Time is ripe for new & innovative IT investments

Written by Preeti Parashar | Updated: Sep 28 2010, 06:03am hrs
With enterprises growing cautious about IT spend, financing new projects and managing assets have become a big concern. IBM Global Financing (IGF) offers a complete portfolio of financing and asset management solutions to enable next generation innovation, including smarter infrastructure, green data centres, smart grids, health information technology and smarter transportation projects. In an interview with FEs Preeti Parashar, IBM Global Financings vice-president for India & South Asia Sapan Jain shares his views on how to manage funds.

After the slowdown, enterprises are more cautious towards IT spend. How do you look at this changed scenario

As the economy starts to rebound, business opportunities increase and new technologies like cloud computing gain traction. Its the perfect time for enterprises, big and small, to consider new and innovative IT investments to help grow business. By financing IT investments with IBM Global Financing, enterprises of all sizes can increase their efficiency and better manage cash flow and assets, by turning large upfront costs into customised and affordable monthly payments. This helps accelerate their ROI and preserve cash and credit lines for core business requirements while eliminating the risk of project delays and technology obsolescence.

What is the role played by IBM Global Financing How does it benefit Indian enterprises

By providing total financing solutions to credit qualified clients, from financing green data centres to providing environmentally-compliant disposal of retired IT assets, IGF can help support the companys green strategy in a way that cuts costs, increases cash flow, and better aligns upfront costs to anticipated project benefits. In addition, IGF can facilitate smart financial decisions at every stage of the IT lifecycle-from the planning phase through equipment disposal. This can help enterprises, stretch tight budgets, innovate smartly and position the business for faster growth.

Are Indian enterprises using their potential of IT in a creative and more prudent way How is IGF helping them in their path of innovation

All over the globe, creative leaders are re-architecting management systems so that they are based on inclusion, collaboration and transparency. This has never been more important as we work to make our systems instrumented, interconnected and intelligent. India is no exception. IGF can help improve the cash flow and deliver better ROI for organisations of all sizes.

What is the vision and mission of IGF and which are the geographies where it has a foothold

As the worlds largest IT financier, with assets over $38 billion, IGF has an asset base that is equivalent to the top two dozen US commercial banks. It is delivering financial services to 125,000 customers in more than 55 countries. We provide customisable lease and loan offerings to much of 90% of the Fortune100, as well as small companies with as few as 10 employees. Small and medium businesses and large enterprise alike can acquire the business and technology solutions through IGF to create enhanced value and drive profits.

Where do you see India 10 years from now when it comes to innovation

India has fast emerged as a tech power in the recent past. Growth in the Indian economy, right infrastructure, tech spurt, and presence of large talent pool is driving this. Innovation is the nations single greatest driver of competitive advantage, productivity, economic growth and societal change.