London-based company, Two Fold Software, has implemented a rental payment option for its Qualoupe LIMS solution. The monthly rental payment option is available in conjunction with the company’s normal purchase solution and offers benefits such as the capability to conserve valuable capital reserves, a monthly tax efficient rental fee that can be offset against any corporation tax burden, and a quick return on investment. It also prevents time and resources from being wasted through the installation of a LIMS solution that doesn’t meet requirements.
‘Many companies can often go through the expensive evaluation and selection process and still get it wrong,’ explains Paul Bateman, Two Fold Software’s business development manager. ‘The rental option helps here because there is no contract, only an agreement to pay the monthly fee if they are using the system. So if the LIMS solution should fail to deliver the required result they simply cease to pay and that is the end of it. We believe the rental option totally removes the risk in selection.’
Another advantage of taking the rental approach is that some clients are able to pay for their LIMS out of their consumables budget due to the small monthly costs associated with this option. This avoids the need for time-consuming cost justification processes or in some cases the cost of issuing and subsequently evaluating a Request for Proposal (RFP).
