Introducing Syscap to the Accountancy Profession

SYSCAP: AN INTRODUCTION

Introducing Syscap

About SyscapMarket analysisOur approachOur products and solutionsSyscap in the accountancy sectorCustomer referencesSummary

SYSCAP: AN INTRODUCTION

About Syscap

Syscap is the UK's leading independent IT finance provider. We provide tailoredfinance solutions to help organisations of all sizes and sectors acquire thetechnology they need. We also provide finance for a wide range of costs yourbusiness encounters: from vehicles to tax bills, from office equipment to partner buy-ins.

Founded in 1990, Syscap now employs over 110 people across the UK and Europe,has annual revenues in excess of £160 million and over £350 million of assets underManagement.

Syscap has been recognised with a number of recent accolades, including gainingInvestors in People status, thanks in part to the Syscap Academy, the company’s unique staff development programme. Syscap was also named Company of the Year at the South London Business Awards in May 2008.

The company has also developed The Syscap Foundation, a charitableproject which raises money for a variety of good causes, with a focus on giving underprivileged children and adults access to IT.

SYSCAP: AN INTRODUCTION

Market analysis

IDC predicts that the demand for IT financing will grow in 2008, largely due tovolatility of markets and squeezed IT Budgets.

National Computing Centre puts UK IT spending growth at 4.9% in 2008.

Gartner believes that subscription-based pricing will continue its steady growth and“by 2012, at least one-third of business application software spending will be as]service subscription instead of product licenses.” 

IDC predicts service and software growth will outstrip hardware growth Gartnerfurther predicts that “by 2011, early technology adopters will forgo capitalexpenditures and instead purchase 40 per cent of their IT infrastructure as aservice.”

IDC suggests IT suppliers will continue the shift to bundled, service-based offerings.

SYSCAP: AN INTRODUCTION

Our approach

A focus on innovation: We constantly review our products and processes to respond quickly to market demands. Syscap has a proven methodology for introducing new, innovative products to meet the constantly evolving needs of ourclients.

Sector-specific expertise: We employ specialists in a wide range of vertical sectorssuch as legal, accountancy, insurance, local government and education.

Flexibility to customer’s needs: We strive to understand the business drivers of each of our customers and to deliver tailored solutions that meet their individual Requirements.

Excellent customer service: We offer a single point of contact for each customer and regularly survey customers so we can continue improving our service.

A facilitator of business growth: Outright purchase and ownership of businessassets is an inefficient means of acquisition, preventing organisations from achieving their full potential. We deliver solutions that will achieve faster return on investments and enable our clients to utilise working capital more effectively to fuel business growth.

SYSCAP: AN INTRODUCTION

Our products and solutions

Equipment finance: A full suite of flexible finance plans to fund a wide range of business assets such as IT, office equipment and vehicles.

Upgrades: Every Syscap agreement has an inbuilt upgrade allowance, called the Systems Change Option, making it easy to upgrade equipment for little or no extra monthly cost.

OpenLease: An outsourced leasing product from Syscap that makes it simple for medium to large companies to pay over time for ad hoc IT expenditure.

Professional Interim Finance Facility: Used to bridge the often lengthy and expensivegap between the development of an IT project and it’s full implementation.

IPR Funding: A revolutionary new finance product from Syscap to help clients and ISVs realise the value in the intellectual property within in-house software development .

Managed services: Pioneering managed services solutions to help maintain the health of a customer’s IT infrastructure.

Software as a Service (SaaS): Pay-as-you-go software with our Subscription+ product.

SYSCAP: AN INTRODUCTION

Syscap in the accountancy sector

The Professions marketplace todayThe current credit crunch is affecting professional firms, particularly around how theydo business and how they fund their own practice. With shortened IT lifecycles and emerging technologies, acquiring cost effective equipment is becoming more of a challenge.

The accountancy sector is facing a period of consolidation, as smaller practicesstruggle to adjust to the market downturn.

The sector is becoming increasingly competitive – practices can no longer afford tostand still – they need to be agile and plan for the long term.

Practices must also embrace change and evolution – something the sector is notgood at. Financial, technology and marketing strategies must be in place andexecuted in order to survive.

SYSCAP: AN INTRODUCTION

Syscap in action: Accountancy sector

Syscap, the UK’s leading independent finance provider to the professions, offeringspecialist finance solutions for accountants and accountancy practices.

We are the official finance partner to ICAEW – the Institute of Chartered Accountants in England & Wales – the largest professional accountancy body in Europe with over 28,000 members.

Syscap helps practices fulfill a wide range of requirements, including: Practiceacquisitions, technology, equity buy-ins, block fee purchases, vehicles, tax fundingplus much more…

We work with practices of all sizes – from sole practitioners to multinationalorganisations. We also work with accountants’ customers, helping them develop effective acquisition strategies to maximize budgets.

SYSCAP: AN INTRODUCTION

Why Syscap?

Our focus on innovation and flexibility to accommodate each of our client’s requirements ensures we provide bespoke finance solutions that meet the specific needs of an individual firm, as these client testimonials demonstrate:

Melvin Kay of Weston Kay Chartered Accountants“When we are looking to acquire depreciating assets such as vehicles, IT and officeequipment, we always consider finance as an option,” explains Kay. “We don’t want to disrupt cashflow every time we want something new, so paying over time makes good sense.” “I always say speak to your bank and get a quote from Syscap. I recommend them to our clients because I know they’ll do their best to find the best deal possible.”

Chris Castleman - Senior Partner Newby Castleman “If you’re IT-enabled then make sure your investment is an asset, not a liability. There’s no such thing as a one-size-fits-all solution, so consultation and good advice are always essential – that’s why we lease with Syscap and recommend them to our clients.”

SYSCAP: AN INTRODUCTION

In short …

Through innovative, bespoke finance solutions, Syscap enables commercial,professional and public sector organisations of all sizes to acquirethe business assets and resources they need, without traditional budgetaryconstraints.

With nearly 20 years’ experience, Syscap is a market leader, an innovator and a trusted partner of thousands of organisations. In an uncertain economic environment and with the growth in ‘pay as you use’ utilisation of business assets, Syscap is ideally place to help you take you business forward.

Contact us

www.syscap.com

SYSCAP: AN INTRODUCTION