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Live Software Solutions offers credit help to customers

02-02-2009 02:47 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Live Software Solutions

/ PR Agency: Bob Little Press & PR
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
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.
1. If the deal is a combination of Hardware and Software then a peppercorn rental of £100 to be paid annually to the Lessor
2. 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.

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.

Live Software Solutions Ltd
The Old Forge
Hatfield Park
HATFIELD
AL5 9NB
UK
Tel: 00 44 (0)1707 267933; Web: www.lss.co.uk
Contact: Tom Boother, LSS, 00 44 (0)1707 267933 and 00 44 (0)7967 633102; tboother@lss.co.uk

PR contact: Bob Little, Bob Little Press & PR, 23 Sherwood Avenue, St Albans, Herts, Al4 9QJ,UK Tel 00 44 (0) 1727 860405; bob.little@boblittlepr.com

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