Business Assistance:  Business IT Leasing Plan |  Business Consulting Grants (LETAS)

 
Business IT Leasing Overview
 

When it comes to keeping your business system and technology current and preserving your ability to make flexible equipment decisions, leasing your acquisition through Financing is a simpler, smarter way to manage your business IT strategy.

Extracts from IDC findings:

IDC Analyst William Roch reports (April 2005)..."IDC believes that in many situations, technology leasing offers greater operational, strategic, and financial benefits than outright ownership."

Unlike banks and finance companies, which tend to focus on loans, our leasing partner (IBM Global Financing) understands business IT, and offers fresh ideas for financial solutions. And unlike other IT financing providers and business consulting firms, our partner (IBM Global Financing) can finance your entire solution. IBM Global Financing, with offices in more than 40 countries, provides financing for your total solution, including hardware, software and services, from IBM as well as non-IBM products.

Benefits

  • Smarter financial decisions to help you conserve cash, lower your total cost of ownership, and support your overall financial objectives;

  • Solutions customized to your unique business situation;

  • A simpler experience from acquisition through disposition.

  • Partnership across the lifecycle to ensure success across the life cycle of your information technology investments.

  • One-stop solution &  financing: Our close partnership with IBM ensures complete financing services to help you optimize value from your investment in IBM and non-IBM IT.

Leasing turns large upfront costs into affordable monthly payments, while providing unmatched flexibility and protection from technology obsolescence. At the end of the leasing, you have the option of extending your payments on a monthly basis, negotiating a new lease, buying the hardware outright at fair market value, or simply returning the hardware to us without incurring extra financing charges.

Flexible mid-lease offerings even give you the option of upgrading the system to increase capacity and extend its useful life, usually with little or no increase in your monthly payments.

For more information to the leasing scheme, contact our sales specialist at 64836339 or send us an email at esales@cyrustech.com.sg.

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LETAS Grants (Spring Singapore)
 
For who? 
  • All local businesses that want to improve their business with the help of an external consultant.#
     
  • Your business qualifies as long as:
    • your company is registered or incorporated in Singapore
    • 30% - 100% of your shareholding is local
    • your fixed assets at net book value are worth S$0 - S$15M*
    • you have 0 - 200 employees *(for non-manufacturing companies)

      *
      Computed on a group basis. 

      #An external consultant is defined as a business or company registered with ACRA. The persons providing the consultancy service must be qualified and experienced persons not in the employment or remuneration of the applicant company. These persons shall not be related to or be in the employment or remuneration of a joint-venture partner, an affiliated company or a principal in a trading/agency relationship with the company.

For what?

  • To subsidize the cost of hiring a consultant to implement quality management and IT systems (e.g. upgrading of computer systems or ISO projects)

How much?

  • LETAS subsidises up to 50% of the cost* of hiring the consultant.

    * Hardware and software costs for IT projects are not supported.

Things to note

  • SPRING will take into account previous grants awarded to you under LETAS.
  • You can only apply for LETAS once for each project area (i.e. one LETAS grant for IT systems, one LETAS grant for Quality management systems).

You can apply for only one LETAS grant a year.

For more information on LETAS, you may contact our sales specialist at 64836339 or visit Spring Singapore at http://www.spring.gov.sg.

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Leasing Quick View
 
  • conserve cash
     
  • lower TCO
     
  • investment protection
     
  • highly affordable monthly payment
     
  • technology protection
     
  • highly beneficial for growing mid-size companies
     
  • available for hardware, software and services
 


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