As the Windows 10 End of Life (EOL) approaches, MSPs face a critical task of refreshing their customers’ systems to make sure they have the latest security and performance. This transition is an excellent opportunity to leverage financing options. Here’s why and how you should start planning these upgrades now for your customers.
The Importance of Refreshing Systems
With Windows 10 reaching its EOL, it’s important that MSPs proactively manage their system upgrades to Windows 11. Older workstations, especially those over five years old, can become problematic, leading to increased downtime and maintenance costs. So, make sure that all workstations are three years or newer and maintain a more reliable and efficient IT environment for your business. Here are a few things to keep in mind as the EOL for Windows 10 approaches:
- Start Early: Begin planning it now to upgrade systems before Windows 10 support ends in October 2025 and it’s too late.
- Avoid Last-Minute Rushes: If you start early, it helps avoid the stress and the risk of issues popping up when getting last-minute upgrades. You might not have time to fix any issues before support ends.
How Financing Can Help
Financing is a great tool for MSPs looking to grow their business and provide top-notch services to their clients. Here are some key benefits to incorporating financing into your business model:
Improved Cash Flow
Financing allows MSPs to manage their cash flow more effectively. Instead of making large upfront payments for equipment and services, it spreads out the cost over time, which makes it easier to budget and manage expenses, and frees up capital that can be used for other critical business needs, such as hiring additional staff, investing in marketing, or expanding service offerings.
Increased Sales Opportunities
Offering financing options can make your services more accessible to clients who might not have the budget for large upfront costs. By providing flexible payment plans, you can attract a broader range of clients, including small and medium-sized businesses. This can help you close more deals and expand your customer base, as clients are more likely to commit to projects when they can spread the cost over time. Additionally, it can differentiate your offerings from competitors, positioning your business as a more attractive and accommodating option.
If you want to read more on how financing benefits your sales team, check out this flyer.
Enhanced Client Relationships
By providing flexible financing options, you can help your clients manage their budgets more effectively. This financial flexibility allows clients to invest in necessary upgrades and services without the burden of upfront payments. As a result, clients are more likely to appreciate the support and convenience you offer, leading to stronger, long-term relationships. When clients feel financially supported and see the value in your services, they’re more likely to remain loyal and keep working with you for future projects.
Consistent Upgrades
Financing encourages regular system upgrades, just like the upcoming Windows 10 EOL, as it needs a transition to newer systems to ensure that your clients’ IT infrastructure remains up-to-date and efficient. This reduces the risk of downtime and maintenance issues associated with outdated equipment.
Learn more about the benefits of financing for MSPs on a corporate level in this flyer.
GreatAmerica Financial Services Offers Custom Programs
GreatAmerica Financial Services offers tailored technology financing solutions that align perfectly with the needs of MSPs. Here are a few reasons why you should consider establishing a relationship with GreatAmerica:
Prefunding Flexibility
One of the standout features of GreatAmerica is the prefunding options, which gives clients the necessary cash flow upfront. This is particularly beneficial for those with limited credit lines or immediate funding needs, ensuring that projects can start without financial delays. Providing funds at the start and completion of the project means that MSPs can quickly implement upgrades and improvements for their clients.
Competitive Rates and Promotions
GreatAmerica offers competitive rates and promotions that make financing more accessible and beneficial for MSPs. The Fair Market Value (FMV) structure, in particular, supports consistent upgrades, keeping your technology current and efficient. This minimizes the risks of dealing with outdated equipment, reducing the likelihood of technical issues and maintenance costs. Clients can enjoy the benefits of the latest technology without the burden of significant upfront expenses.
The FMV structure also allows clients to budget for smaller, manageable payments over time, rather than facing a large, one-time expense for a major upgrade. This predictability in budgeting is a significant advantage, making it easier for clients to plan and manage their finances.
For more information on the different types of financing structures at GreatAmerica, click here.
With the end of life for Windows 10 approaching, it’s important to plan your customers’ transition. See how GreatAmerica can help you and your clients succeed by watching a video to hear from other MSPs about their experiences here. Or check out their technology equipment financing page for more information on the best fit for you.
