PROJECTS IN THE FURNITURE INDUSTRY – SOURCES OF FINANCING

We describe: the position of the Polish furniture industry on the world map; the sources of financing of the projects; the benefits of process automation; the program of 6 instalments x 0% for WOODEXPERT.

4 SOURCES OF FINANCING THE PROJECT

The furniture industry has been one of the most rapidly growing areas of the Polish economy for years. Export plays here a particular role – Poland is at the forefront, together with China and Germany. In 2020 we were a runner-up among the exporters of the furniture industry worldwide, with China ahead only. The value of sales in Poland in 2020 amounted to PLN 50.6 billion, which means slightly more than in 2019 (PLN 50.5 billion), whereas it is worth noting that approx. an 8% drop was recorded across Europe.

It cannot be hidden that automation is the key to gradually increase the efficiency of processes in the industry, including the furniture industry. Do you want to stay on the market or be a step ahead of your competitors? Invest in modern solutions and technologies. Not all have to imply a huge expense, and in some cases it is very easy to make use of interest-free and cost-free purchase-supporting schemes.

What is the nature of financing of projects in the furniture industry, especially for SMES? Several main sources can be distinguished:

1. EU grants: repayable and non-repayable

2. leasing

3. loans and credits

4. other.

The funding from these sources can be used to finance the purchase of IT, deployment, technical, training, equipment and machinery and software supporting the design and manufacture of furniture.

INVEST OR LOSE

Technology, innovation and optimisation are a leverage to boost the competitiveness of our businesses. How do I influence the development of own business and improve the efficiency of the design and manufacturing processes in the furniture industry? Let’s invest in professional software.

There are many solutions available on the market, but it is worth taking care not only of the current needs, but also of the prospect of developing own business. This will help us avoid a situation where we need to invest in a new software within 2–3 years only because the current software ceases to meet our development needs and plans.

WHAT IS WOODEXPERT?

WOODEXPERT is a furniture design and preparation software that can be defined by “one tool, multiple tasks and capabilities”. What are the benefits of investing in WOODEXPERT – a professional furniture software? Primarily time and cost savings:

– reduction of project time by more than half, which can be easily translated into increased team productivity

– elimination of project errors and thus production losses

– fast return on investment

– increase in comfort of work thanks to an intuitive interface and a user-friendly library of furniture components

– unified design documentation and data availability from any enterprise workplace.

WOODEXPERT is a software that guides the design engineer smoothly throughout the furniture manufacturing process – from design to production preparation.

Let’s move to the market’s capabilities to finance software purchases.

GRANTS, CREDITS, LEASING – WHAT ELSE? 

In general, EU grants are divided into 2 groups: non-repayable and repayable. To obtain them, you have to satisfy many conditions, which significantly narrows the group of consumers. In addition, it is necessary to be prepared for a vast number of formalities, an increasing heap of documentation and frequent inspections. Is it worth it? Of course, as soon as the strict conditions are fulfilled and you do not care about time. Under RPOs (Regional Operational Programmes) you can raise funds for IT activities, innovation and R&D projects. These programmes vary by the province for which they are designed.

The second group consists of bank credits and loans. Here it is also necessary to take into account the need to pass through the credit verification process and numerous formalities. What if we are unable to raise money for planned projects? Let’s jump into the next option – leasing. This type of financing instrument for the purchase of fixed assets or intangible assets has many advantages, including: cost spread over time, lack of or very low initial contributions, greater availability, fewer formalities, simple procedures.

SPECIAL OFFER “6 x 0%”

Can it be simpler? Of course. You can use the option of allocating the cost of purchasing of WOODEXPERT into 6 low, fully interest-free installments. Without useless formalities and a long decision-making process. The software goes to your company, the design engineers begin working, the funds remain on your bank account, and the company’s liquidity is intact. The lack of free money does not necessarily prevent the implementation of interesting solutions in your company. Time is not stagnant, business competitiveness is growing, so it is worth taking a step to not only keep the market position high, but also to turn over competition.

And here, pay attention to one additional enormous advantage of investing in WOODEXPERT – we are its developer. What does this mean in practice? We can adapt the software to the needs of individual clients. Do you need an extra option, an additional language version of a report, etc.? Let us know about your need – we will discuss it and decide what to do next. Flexibility is important for business. Especially in the current situation since even in a highly prosperous furniture industry it could haven been noted that 2020 exerted some influence. What will the future bring? We will know soon. There is one thing certain – whoever stands still, he moves backwards.

Write to us, and we will talk not only about the “6 instalments x 0%” scheme, but also about the software itself. You can test it for 30 days free of charge and with no obligations, or just arrange a short 1–2 h presentation (online or on-site) during which you will be familiarised with the software, talk to experts, and “click it over” on your own. Such a meeting is also a great opportunity to ask questions and discuss how to tailor WOODEXPERT to your business’s needs.

Use the contact form and send a query now or just order a DEMO. So, is it time to change? It’s time for WOODEXPERT.