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An overview to Syscap Professions and our finance solutions specifically tailored to Law Firms and Chambers
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Introducing Syscap Professions to the Legal SectorBy Robert Hulse (Senior Consultant)
SYSCAP: AN INTRODUCTION
Introducing Syscap Professions
• About Syscap
• Our Approach
• Our products and solutions
• Syscap and Legal IT
• Customer References
• Summary
About Syscap Professions
Syscap Limited are the UK's leading Independent finance and leasing provider to the Legal Sector.
Professional practices have highly individual requirements when it comes to finance. As the UK's leading independent finance provider to the professions, Syscap understands your needs and provides tailored
finance solutions for specialist equipment, IT and much more.
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 under management.
We provide finance for a wide range practice requirements for example:
• Vehicles
• Tax bills
• IT Hardware, Software services and Maintenance
• Office equipment
• Disbursements
• Professional Indemnity Insurance
• Acquisitions and Partner Buy-Ins.
• Practice Refurbishments
• Vat
• Partner Capital Injections
• Practicing Certificates
Our Approach
Constantly reviewing 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 our clients.
We employ specialists in a wide range of vertical sectors such as Legal, Accountancy, Insurance, Local government and Education.
We strive to understand the business drivers of each of our customers and to deliver tailored solutions that meet their individual requirements.
We offer a single point of contact for each customer and regularly survey customers so we can continue improving our service and client experience.
Our products and solutions
Asset Finance: A full suite of flexible finance plans to fund a wide range of business assets such as IT Hardware and Software, Office Equipment, Practice
Refurbishments.http://www.syscap.com/professions/products-and-solutions/payment-plans
Vehicle Sourcing and Finance:Syscap take the hassle out of acquiring vehicles, we understand that your time is extremely valuable so there’s no more trawling around
dealerships getting individual quotations on cars, vans and finance let Syscap do all the hard work and obtain you fleet discounts and the most competitive package overall, whilst you continue to concentrate on more pressing tasks.
http://www.syscap.com/professions/products-and-solutions/vehicle-finance
Upgrades: Every Syscap lease agreement has an inbuilt upgrade allowance, called the Systems Change Option, making it easy to upgrade
equipment for little or no extra monthly cost.
Professional Interim Finance Facility™:
PIFF provides your practice with the capital to bridge the often lengthy and expensive gap between the specification of your new equipment or IT system and its full implementation. It’s simple to setup and manage, and reduces the burden on your cash flow.
http://www.syscap.com/professions/products-and-solutions/interim-finance-facility
Case Funding: A flexible facility to help legal practices fund disbursement and case acquisition costs over time.
http://www.syscap.com/professions/products-and-solutions/disbursements
VAT Funding: A flexible cash flow smoothing facility designed to spread the cost of VAT over 12 months whilst releasing predetermined payments each
quarter to the practice.
Short Term Funding:Short term funding from 6 months to 1 year to cover the cost of annual payments such as Tax, Professional Indemnity, Practicing
Certificates, IT Support contracts and software licenses
Syscap and Legal IT
Syscap works in partnership with many of the UK’s Legal IT Solution Providers and has a uunique finance product tailored specifically to IT projects the (Professional Interim Finance Facility™)
The Credit Crunch is affecting Legal practices today by directly affecting their fee income in most areas of law, making practices review the way they operate and fund their business with a key driver being
operational efficiency driven by ICT and systems.
This has been highlighted by the recent surge in the need for external funding outside of daily banking lines to accommodate capital expenditures in IT Hardware and Software which would normally have been
funded by cash flow or bank overdraft.
The lack of capital available from traditional banking lines is taking it’s toll as overdrafts become reduced, more expensive, alongside less flexible financing terms on banking loans, firms are now more than ever considering options such as asset financing outside of their banking relationships, leaving these free for
future growth or unplanned future finance requirements.
Syscap Professions provide a specialist approach to ICT finance which overcomes the need to immerse into your existing banking lines or fall back on capital investments for systems that may have a long term
effect on the future efficiency and productivity of the practice. Syscap enables practices to continue to invest and remain ahead of their competition, ready for tomorrow with our unique product the PIFF.
http://www.syscap.com/professions/products-and-solutions/interim-finance-facility
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:
“Syscap works hard to understand our needs and to find best fit finance solutions.
Whenever I approach them with a question or request, they say ‘leave it with us an
we'll sort it out'. I trust them to get the job done and they don't disappoint.”
Jenny Fensham, Chambers of Edward Faulks QC
http://www.syscap.com/professions/case-studies/chambers-of-edward
“I realised we would do best to find an agreement that would enable us to load thepayments at the start of the term, when we could afford to, so we could reduce the
cost of our remaining payments.” Jim Wright, Finance Director, Digby Brown
http://www.syscap.com/professions/case-studies/digby-brown
“What really impresses me is that the service we receive is as personal and involved
as it was when we were a small company. They have helped us to grow, easing the
financial pains that come with upgrading equipment and systems”
Donna Scully, Carpenters Solicitors http://www.syscap.com/professions/case-studies/carpenters
In short …
Through innovative, bespoke finance solutions, Syscap enables legal practices of all sizes to acquire the business assets and resources they need, without
traditional budgetary constraints.
With nearly 20 years’ experience, Syscap is a market leader, an innovator and
a trusted partner of many solution providers and many organisations throughout the professions sector.
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 Syscap
Robert Hulse
Senior Consultant
01606 338026
Email: [email protected]
Web: Finance solutions for professional practices