New funding solutions for law firm investment in market leading practice management systems

Syscap, the UK’s leading independent IT finance provider, has agreed to provide a range of new funding solutions to the clients of Pilgrim Systems, the leading case and practice management software provider to law firms. Syscap explains that with the downturn in some areas of legal work law firms have found it harder to fund important IT investment projects out of their cash flow.

According to Syscap traditional banks have always been reluctant to fund investments in software and IT support and the credit crunch has found traditional bank funding for major IT implementations within law firms even harder to access.

Comments Mark Gidge, Chief Sales Officer of Syscap: “With a slowdown in growth law firms are looking to improve their use of IT and practice management tools in order to raise productivity and boost cash collection. Unfortunately, finding the funds to make that necessary investment, either from their own resources or from an outside funder, is harder than ever.”

“We have worked with Pilgrim Systems to put in place a number of very competitive and flexible financing solutions that will make an investment in Pilgrim System’s solution a far easier decision.”

Law firms can now use Syscap to invest in Pilgrim Systems’ LawSoft service in a number of ways – all designed to reduce and defer short term cash outlay:

• Only start paying on live operation of the LawSoft system
• Defer payments for 12 months
• Pay a monthly amount per user that includes the software, services and annual support
• Spreads the cost of the investment over 3 to 5 years

All of these options allow firms to preserve cash reserves whilst building for the future.

See coverage of this press release below:

Pilgrim Systems

LegalSupportNetwork.co.uk