As part of its commitment to providing accessible and innovative security solutions, Brivo, a global provider of cloud-based access control and smart apartment automation, launched a financing program. The Brivo financing program allows customers to implement access control, multifamily or video surveillance projects with little to no upfront investment and consistent, predictable payments over time.
Many organizations have access control systems that are three years old or more but have no plans to upgrade obsolete systems. A barrier to install new technology is largely due to high costs. This, coupled with the heightened need for security in a post-COVID-19 environment, has created a gap for companies and multifamily buildings that need new systems but aren’t able to afford them. Brivo’s financing program addresses this void in the market with its manageable payment model.
“The COVID-19 pandemic has created a higher demand for the adoption of new security practices to keep both facilities and the people inside safe,” said Steve Van Till, CEO of Brivo. “The pandemic has also disrupted revenue streams, and many businesses in pursuit of better security are struggling to implement solutions due to high upfront costs. The launch of our new financing program eliminates this roadblock for companies and multifamily property owners, ensuring they can upgrade security to include the latest digital innovations while managing cash flow.”
The financing program is distinct from Brivo’s subscription service, Brivo Complete, which also removes the barrier of high upfront costs, as the financing program provides 12 to 72 month finance installments rather than a recurring subscription. Projects that cost more than $10,000 (including labor and parts) can apply for financing and vary from first time cloud-based upgrades to initiating multi-site projects to integrating existing systems and beyond. All products in the Brivo price book, along with many third party components, are eligible for the financing program.
Customers interested in the financing program use the project proposal and quote they receive from an authorized Brivo dealer to complete an online credit application. Applicants can expect a same-day credit decision.