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Video: Payment plans to enable federal technology refresh

By Gina Ringgenberg in Government Posted August 29, 2019

Government agencies are mandated to meet ever-increasing technology demands with unpredictable budgets. Using flexible FAR-compliant payment plans federal agencies can acquire the technology they need now despite unpredictable shrinking budgets. Our new video explains how.

Refresh legacy systems with limited budget

In this video from Key Government Finance, viewers learn how providers of technology to government agencies can work with a financing partner to offer solutions that enable them to focus on selling rather than processing.

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For both agencies and prime contractors, replacing legacy technology or taking advantage of multi-year discounts presents a real challenge. With annual appropriations, agencies often face a difficult choice: Acquire only what they can afford in the current fiscal budget cycle or reduce the scope of work.

This impacts operational efficiency, increases the cost of technology and leaves mission critical systems vulnerable to attack. What if agencies didn't have to make that choice? What if there was a different way?

Flexible solutions fit customer needs

In fact, financing enables agencies to fast-track the sales cycle with federal-specific solutions for their customers, such as:

  • Fully-conformed Federal Acquisition Regulation (FAR) documents
  • Flexible structures and terms
  • Financing for all major contract vehicles
  • Longstanding vendor and reseller relationships
  • Integrated, exclusive federal team/client collaboration

Agencies benefit from financing options

From the federal agency perspective, financing offers numerous benefits, including:

  • Alternative capital to ease tight budgets
  • Availability for individual asset(s) or entire projects
  • Efficient use of capital and operating budgets
  • Forecasting and future budgeting advantages
  • Life-cycle cost reduction

Variety of products enable sales

In addition, a variety of federal financing products are possible, such as:

  • Installment payment plans
  • Lease to Own Purchase (LTOP)
  • Lease with Option to Own (LWOO)
  • Software license agreements
  • Prime Contractor Commercial Lease with Federal termination rider

With flexible payment solutions that are FAR compliant, agencies don’t have to decide between limited current year budgets and getting the total technology solution they need.

Here's more on financing options from Key Government Finance.

Learn about federal financing

 

 

 

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