technology
Data security priority
Close Brothers Technology Services’ solutions go beyond traditional financing to include securely maintaining data held on equipment. “In fact,” said McVicar, “we believe we are the only UK finance company offering Blancco data erasure software in our contracts.”
For a nominal extra charge in their finance agreement, clients have the peace of mind knowing data can be removed from computers, smartphones, laptops and servers as often as they need. Data removal is certified as being in line with regulatory requirements, including GDPR. When the cycle of IT ownership ends, data erasure and equipment tracking during disposal can be included in the finance contract.
Future tech finance trends
Asset finance solutions are adapting to account for the transition from traditional desktop PCs and notebooks to smart devices. The switch by companies is being driven by user experience as new technologies emerge and employees’ work patterns change, for example with hot desking, home working and BYOD (bring your own device).
Along with hardware advances is the rise of ‘software as a service’ and cloud computing. So it’s understandable that companies are increasingly looking for professional support and advice to support their asset finance decision making. Whatever type or length of funding companies are looking for, Close Brothers Technology Services aims to fit in where it is needed during the product lifecycle.
McVicar said: “We look to be the glue that joins the parts together in a company’s technology asset strategy. In our opinion, the way to get the best value from your technology is to have a structured approach to managing it. The worst thing you can do is be passive and not plan your technology financing.”
Find out more Thames Valley
Mike Rixon, relationship director 07703 886950
mike.rixon@closebrothers.com Solent & South
Martin Cadby, relationship director 07714 767256
martin.cadby@
closebrothers.com THE BUSINESS MAGAZINE – SEPTEMBER/OCTOBER 2018
businessmag.co.uk 11
Client focus: InLink
InLink was a start-up company that needed funding for its unique assets. InLink units are replacing payphones in prime locations in London and other UK cities to provide ultrafast, free public WiFi, phone calls, device charging and a tablet for access to city services, maps and directions.
Close Brothers Technology Services provided a multi-million-pound deal to fund the full installation and equipment costs, helping ease cashflow concerns and speed up the equipment rollout process.
“The Close Brothers Technology Service team took the time to really understand the business and worked hard with us to create a bespoke solution which met all the operating and financial criteria we were looking for.”
Monica MacKinnon, chief finance officer, Primesight and InLink
CPG Logistics Raising capital against software intellectual property (IP) is becoming a popular way for companies to access funding for further investment. Privately-owned logistics specialist CPG’s management team wanted to finance the software intellectual property for Medisa, an online system it had developed for the healthcare industry.
Close Brothers Technology Services arranged 60-month software IP rights secured loan to finance these developments.
“We found Close Brothers Technology Services both knowledgeable and adaptable, meaning they were able to tailor a solution specific to our needs. We look forward to a successful relationship moving forwards.”
Richard Lord, managing director, CPG Logistics PTS Consulting
PTS Consulting helps businesses transform the way they operate through IT. The company was replacing its laptops but didn’t want to impact its cashflow. A poor experience with a previous leasing provider had resulted in hidden costs and onerous return conditions.
Close Brothers Technology Services devised a laptop replacement programme that didn’t impact PTS Consulting’s cashflow, while at
the same time giving them peace of mind about future funding.
“Having previously leased through a company that provided no communication or transparency around the end of lease process, it was refreshing to hear Close Brothers Technology Services identify this as a critical piece of their service offer.”
David Dewhurst, chief financial officer, PTS Consulting
closebrotherstechnology.co.uk
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