Join us for the final event in the series "Are You Ready for Replatforming?" to learn about the pros and cons of using various popular payment options to fund your business software investment. Our special guest is Mark Grimes from Blytheco partner Dimension Funding!

1. wwwwww..bbllyytthheecoc.oco.cmom
Are You Ready for
Replatforming?
Webinar 6:
Know Your Payment Options

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

3. Introductions
Alicia Anderson
Strategic Marketing
Atlanta, GA-based
19 years in ERP/CRM
sales, service and
marketing

4. Introductions
Mark Grimes
Dimension Funding
Based 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.

5. What is replatforming?
Moving to automation for the first time.
Transitioning to a new system.
Upgrading an existing system.
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”

6. The Series
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

7. 6
Know your payment options

8. Pros
Fast payment
No interest
No obligation
Bargaining power
Cons
Depletes business capital
Does not fight inflation
Limits technology to run your
business
Can create cash flow issues
Cash

9. Pros
Easy approval
Promotional rates
Unsecured
Fast
Cons
Charge fees to payee
High interest rates
Variable
Personal Credit is at risk
Hidden fees
Credit Cards

10. Pros
Once approved has lowest
variable rates
Great for short term
borrowings
Improves cash flow
Cons
Usually needs to be renewed
annually
Variable Rate
Financial reporting needs to be
done to bank once a year
Bank 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

11. Pros
Creates low cost of software
with monthly payment
Minimal infrastructure
Minimal maintenance
Updates without additional cost
Cons
Implementation costs not
included
No ownership
If subscribed longer than 3
years can typically be more
expensive than purchasing
Subscription

12. Pros
May include maintenance and
professional services
Fixed rate
Creates better cash flow
No security interest in borrowing
entity
Fights inflation
Reduces Obsolescence
Tax advantages
Flexible re payment options
May have more customized
software
Lower cost of entry
Quicker Turnaround
Cons
Interest costs
Set obligation
Early termination
Over extending
No equity
Financing or Leasing Options

13. In summary…
One size does not fit all
Map the TCO over the life of the system
Understand the priorities for your business
Question the assumptions about each option

14. A Quick Audience Poll…
Does your business currently use any of the following funding sources?
Cash
Credit Cards or Line of credit
Subscription model
Financing/Leasing
None

15. Resources for today’s class
Available on http://info.blytheco.com/replatform-resources
Link to the Calculator
Copy of this presentation
Resources from previous
classes
For more information, questions,
or comments please email or
call:
Mark Grimes,
mgrimes@dimensionfunding
.com
949-608-2249