1. Technology: The New and The Obsolete
RentWorks provides the hedge you need against equipment obsoletion
RentWorks as owners of the technology, assume the financial liability and the worry
and cost of obsoletion.
The cost of ownership and disposal is avoided
You get the benefits of using your chosen technology without the inherent costs
and risks associated with ownership or disposal.
Rent the equipment you need from your supplier of choice
RentWorks is vendor independent and because we enjoy relationships with reputable
suppliers, we can help you seamlessly acquire the right equipment for your organisation.
What is obsolete to one user is not necessarily obsolete to another
RentWorks has developed an extensive secondary market. and, coupled our technology
knowledge. IT equipment becomes more valuable in our hands. That’s how we pass bigger
savings on to you.
2. Cash Management
There’s abetter way to spend your cash
Purchasing equipment outright requires substantial cash outlay on assets that drop
in value quickly, and require regular replacement. You may prefer investments in
assets that appreciate, using your cash to reduce secured debt facilities or even
spending it on generating core business profits.
3. Financial Reporting
No residual
RentWorks invests its own equity as a residual component into equipment transactions
upftont. That way we are able to offer tower rental rates than the standard cost
of borrowing (for both new purchases and re-rentals).
Assets can be billed off balance sheet as an operating expense
Traditional finance lease and asset purchase facilities are recorded in the balance
sheet as financial debt. RentWorks rental payments, on the other hand, can be positioned
as an operating expense, allowing you to minimise and predict cash outflow.
Fixed interest. Fixed quarterly payments
Your interest rate is fixed on inception of the contract. Therefore, with regular,
fixed payments for all assets, you have the financial certainty to better manage
your cash flow.
Total Technology Management
One source for all your technology needs:
Online contract management: Your contract details are available 24 hours
a day via the Internet. So you can track and manage your assets wherever and whenever
you choose. Cost centres can also be billed separately. So you have greater control.
RentWorks Insurance: For quick and easy claims processing. Lost or stolen
assets are easy to replace or can be removed from your contract entirely.
Network based asset: Know the hardware and software status of an asset a
any time; calculate its productivity; attribute its cost to a user or cost centre;
and So much more.