Is asset based IT finance a way out of the capital straightjacket?

Is asset based IT finance a way out of the capital straightjacket?

Despite ever increasing profits the banks are still not lending to small businesses. That is the claim made this week as yet another bank revealed burgeoning profits while UK businesses continued to struggle. Although moves are being made to increase the money supply by banks, this could be affected by an interest rate rise sooner rather than later, as real inflation tops 5% and producer input inflation flies into double figures, mainly due to ramping fuel and commodity prices. So companies looking to invest in IT have the hard choice of either chasing limited funds at rates orders of magnitude above the Bank of England base lending rate, or raiding their cash reserves – something many are unwilling to do at times of economic uncertainty. However in the 21st Century standing still is also not an option as companies need to maintain a competitive edge, so maintaining an efficient IT infrastructure is as important as ever. Therefore in looking to maintain investment without large capital outlay companies are once again looking towards the traditional asset based finance structures of leasing to be able to deliver their IT projects. During the better times of the last decade we saw a move away from leasing and a preference for companies to commit to a spend according to an annual budget. Budgets are now much tighter and therefore more companies are once again looking to spread this cost across many years. There are a number of good reasons for doing this beyond spreading the payment, not least in that leasing is more tax efficient than outright capital purchase in that 100% of...

Windows 7 patches kill VMware view client

It appears a number of people relying on the VMware View 4.5 client have found that after a weekend of patching their client PCs they can no longer use the client. It would appear that two of the latest Microsoft patches are responsible. If you are just after the quick fix then uninstall Microsoft patches: KB 2482017 KB 2467023 otherwise…. There is a big discussion about it on:...