New i-PRO FlexPay Financing Helps Public Safety Organizations Modernize Security Technology, Reduce Future Debt
Rolling Meadows, IL, May 22, 2023 – i-PRO Americas Inc., a global leader in professional security solutions for surveillance and public safety, today introduced i-PRO FlexPay Financing. The new program helps public safety organizations stay current with security technology and on budget, and provides a path to ownership without disrupting the procurement process. Offering flexible options, it’s the industry’s first financing program to enable the purchase of a range of 3rd party hardware, software, and services as a bundle.
“New AI analytics technology is critical to strengthening physical security and situational awareness,” said Bill Brennan, CEO, i-PRO Americas, Inc. “As a responsible vendor we’re committed to helping public safety organizations build the best possible solutions for their specific needs -- with products from i-PRO along with other providers -- and fit into their available funding levels and schedules. We believe giving people more options helps them make better competitive evaluations and procurement decisions. We know it gives them better return on investment than proprietary models over the long term.”
i-PRO's FlexPay Financing aims to help public safety organizations of all sizes access the best security technology available. It eliminates up-front acquisition costs, gives them a path to ownership and reduces their future debt. Payment options include:
- Deferred Payments - Initial payments may be deferred for 60, 90, 120, 180 days, or up to one year to accommodate the annual budget cycle of any size organization.
- STEP or FLEX Payments - These options allow for lower payments in the early term or flex payments to match revenue flow. A common scenario is something like this: A rural county needs to modernize a security camera system for its jail and courts projected to cost more than $300K. The county auditor can certify only $75K for the fiscal year, but forecasts fluctuating revenue collections for the next few years. With i-PRO FLEX payments, the county could match payments to cash flow projections and proceed with adjustable annual payments.
- Everything-as-a-Bundle - Customers can purchase i-PRO products along with 3rd party products and services as a single solution bundle, with monthly, quarterly or annual invoice options. For example, a city police department may have purchased 25 new cruisers that require in-car video systems, body-worn cameras in in-vehicle uplifting equipment (MDT mount, siren, radio, cage/shield etc.) They would like to finance the entire package, including installation and labor. With i-PRO FlexPay, the PD’s reseller can provide i-PRO with a quote including hardware, software, and services, and finance the fleet upgrade with everything-as-a-bundle, across multiple brands and 3rd party solutions.
i-PRO offers tools to simplify the process of preparing requests for proposals (RFPs) with its FlexPay Financing. This informational page includes getting-started guidance for procurement officers, while the i-PRO EZ-2 Portal provides reseller partners and integrators with FlexPay monthly payments for individual product SKUs as well as an i-PRO FlexPay calculator tool to provide Rough Order of Magintude (ROM) estimates for preliminary budgetary planning.
About i-PRO
i-PRO Co., Ltd., is a global leader of advanced sensing technologies in the fields of Intelligent Surveillance, Public Safety and Industrial/Medical Imaging. Established in 2019, i-PRO was built on a legacy of over 60 years of innovation with Panasonic.
The company’s products, software and services extend human senses to capture moments of truth with innovations that inform and protect. In order to help create a safer world, i-PRO Co., Ltd., supports the work of professionals who protect and save lives.
