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CYFOR Legal
Software Licencing
Clear Business Finance helps CYFOR to break down the cost of annual software subscriptions into manageable monthly payments.
The Challenge
Operating globally since 2002, CYFOR is a leading provider of eDiscovery, Digital Forensics, Corporate Forensic Investigations and Cyber Security. These specialisms extensively cover commercial, criminal and corporate investigations, as well as litigation and dispute resolution matters.
The data recovery and investigations sector is highly dependent on software solutions to deliver efficient and accurate services. However, the annual upfront costs associated with software licences can have a negative impact on cash flow and can stifle organisational growth.
Clear Business Finance have been working with CYFOR since 2016 to help combat this issue.
Key Facts
Amount Financed
406K
Product
Equipment Finance, Leasing
Location
Manchester
Contacted us via:
Phone (We are easy to talk to)
Annual software subscriptions were becoming a barrier until we found the answer in Clear
The Results
As you can imagine not all lenders want to finance intangibles or assets that have no residual or resale value. However, this is where our expertise and knowledge pays dividends. We have access to a panel of specialist lenders who finance software hosted on and off premise. The software author is paid directly by our lender and the Annual licence fee is broken down into 12 manageable monthly repayments for the client. By spreading the cost, we protect valuable working capital enabling CYFOR to take on more licences as and when needed.
Find out if your business is eligible for financial support
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