In a move designed to unlock a large bank of potential orders for its eFusion integrated security management software platform, Maxxess Systems has introduced a lease financing programme that could enable end-users to fund an upgrade to their security systems at 0% interest.
MaxFinancing will provide the capital for all the elements of a new or upgraded security system where eFusion has been specified. This can include labour costs as well as hardware such as access control readers, cameras, recording devices and servers.
“Installers and system integrators who we work closely with throughout the world have reported that the credit crunch is delaying the placing of orders for eFusion,” said Lee Copland, Managing Director EMEA of MAXXESS Systems. “It does seem ridiculous that well run and profitable businesses who need to improve their security are being prevented from doing so because of a lack of working capital. MaxFinancing, which we have put together with the support of an international bank, will give end-users the freedom to bring projects to fruition sooner rather than later, whilst at the same time generate valuable new lease for our business partners.”
Provided the end-user has a good credit rating and the hardware represents 65% of the total project price, a 0% interest rate will be applied to a three year lease finance arrangement. “In these situations it could not be simpler to work out what the monthly repayments will be, i.e. just divide the cost of the project by 36,” said Lee. “Where the hardware is less than 65% of the total costs, or where the end-user has a ‘B’ rating, there will be an interest charge but it is likely to be at a rate which is lower than that currently being offered by other finance houses.”