Funding investments in cloud and subscription based services
DTE has announced that it is partnering with Syscap, the UK’s leading independent finance provider for IT, to enable customers to access more flexible payment options. The commercial agreement highlights a boom in the UK IT sector’s use of financing to fund new assets and services and achieve growth. Service funding is a key focus for Syscap which aims to help IT providers to deliver simple to buy, on-premise and cloud IT solutions with a single finance agreement.
Philip White, Managing Director of Syscap, said: “We’ve been helping companies invest in technology for 25 years now but have seen a sharp increase recently in the number of IT providers needing more flexibility as they change their own business model to a subscription base or need to help their customers reinvest in IT to innovate and grow. We allow them to collect cash up front whilst removing the overhead of monthly billing which we take on”.
A recent 10% increase in Syscap’s IT client base follows the re-launch of its IT channel partner programme in April this year and demonstrates that resellers and ISVs are choosing finance to make investments in cloud and subscription based services.
Since February 2015 Syscap has been part of the Wesleyan Group, the financial mutual founded in Birmingham in 1841 that provides specialist financial advice and solutions for doctors, dentists, lawyers and teachers.
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