time-tested, hassle-free, and convenient financing option for your next equipment upgrade.

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Vendor Financing Programs: Why There’s No Better Time Than Now

Vendor Partner Program is your Road to Success
Vendor Partner Program is your Road to Success

Vendor Financing Programs: Why There’s No Better Time Than Now

Vendor financing is an important marketing and sales tool available to equipment manufacturers, dealers, and distributors. Even when the economy was doing well, a significant number of equipment buyers were opting for purchases financed by the equipment vendor.

Now that the economy has been in an economic slowdown and cash liquidity is a major area of concern for most companies, equipment & software financing is in greater demand. This is especially true for small and medium-sized organizations that need the equipment or software now, but don’t have enough in cash reserves to fund the entire purchase upfront.

From a vendor’s perspective, the ability to finance a purchase is an important one, especially if their competitors can and they can’t.

Why?

Because businesses that are unable to make a purchase outright would have no choice but to go elsewhere to a vendor who can work with their current financial situation.

The issue is that for many small or medium-sized vendors, they simply don’t have the financial resources to compete with large manufacturers/vendors with captive financing capabilities and successful vendor financing programs of their own.

Vendor Financing Programs Are a Win-Win

For equipment buyers, a vendor financing program gives them the flexibility to make installment payments (typically on a monthly basis), so they don’t deplete their working capital. Often times, there’s also the option of leasing, if need be, against an outright purchase of the equipment.

For the vendor, equipment financing enables a long-term relationship building exercise with the customer, leading to an increase in customer loyalty, repeat purchases, cross-selling, and technology enhancements as and when required. This translates into more business and additional revenue.

Selecting the Right Vendor Finance Partner

While the need for vendor financing can’t be underestimated, the real challenge for many vendors lies in their ability to set up an equipment or software financing program on their own. Most small and medium-sized vendors simply don’t have the requisite finance – or infrastructure – to manage and run a financing program on their own. They also lack the knowledge and experience. As such, finding a suitable finance partner is paramount to success.

A good finance partner will have access to capital, as well as the requisite expertise to successfully manage an equipment and software financing program. In addition, the selected partner should have a proven track record of vendor financing in the specific industry in which the vendor is operating, as industry-specific knowledge and experience is critical to the successful implementation of such vendor financing programs. The financing partner should also have a large capital base to be able to provide long-term solutions and stability to relationships both with the vendors and their end customers.

Once a vendor has selected a financing partner, the end-goal should be to build a long-term and sustainable relationship with a single financing partner instead of exploring multiple different options.

Get Assistance with Setting Up a Vendor Finance Program

To have a more detailed discussion on this subject and understand all the benefits of setting up a vendor financing program for your customers, contact us today at 800-755-0585.

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