Example: Where equipment costs R10,000, InnoVent invests, for instance, a 15% residual. This means you pay only R8,500 in present value terms, to use the equipment for an agreed term.

InnoVent has the resources and expertise to dispose of these assets once they’re returned at the end of the rental term. And we recover the initial residual on disposal, so you never have to pay for this residual, providing that the equipment is returned in good working order..

Insurance services

In addition to equipment rental, InnoVent offers clients comprehensive and competitive insurance products to cover the equipment they’re renting, mitigating the cost of replacement in the event of loss.

 

This means:

• You pay no penalties for refreshing/swapping out equipment.
• You face no increase in rental payments.
• You take no responsibility for disposing of the replaced equipment.
• Your company stays abreast of technology innovations.
• TCO remains at a minimum, as only current technology is used.

Tech-Buy Back™ ( Sale and lease-back)

Via this product, InnoVent will buy your existing equipment and lease back the very same equipment to you at attractive rates, based on our residual model. This means you will never have to pay for the full cost of the equipment, because InnoVent assumes ownership of the hardware.

The many advantages of this option include:

• New and existing equipment can immediately go on rental.
• Assets are bought at Net Book Value, eliminating the possibility of book losses or tax complications.
• An immediate cash injection.
• Improved asset control and management.
• Rapid standardisation of equipment and a reduction in TCO through savings on maintenance costs.
• Reduction of maintenance and storage costs by disposing of excess equipment.

 

ICAMS (InnoVent Contract and Asset Management System)

As each new rental contract is activated, InnoVent captures the following information on our 24/7 access website, so you can view your company’s contracts and asset information at any time:

• Asset serial number/tag number
• Asset description
• Asset specifications
• Original cost
• Rental payable
• Contract term
• Contract inception date
• Contract expiry date
• Asset user name
• Asset location
• Asset cost centre
• Supplier invoice details

This real time accessibility empowers you to manage your contracts and assets at the push of a button.

Live Technology Asset Tracking (VTrack™)

Using VTrack™ to audit, track and manage your assets, you get immediate answers to these questions:

• What assets do I have?
• What is the configuration of my assets?
• What software resides on my hardware?
• Where are my assets located?
• Who uses my assets?
• Have there been any changes to the specifications of my assets?
• Which assets do not meet my minimum specifications, where are they located and who are the users?
• Have any of my assets gone missing?

What happens when the contract expires?

InnoVent’s dedicated End-of-Term team will engage with you months before your rental contract is due to expire, allowing you enough time to decide if you want to:

• Return the assets
• Extend the contract
• Purchase the assets
• Negotiate a solution that combines the above options.

The End-of-Term team works alongside a dedicated Logistics and Warehouse team, who arrange the collection and return of your equipment to our warehouse. The fact that our logistics and warehouse function is not outsourced to a third party, makes us unique in the rental and asset management industry, as this ensures secure control and cost savings. The result? No nasty damages bills or forced extensions.