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Public sector organisations across the UK are striving to improve efficiency, yet are continuously being expected to deliver more with less. With ever increasing pressure on budgets and the ongoing need to reduce levels of expenditure, leasing can provide a vital and flexible solution.
Whether operating within education, healthcare, housing or local government, leasing allows public sector organisations to deliver projects now without the restrictions of annual budgets and by spreading the cost over a period of time.
Leasing can deliver real cost savings as it means organisations do not have to pay full price for an asset that may only be used for a few years. For example, IT equipment can become out of date in just three to four years. With a lease agreement, equipment can be added or upgraded without having to repurchase, so you will always have the most up-to-date hardware and software.
The lease itself can be tailored to suit your specific requirements. Agreements can be over an agreed period, for example two years, and repayments can be made monthly, quarterly or annually, by direct debit or invoice, whichever is most convenient.
Leasing is also an attractive from a budgeting standpoint as switching from outright purchase to a lease agreement changes how assets are accounted for. A unique feature of leasing is that it allows the cost to be allocated to revenue as opposed to a capital budget with obvious benefits for the public sector.
From IT hardware to refuse vehicles, a wide range of equipment and assets can be leased as well as entire projects. Other lease options include furniture, photocopiers, security systems and even maintenance agreements. Plus, there is the added benefit that any combination of equipment and technology can be chosen from multiple suppliers for a single lease agreement.
Some of the most popular equipment leased by public sector organisations include:
For more information on leasing for public sector organisations, download the WestWon Public Sector Solutions Fact Sheet.
Online leasing company WestWon has recently supplied a leading company in the healthcare engineering market with lease finance for a CRM system solution supplied by Bristol software solutions reseller Wizard Systems. The WestWon lease agreement, set to run over 3 years with a monthly lease rental cost of £127.31, has enabled the company to seamlessly expand their current Customer Relationship Management system.
The customer designs and commissions healthcare facilities and also provides related products and services. Wizard Systems is a specialist supplier of CRM software systems such as GoldMine, Sage CRM, NetSuite, Workbooks, Nimble and HEAT. Wizard was able to supply MET with the lease finance the healthcare company required for its new CRM system within just days of contacting IT equipment leasing company WestWon.
Tim Wilmot of Wizard Systems explains, “Looking for software lease finance for a client based across the water seemed to limit our leasing options dramatically. We saw WestWon online at www.WestWon.co.uk and quickly realised that they specialised in the IT leasing sector, and furthermore, could provide IT leasing facilities companies across the water unlike many other mainland UK based leasing companies.
“We were very impressed with the speed of service we received from WestWon, having received a leasing quote within minutes and documentation soon after. The entire process from our initial enquiry to providing signed documents took just 3 days. We now have a dedicated WestWon account manager as well as access to the WestWon Partner Portal to enable us to provide a rapid lease.
WestWon CEO Jeremy Hall commented, “We have invested extensively in the WestWon Finance Partner Programme and those resellers and suppliers who are part of the scheme are delighted with the flexibility they gain from it. IT and software lease finance is often the ideal solution both for resellers and for their clients, who wish to avoid technology obsolescence and spread payment for their investments over the useful life of the equipment they acquire,
WestWon is a leading UK asset finance company that specialises in equipment leasing for all types of companies in the UK, both large and small. Using the latest technology, WestWon assists organisations to fund capital equipment purchases along with IT requirements and office fit outs in a tax-efficient way that maximises cash flow, by offering quick quotes and fast finance at competitive rates.
For more information see www.WestWon.co.uk or Tel: 01494 611 456 Email Boris@WestWon.co.uk
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