Press
information issued on behalf of:
Live Software Solutions Ltd
The Old Forge
Hatfield Park
HATFIELD
AL5 9NB
Web: www.lss.co.uk
30th January 2009
Live Software Solutions offers credit help to customers
Organisations that need software written specifically for their
business operations but are fearful of being able to fund this work in
the current economic climate are being given an attractive alternative
way of financing the work.
Software developer Live Software Solutions (LSS), a Microsoft Gold
Certified Partner which develops and delivers software for, among
others, the insurance and publishing sectors, is offering to get
Microsoft to fund the development through the Microsoft Financing
Scheme (MFS).
James Boother, LSS’s managing director, explained: "As long as the
client passes a financial credit check - and wants to use Microsoft
software, at least as part of the solution - then Microsoft will
finance the development and the client has between 24 and 60 months to
repay Microsoft.
"Some of our clients are finding that this is particularly helpful
during the current credit crunch when traditional means of gaining
credit - via the banks, for example - is proving difficult."
Access to the MFS, which aims to make it easier for a business to buy
Microsoft products, is only available via Microsoft’s certified
partners - which include LSS.
"Unlike traditional financing, Microsoft Financing will finance 100 per
cent of eligible Microsoft, third-party and ISV software, partner
services, and hardware, with no hidden costs," Boother continued.
"For our clients, Microsoft Financing provides simple, easy and
affordable financing to help them acquire Microsoft licenses and IT
solutions. For organisations that already license software from
Microsoft, financing options are convenient and allow them to spread
the costs of the software over an extended time period, thus preserving
their precious cash resources.
"The benefit for us, as developers, is that it guarantees us funds and
so we can concentrate on producing exactly the software that our client
wants and needs," he said.
End
Notes for Editors
About the Microsoft Financing Scheme
Microsoft Financing finances Microsoft software, services (maintenance
and upgrades, technical support, training and implementation) and
hardware. Installation and implementation services required to get the
solution up and running and other hardware required to implement the
solution can also be financed. Subsequent software additions and
services satisfying these criteria may be added to an existing
financing agreement - with credit approval.
Any commercial business that licenses Microsoft software as part of its
IT investment can qualify for financing. The minimum transaction size
is £1,000 (excluding VAT) and financing terms are anywhere from 24 to
60 months, depending on the financing programme.
A customer can pay for an IT solution over time rather than on
delivery. With terms of between 24 and 60 months from Microsoft
Financing, this can maximise a customer's IT budget, leaving capital
free for use in other areas. It allows the customer to predict
accurately core IT costs as the rentals are on a fixed and regular
basis. As Microsoft Financing's Finance Lease rentals are a revenue
item, they are usually 100% tax deductible which helps the customer
reduce tax liability and increase profits and cashflow.
There is also a potential customer advantage in that, with a lease
structure, the VAT is payable within the monthly payments whereas, with
a loan, the VAT is payable, in full, on the first installment.
When the final repayment has been received, the customer has a number
of options dependent on the legal treatment within their jurisdiction.
If the deal is a combination of Hardware and Software then a peppercorn
rental of £100 to be paid annually to the Lessor
If the deal is only software then the customer pays a one off payment
of £100 and the Lessor transfers the licence rights to the Lessee in
perpetuity
There is no pre-established maximum or credit limit, nor is there
generally any requirement for deposit payments. Customers can apply for
any amount necessary to finance the entire solution as long as it
exceeds the minimum transaction size. Microsoft Financing, or its
service provider, has sole discretion in granting credit. If a customer
is delayed in making a payment, they will be charged a late fee.
Microsoft Financing and its service provider will take the appropriate
legal action in cases of customer default. A default results in the
customer holding an invalid license for Microsoft products.
Microsoft Financing will finance non-Microsoft products as long as
Microsoft software is part of the solution.
About Live Software Solutions
Live Software Solutions (LSS) makes software that creates a difference.
Focusing on helping businesses that use Microsoft technologies, LSS -
founded in 2004 - uses its business and software expertise to provide
end-to-end solutions, from concept to implementation. In addition to
software development services and consultancy, LSS also provides
off-the-shelf packages. LLS's approach is based on four core values:
Service Excellence - achieving client confidence by truly
understanding the business drivers and the project requirements,
delivering the agreed solution to plan, managing issues and
communicating clearly and regularly - while being easy to do business
with and enjoyable to work with.
Integrity - applying professional and technical expertise to ensure
the right solution for the right reasons, as well as being open,
honest and fair in all of our dealings.
Teamwork - deploying the right blend of talent and experience to get
the job done, and integrating effectively with client and third party
personnel and activities.
Development - continually seeking to enhance our own capabilities and
processes, enabling us to remain innovative and challenging - and
sharing this with our clients.
Further information from:
Tom Boother, LSS, 07967 633102;
tboother@lss.co.uk
Bob Little, Bob Little Press & PR, 01727 860405;
bob.little@boblittlepr.com
