SAP Upgrade


Agricultural Supplier Uses Financing to Make SAP Project Costs More Palatable

The Customer

Organization Type:
Agricultural Supplier

Location:
Wisconsin

Project Scope:
SAP Upgrade 

First American

  • Dedicated Project Manager
  • Competitive Rates, no fees
  • Lease management portal 
  • Industry leadership
  • Vendor-neutral 

The Challenge: 

When project costs for an SAP upgrade quickly exceeded the budgeted $1.5MM, company executives started to explore financing options. However, their bank was not willing to finance many of the project's soft costs and caused additional frustration by requiring any outside financing to be an operating lease. Given these circumstances, the company opted to take budget dollars from other initiatives to complete the project. 

Since this transaction made a considerable impact on the budget, the company decided to investigate other options to restore cash reserves after project completion. 


Our Solution:

With the company's priorities in mind, we were able to create a customized solution for its SAP project. We provided cash reimbursement for the entire project, including soft costs like training and implementation. In addition to providing financing with a competitive rate and no fees, we were able to structure the deal as an operating lease (Fixed FMV), which allowed the customer to achieve an off-balance sheet treatment. 

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Business Impact:

Our solution allowed the customer to put cash back on the books and pay over time, all while meeting their bank's strict requirements. The customer enjoyed the ease of having a dedicated Project Manager to oversee all aspects of the cash reimbursement, including multiple phases and locations. This alleviated a significant administrative burden and freed up time and resources for other important initiatives. 

Our services include much more than just technology financing. 

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