The most common errors in software leasing and how to...

♪ The most common errors in software leasing and how to avoid it

**Software Leasing is an excellent way to keep the IT infrastructure modern and at the same time protect the liquidity. However, as with any contract, falling knits are lurking here, which can lead to unexpected costs and problems. Anyone who knows the most common mistakes can specifically avoid them. This guide will show you what you need to look for to make your leasing experience successful from the start. **

Error 1: Ignore the small print

The devil is in detail – this applies especially to lease agreements. Many companies only surpass the key data such as rate and duration. However, the General Terms and Conditions (AGB) often contain decisive clauses.

So avoid it: Take your time to read the contract completely. Please pay particular attention to regulations for termination, the options at the end of the contract and any additional fees. In the event of unclearness, you should ask or have the contract examined legally.

Error 2: Unclear regulations at the end of the contract

One of the biggest mistakes is not to worry about the end of the runtime. What happens to the software? Is there a duty to buy at an excessive price? Are the terms for a contract extension fair?

So avoid it: Clear the options at the end of the contract (purchase, extension, return) in writing and in advance. A reputable provider will offer you transparent and flexible possibilities, such as buying fair market value or an uncomplicated technology upgrade.

Error 3: Oversee Hidden Costs

The monthly rate is not always the final price. Often additional costs are added, which are not shown prominently in the offer.

So avoid it: Ask explicitly for all potential additional costs. This may include:

• Processing or administrative fees

• Insurance premiums for the software

• Fees for contract adjustments (e.g. adding licenses)

Get a full cost order.

Error 4: Lack of flexibility in the contract

Your company grows, your requirements change. A rigid leasing contract that does not allow adjustments can quickly become a block on the leg.

So avoid it: Pay attention to flexible contractual conditions. A good contract should allow you to add licenses during the runtime (scalability) or even to change to another product under certain circumstances.

Error 5: Select the wrong provider

Not everyone who offers leasing is also an expert on software. A provider without industry knowledge often cannot reflect the specific requirements of IT projects, e.g. the need to finance services such as implementation and training.

So avoid it: Select a specialized, manufacturer-unabh