smartfundit.com, developers of the worlds first independent software finance web, have announced that Managed Information Group (MiG), the IT Software and Services company has partnered with smartfundit.com to offer its customers flexible payment packages and to help overcome budget restrictions.
MiG has been delivering its iKnow-how knowledge management solutions to improve customer information management through its software arm iFramework for over 5 years. The company has recently launched a new set of complementary software products and services under the Mi-Hospitality banner specifically designed for the pub bar and restaurant sector.
The new solutions build on the foundations of iKnow-how and combine the newly developed Electronic Point of Sale (Mi-EPoS) system which integrates with its core knowledge management suite to offer central control over policies, procedures, stock and pricing, thereby ensuring consistency throughout the group.
Very few IT solutions are budgeted for in advance, say for example core business applications like payroll, HR and finance, said Andrew Tonks, Head of Client Services at iFramework. Despite their recognised potential, many valuable projects are held back by a lack of capital, both because budgets remain tight, or because they have emerged only once the budget for the current year has already been allocated. Andrew continues. To introduce new technologies and kick start sales of our new EPoS offering, we needed to offer our clients a way to spread payments over time and in doing so overcome their budgetary issues whilst we increase our new and repeat business sales quickly and easily, and recognise revenue immediately. This is exactly what this partnership with smartfundit.com enables us to do. Crucially the smartfundit.com team has a strong heritage in not just finance but software finance and that makes a refreshing difference as it is much more like a software partner than a finance partner.
Suki Gallagher is CEO of smartfundit.com and adds, There is great synergy between the business aspirations of MiG and the smartfundit.com delivery model. MiG wants to sell more software by exploiting better and more flexible ways in which its customers can pay for new and repeat solutions. By simply offering a means to pay over time, the client benefits from having rapid access to software that could boost its competitive edge, enabling new levels of responsiveness and speed to market with new innovations. smartfundit.com is simply providing the foundation to finance this in a way that best suits MiG and its customers.