Leasing World - 26/02/08

A recent survey carried out by Syscap Ltd, among 332 customers, suppliers and prospects, has revealed that the credit crunch may not have the negative impact many IT resellers are fearing this year.

Sixty percent of buyers said they do not believe the credit crunch will affect their IT spending plans in 2008, with only 19 percent fearing that it would. By contrast, nearly half of suppliers questioned (42 percent) believed the credit crunch would have a bearing on their customers' IT spending plans.

Channel Business Online – 25/02/2008

CHANNEL NEWS. A recent survey carried out by independent IT finance provider Syscap has revealed that the credit crunch may not have the negative impact many IT resellers are fearing this year. Sixty percent of buyers said they do not believe the credit crunch will affect their IT spending plans in 2008, with only 19 percent fearing that it would.

By contrast, nearly half of suppliers questioned (42 percent) believed the credit crunch would have a bearing on their customers' IT spending plans. Finance is considered by most to be a natural element of IT acquisition, with 83 percent of respondents saying they would use it to fund hardware or software; equipment/machinery was the second most popular candidate for finance at 45 per cent.

The main reasons cited for using IT finance were because it "allows acquisition without cash outlay" (60 per cent), followed by "allows capital to be deployed elsewhere" (57 per cent) and "to preserve cashflow" (39 per cent.)"These figures show that it's far from doom and gloom for suppliers and end-users in 2008," says Philip White, CEO at Syscap. "Despite ominous forecasts, organisations are generally optimistic about this year's economic outlook, at least when it comes to IT spending. On the basis of these findings, suppliers can approach prospects with less caution than they may have previously thought."