New COSVCON and CSG partnership delivers unprecedented insight into financial opportunities for IT estates
Right technology, right place, right time, right cost
New COSVCON and CSG partnership delivers unprecedented insight into financial opportunities for IT estates
WEEE Systems, an innovator in technology lifecycle management, today announces a new partnership between its COSVCON business unit, and CSG, the award-winning managed service and asset finance provider. Together, COSVCON and CSG now provide full asset level visibility of the Total Cost of Ownership (TCO) of an IT estate, from selection to retirement, designed to inform and enable necessary future investment through tailored structured financing on optimal terms.
COSVCON tracks the changes in Cost versus Contribution of the assets in an IT estate, providing concise, current information, which allows TCO to be managed and reduced. Its accurate analysis and dashboard views enable finance and IT teams to proactively manage the individual assets throughout their lifecycle, and their transformation at retirement through a strategic e-waste approach that also drives compliance.
“WEEE Systems’ partnership with CSG is designed to help any organisation striving to optimise its existing IT estate whilst embracing new demands for investment to deliver even greater efficiencies,” said Bob Clarke, CEO, WEEE Systems. “CSG’s forward-thinking approach to creating smart financial instruments to meet these needs matches our own new thinking in IT asset management and responsible yet profitable e-waste transformation. Together, we offer a real opportunity to put CFOs and CIOs on the same page to run an optimum IT estate to support their overall business goals.”
COSVCON and CSG have come together to address three current problems for IT and finance teams in commercial and public sector organisations: keeping pace with IT refresh cycles in times of austerity and budget cuts; managing finances to hit business objectives, and communication between two departments which ‘speak’ different languages. The partnership allows organisations to plan strategic ICT equipment refreshes in the face of stringent budget constraints.
“CSG brings a pragmatic approach to the financing of Capital Expenditure that meets the changing needs of our clients,” said David Jackson, CEO, CSG. “We believe that our partnership with COSVCON offers a means for commercial and public sector organisations to keep pace with technology whilst meeting changing accounting standards and restricted CAPEX budgets.”
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About WEEE Systems
WEEE Systems is a trusted and reliable partner for leading, responsible organisations that require large-scale business and professional E&E infrastructure and equipment recycling, connecting and streamlining the value chain, reducing overall costs as well as creating new revenues and business opportunities for its clients and partners.
The company is committed to a transparent ‘Reduce, Reuse, Repurpose and Recreate’ materials transformation ecosystem that is built around each client’s specific requirements.
For further information, please visit http://www.weeesystems.com
About COSVCON
COSVCON tracks changes in the Cost versus Contribution of the assets of an organisation’s IT estate. It aggregates company-wide data to provide concise, current information, which allows Total Cost of Ownership (TCO) to be managed and reduced throughout its lifecycle – from Selection to Retirement. It enables finance and IT teams to make informed decisions together on IT purchases and cost-effective and sustainable Asset Retirement Programs (ARP). COSVCON is a business unit of WEEE Systems Ltd.
For further information, please visit http://www.cosvcon.com
About CSG
Capital Solutions Group (CSG), provides structured financing solutions to large corporate clients and the Public Sector, typically for the acquisition of technology assets. Changes in the funding and legislative environment have left many lenders unable or unwilling to meet their clients changing financing requirements. CSG addresses this through a consultative approach which aims to model structures which maximise ROI for their clients, meet current accounting requirements, and enable full visibility of their assets and the real costs of ownership.
Over the last two years CSG has positioned itself as a leading player supporting it’s clients in investment into Renewable Technologies to help them meet their Carbon targets. Several successful projects are already delivering substantial cost and carbon savings to Public Sector clients.
CSG has placed for a three consecutive years in the Virgin Sunday Times Fast Track 100 listing of the UK’s fastest growing privately owned businesses.
For further information, please visit http://www.csg-lease.co.uk/
Press contact
Lucy Houghton
020 7680 5500
CSG Partners with Reuben Sinclair
As part of a series of service expansions, CSG has partnered with leading sales talent recruiter, Reuben Sinclair (RS).
Rohan Shah, MD at RS commented "RS has seen an increasing demand for sales staff from technology businesses and CSG has the footprint in this sector to allow Reuben Sinclair to leverage its expertise in sourcing quality talent."
David Jackson, CEO, CSG explained "We are aiming to provide a suite of products to our vendor partners to support them in all Sales related areas. We recognise that sourcing quality sales staff is a major issue for our partners and the dedicated schemes we have negotiated with Reuben Sinclair, assist in driving down the costs of recruitment."
"Thank You" Loyalty Programme Extended
Due to massive demand CSG are pleased to extend their "Thank You" programme to 30 September
Find out more about the "Thank You" Loyalty Programme
CSG Launches it's "Thank You" vendor and customer loyalty programme.
David Jackson, CEO, says
"We want to say thank you to our supporting vendors and customers who have chosen to take advantage of our market leading products and service. We recognise they have a choice and the Thank You programme aims to reward our supporters in these hard times. The programme has been designed as both an individual incentive whilst lending itself to being badged by vendors as their own scheme to incentivise their staff. We recognise that many vendors may have restricted budgets in this area so it’s our way of supporting them."
Interested parties can register on 0844 800 9927 or on the website.
Signs of a recovery in the "Real Economy"
Signs of a recovery in the “Real Economy” have been registered at CSG, with new business enquiries increasing 62% in Jan 2011 compared to 2010 and reports from Vendor partners that their pipeline’s are at a three year high. Interestingly, the demands made on both the commercial and public sectors are creating a growing demand for more innovative funding to allow organisations to keep pace with technology whilst meeting changing accounting standards and restricted CAPEX budgets. It is also noteworthy that those Financial Institutions with which CSG trades debt are showing an increasing appetite at last to increase lending with signs of new parties coming into the market. These facts suggest that real growth is returning for UK businesses.
UK leasing man gains recognition for work with CSG
As the leasing industry continues to push for greater visibility in the business world at large, a recent national awards ceremony has drawn positive attention to the sector.
Bill Tadden of Capital Solutions Group (CSG) was named Non-Executive Director (NED) of the Year in the Unlisted Companies category of the fourth annual Non-Executive Director Awards, held in London on February 10.
The awards were held by the Non-Executive Directors Association (NEDA) in conjunction with KBC Peel Hunt and the Sunday Times, and set out to recognise individuals that had played “pivotal roles” in their companies and industries.
Tadden has been at CSG for the last two years, where he has worked with credit and operations director Verne Ringshall to maintain crucial funding lines for the business.
“Bill’s work directly led to CSG featuring for three consecutive years as one of the UK’s fastest-growing private companies. It also allowed the company to penetrate new markets, provide new products and increase profitability,” said the award’s judges.
CSG is currently looking to recruit a number of staff, including a lease administrator, marketing manager and several field sales personnel.
Article From Leasing Life: Leasing Life
Heath Lambert partners with CSG to create insurance solutions
Heath Lambert’s Commercial Affinity & Small Business division has joined forces with Capital Solutions Group (CSG), a Managed Service financier and asset finance company, to create enhanced insurance solutions for its extensive client base.
CSG provides business critical financing to its client base, and decided to expand its offering by providing comprehensive insurance products. Heath Lambert was tasked with devising a solution to cater for CSG’s large and diverse range of clients. To manage this effectively, Heath Lambert put together a panel of insurers to compete for their range of business needs.
Mike Owen, Managing Director of CA&SB said: “All businesses are analysing their costs at the moment to ensure that they are running as cost efficiently as possible. CSG came to us to get advice on how to get the best deal for their clients. We have used our expertise in the market to negotiate enhanced deals for CSG clients, both in terms of cost and cover. Our panel ensures that clients will get the cover best suited to their needs at a very competitive price.”
David Jackson from CSG said: “We have been very impressed with Heath Lambert. Their market knowledge is excellent and they have a proven track record in this area of business. We are delighted to be able to offer this tailored service to our clients.”
Third Consecutive entry in Virgin Sunday Times Fast Track 100
CSG, the innovative technology asset finance company, has placed for a third consecutive year in the Virgin Sunday Times Fast Track 100 listing of the UK’s fastest growing privately owned businesses.
Fast Track are the UK’s leading networking events and Research Company ranking Britain’s top private companies.
Notably CSG was one of only six companies to appear in three or more consecutive listings and of that at 133%, it showed the highest annual growth figure.
“I am very proud of our third entry in the Fast Track 100. Our continued rapid growth is testimony to our, service commitment, innovative products and staff commitment. We are demonstrating that our model is robust despite market conditions”.
David Jackson - Chairman
The inclusion in this years Fast Track 100 at position 14, is a substantial improvement on the 2007 position of 25th.
Capital Solutions Group:
Capital Solutions Group (CSG), founded in 2000 by CEO David Jackson, provides bespoke financing for small and medium sized businesses through mainly unsecured leases & loans.
CSG provides funding usually unavailable to its clients through banks due to their size or as a result of the investment being for intangible assets, for example, IT/Telecoms, Office Refurbishments and Software.
Funding is typically for three years and from £50,000 to £5 million.
CSG remains an active player in its sector despite the credit conditions effecting completion.
www.progressive-finance.com
