replatforming series: know your payment options

www.blytheco.comwww.blytheco.com

Are You Ready for

Replatforming?Webinar 6: Know Your Payment Options

Agenda

Recap: What is Replatforming?Definitions – What are the major payment types?Pros and Cons of eachWhere do they fit?Next Steps and resources for today

Introductions

Alicia AndersonStrategic MarketingAtlanta, GA-based19 years in ERP/CRM sales, service and marketing

Introductions

Mark GrimesDimension FundingBased in Irvine, CA since 1978,Works with companies like yours across the U.S. to provide lease financing solutions to help small to medium sized companies grow their business.

Moving to automation for the first time.Transitioning to a new system.Upgrading an existing system.

What is replatforming?

This series is designed to give you the tools and knowledge

needed to make ERP/CRM transition smooth and minimize

risk.

Industry analyst Mint Jutras reports that 73% of surveyed companies said that “management

driven change was requiring moderate to

substantial ERP change”

Series Introduction – May 7

How to Build a Business Case – June 4

How to Scope Your Project – July 9

How to Evaluate Solutions and Build Your Evaluation Committee – Wednesday – August 6

Cloud vs. On-Premise – September 3

Know Your Payment Options - TODAY

The Series

Know your payment options

6

ProsFast paymentNo interest No obligation Bargaining power

ConsDepletes business capitalDoes not fight inflationLimits technology to run your business Can create cash flow issues

Cash

Pros Easy approval Promotional rates Unsecured Fast

ConsCharge fees to payeeHigh interest rates VariablePersonal Credit is at riskHidden fees

Credit Cards

ProsOnce approved has lowest variable rates

Great for short term borrowingsImproves cash flow

ConsUsually needs to be renewed annuallyVariable RateFinancial reporting needs to be done to bank once a yearBank approval before additional borrowing can happen.Usually has a lien against all assets of business Reduces available credit & limits future borrowing ability.Bank can call note

Line of Credit

ProsCreates low cost of software with monthly paymentMinimal infrastructure Minimal maintenanceUpdates without additional cost

ConsImplementation costs not includedNo ownershipIf subscribed longer than 3 years can typically be more expensive than purchasing

Subscription

ProsMay include maintenance and professional servicesFixed rateCreates better cash flowNo security interest in borrowing entity Fights inflationReduces Obsolescence Tax advantagesFlexible re payment optionsMay have more customized software Lower cost of entryQuicker Turnaround

ConsInterest costsSet obligationEarly terminationOver extendingNo equity

Financing or Leasing Options

One size does not fit allMap the TCO over the life of the systemUnderstand the priorities for your businessQuestion the assumptions about each option

In summary…

Does your business currently use any of the following funding sources?

CashCredit Cards or Line of creditSubscription modelFinancing/LeasingNone

A Quick Audience Poll…

Resources for today’s class

Link to the CalculatorCopy of this presentationResources from previous classesFor more information, questions, or comments please email or call:

Mark Grimes, mgrimes@dimensionfunding.com949-608-2249

Available on http://info.blytheco.com/replatform-resources