Business Connexion, South Africa's leading provider of managed services, has introduced asset financing to round out its stable of information and communications technology (ICT) solutions.
Asset financing provides Business Connexion's clients the benefit of structuring their ICT investments as operational rather than capital expenditure.
Furthermore, as a specialist in this discipline, Business Connexion allows clients to take account of the unique parameters of technology finance, such as providing for upgrades in a rapidly evolving environment.
Andy Tompkins, Business Connexion's group executive: Asset Finance, notes that the company's clients are seeking more complete solutions from service providers. "Clients are looking for optimal performance from their technology investments. The manner in which they pay for these services can play an essential role in ensuring the most advantageous investment structure. With this service we are able to match technology performance with financially beneficial pricing models."
Tompkins notes that finance from traditional banking institutions is not matched by the knowledge necessary to effectively account for parameters unique to technology purchases. "As assets, ICT solutions can have a rapid depreciation cycle or may require frequent upgrades and enhancements. With the finance solution Business Connexion is bringing to market, we are combining proven ICT expertise with financial acumen," he says.
"With are placing an emphasis on flexibility and transparency in our contract terms. As an extension of our proven capability to provide technology, asset financing will help create better performance on the balance sheet," he concludes.
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