RainMaker Software and Baytree Leasing Work in Partnership to Provide 0% Lease Rate as Part of Economic Assistance Package
RainMaker Software, Inc. is pleased to announce a partnership with Baytree Leasing Company to offer subsidized lease rates ranging from 0% to 3.75% to qualified law firms as part of RainMaker’s $1,000,000 Economic Assistance Package. In today’s challenging economic climate, loans and leases are difficult to obtain at attractive rates. RainMaker is providing these special lease rates to assist in the purchase of an integrated financial and practice management system that better manages the financial side of a firms business, reduces internal costs, improves productivity, predicts cash flow and meets demanding client requirements. Investing in the proper technology can not only make a firm more profitable, but also provide for a higher level of security in troubling times.
In addition to the potential tax benefits in 2009, many firms are also looking to protect their existing line of credit and will find leasing at these special rates a very attractive option. In addition using the accelerated depreciation expense allowed under IRS Section 179 can dramatically lower the after tax cost of a system purchase. In 2009, up to $250,000 of technology costs can be expensed in the year it is acquired. This results in an immediate tax savings for the firm. Firms should consult their tax adviser to determine if they meet the qualifying criteria.
The RainMaker $1,000,000 Economic Assistance Package is based upon a "pay it forward" concept. An integral part of the qualifying process is that law firms identify how they will "pay forward" the benefits of the assistance to their local community. Examples might include identifying new pro-bono work initiatives for laid-off workers, assisting families dealing with potential mortgage foreclosures or participating in charitable organizations. The amount of the Economic Assistance Package for each firm is based on its size and the commitment it makes to "pay forward" these benefits.
"We believe firms will want to preserve liquidity on their balance sheets by realizing the cash flow and tax advantages inherent in the lease rates we are able to provide with our partner, Baytree Leasing," states Jim Hammond, President of RainMaker Software. "Firms have told us they need a new system but lease rates and bank loans were either not available or offered at very high interest rates. Additionally, this program allows firms to conserve their working capital. We are delighted that we are able to work with a dedicated company like Baytree which already has a substantial legal market presence."
For more information about RainMaker’s products, interested parties can contact the sales department at 1.800.341.4012 x3413 or via email at legalinfo@rainmakerlegal.com.
About Baytree Leasing
Baytree Leasing Company works in close partnership with and is
a subsidiary of Baytree National Bank & Trust. Baytree is
a niche bank that was founded on the principle of providing excellent
service to its customers. In fact, the name Baytree was selected
with that purpose in mind. Traditionally given to heroes, scholars
and athletes to honor their accomplishments, the bay tree symbolizes
strength, honesty and integrity. In every way, Baytree Leasing
Company holds itself to these same standards. The company’s focus
is flexible financing, competitive rates and genuinely superior
customer service. These are the basics on which Baytree helps
law firms succeed. Moreover, because Baytree Leasing is backed
by the financial stability of Baytree National Bank & Trust,
clients can feel confident in the security of Baytree’s leasing
programs. Additional information about Baytree Leasing and its
offerings can be obtained by visiting the company website at http://www.baytreeleasing.com/legalenduser
or by contacting our office at 877-229-4888.
About RainMaker Software, Inc.
RainMaker Software, Inc. provides progressive, proven and practical
financial and practice management systems designed to help law
firms effectively and profitably manage and grow their businesses.
With more than 40 years of legal-specific development experience,
RainMaker has consistently delivered stable and feature-rich,
yet easy-to-use products. The company’s premier product line,
RainMaker Platinum, a wholly .NET enterprise application, offers
law firms consolidated Financial (time and billing) and Practice
Management functions, along with Business Intelligence analytics
and Microsoft® SharePoint Portal integration, into a single application
that is built on the most up-to-date technologies available. These
new advances enable firms to fully maximize their enterprise software
investment to increase efficiency, measure, develop and leverage
profitability, and ultimately meet both short and long-term business
goals. RainMaker takes a hands-on, customer-centric approach to
evaluating and responding to firms’ needs, and is dedicated to
long-term client satisfaction. RainMaker is a Microsoft® Gold
Certified Partner. RainMaker is a wholly owned subsidiary of ASA
International, Ltd. Additional information about RainMaker Software,
Inc. and its products can be obtained by contacting the sales
department by phone at 1.800.341.4012 x3413, via email at legalinfo@rainmakerlegal.com
or by visiting the company website at http://www.rainmakerlegal.com.
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