Software Leasing may not be at the forefront of many company directors and even IT Managers minds. There are some sensible reasons for them to not be aware and to think like this.
Companies do not buy software, they purchase a licence to use the software, for a pre-agreed period of time or forever. 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 in it. Finance companies need to “own” the asset that they then rent out to customers. Clearly, they cannot own the software asset as all they are buying is a licence.
However, we do lease computer software and have done for nearly thirty years. Working with a range of finance companies that are comfortable financing software to end user companies.
Why Choose WestWon?
We partner alognside 20 different funders that are on board with software leasing
Currently arranged over 770 software leases for over £29 million in value
Our biggest software lease was for £1.585m, the smallest £1,100
The database we use has 958 unique software companies in the UK
Software Leasing case study – Leading infrastructure contractor based in Manchester chose to finance through WestWon as they can facilitate not only software only finance deals, but could also include an element of consultancy, implementation and training costs.
Software supplier finance and software authors financing software
Software Finance and Leasing for your business
For software leasing – If you are a software supplier and wish to finance software to your customers, then we can help. Here at WestWon we already work alongside many software companies that have either written their own software or resell third party software such as Microsoft or Sage. Check out our partner page HERE!
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