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Lenovo Financial Services (LFS)* provide a range of Technology LifeCycle Solutions to ensure your organisation has access to the latest technology, packaged in a simple, cost effective offering.
With a Technology LifeCycle Solution from LFS you have the flexibility to finance equipment including the “other” costs normally associated with the deployment of technology. These can include delivery fees, installation costs, managed service fees and software.
Instead of paying out cash for equipment up-front, why not retain this valuable lifeline and use to invest in business growth. It makes sense that if equipment is to deliver additional revenues or a productivity gain, it is paid for as the benefit is derived.
With a LFS solution, payments are fixed and known for the life of the contract allowing you to better manage your expenses. Further, when new equipment is acquired, the cost is spread over the term of the agreement which means the payments in the year of acquisition are only a fraction of the total cost. We can even structure an arrangement that matches payments to your business seasonal cash flows.
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Under a LFS solution, we make it easy for you to stay up to date with the latest technology through our flexible upgrade plan. Staying up to date can not only increase productivity, it is also a great way to enhance staff morale by improving their tools of trade. When you consider that the cost of technology such as IT is generally less than 3% of the salary cost of an average employee, it makes good business sense to equip your staff with the latest technology.
As a specialist asset financier all our systems, processes and documentation have been developed to make it easy for you to acquire and manage your leased assets.
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Our Technology LifeCycle Solutions enable you to acquire the equipment you need in your business today without having to worry about the risks of ownership and end of life costs (including environmental considerations) of disposal. LFS as the owner of the equipment takes on the risk that the equipment may over time become obsolete and our asset managers are experts in redeploying or disposing equipment once you have finished using the assets.
While all customers have differing tax circumstances you may be able to improve your tax position with a LFS solution. Of course you should always seek your own tax advice.
LFS solutions allow you to acquire the equipment you need whilst preserving your traditional and secured funding lines. Typically our security interest is over the equipment contracted with LFS.
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