This flexible payment alternative comes at a time when more and more businesses are becoming increasingly careful with their cash flow management in the current economy.

Adrian Stafford-Jones, Managing Director at Albany Software, comments, "The rental offering from Albany is very timely for business, as spend and associated risk are being assessed and kept to a minimum across the majority of companies whilst they look to emerge unscathed from the recession. This initiative is set to give customers greater flexibility, ensuring that they are able to take better control of IT expenditure."

With the extra payment option, more businesses can benefit from Albany's latest innovative technology offerings, including the Bacs-approved electronic funds transfer software to process three-day and faster payments, electronic document delivery, Direct Debit management tools and account validation solutions.

Albany Software provides businesses with a highly cost-effective, user-friendly way of implementing intelligent electronic solutions to help organisations streamline their back office processes and improve efficiencies; facilitate multi-bank functionality whilst remaining totally independent from the banks.

Stafford-Jones concludes, "Now more than ever it is vital for any business to have effective and efficient software in place, enabling greater control and improved cash flow. By providing an alternative payment option, Albany allows their solutions to become freely available to all businesses, regardless of their size and financial position".