Quantitative benefits

  • Bigger bottom line: The interest rates we charge on our rental equipment are lower than what it would cost you to purchase this equipment yourself. Our rates are also lower than what you’d pay on bank financing.
  • Cash savings: The money you save on equipment purchases can be redirected towards your core activities, or left in the bank to earn interest. [+] read more
  • True off balance sheet finance (IAS17/AC105 compliant): Your balance sheet will look much more attractive.
  • Immediate improvement in ROA and ROI: Assets are off balance sheet.
  • Saving on audit fees for fixed assets: Fixed assets are no longer on your books.
  • Guaranteed buy-back of your old assets upfront: The residual lowers the effective interest rate.
  • The benefit of non-recourse residual offering: Peace of mind and a measurable TCO from Day 1, with no further contingencies.
  • No tax implications on disposal of assets.
  • Rental payments are 100% tax deductible.
  • Overall reduction in admin costs.

Qualitative benefits

  • Operating expenditure rather than capital expenditure.
  • No ownership costs and their accompanying hassles — these costs are transferred to InnoVent. [+] read more
  • We take responsibility for disposing of redundant equipment.
  • You won’t need to keep a fixed asset register.
  • No audit headaches.
  • You don’t run the risk of scrapped/disposed assets lying in asset register/books.
  • Simple and straightforward disclosure in financial statements.
  • You can now maintain and afford a relevant and modern suite of equipment at all times.
  • Simpler budgeting and cost recovery.
  • InnoVent is vendor-independent, so you have the flexibility to upgrade to different brands or change vendors.
  • You have the option to change useful life, without impacting your balance sheet and implementing write-offs.
  • We also offer optional comprehensive, affordable, flexible and all-in insurance services.

You benefit by InnoVent being vendor-independent

InnoVent is vendor/supplier-independent. We believe that selecting, financing and managing equipment are separate decisions. As our client, you’ll be free to choose the most effective solution for your unique business activities, without being obliged to take on equipment not ideally suited to your operations. Separating financing from supply of equipment benefits you in many ways: [+] read more
  • Greater flexibility: You have the freedom to change a brand or supplier simply and speedily, because the underlying financing structure remains the same.
  • You’re empowered: As our client, you’re free to control and independently negotiate the cash cost of the equipment and the financing structure. Negotiating these two elements separately ensures the most cost-effective solution.
  • Transparency: You have a clear understanding of the true cash cost and the true financing rates.
  • No pressure: InnoVent has no vested interest in promoting a product, brand or supplier and this gives you the liberty to choose the equipment your company really needs.

Cradle to grave

InnoVent understands that rental without asset management is not a complete solution, so we’ve geared ourselves to help you in the following transaction phases: [+] read more
  • Providing residual financing for your chosen assets.
  • Managing rented assets during the rental contract.
  • Taking back equipment when you no longer need it.

InnoVent has set up dedicated specialist teams and facilities to guide and assist our clients through each of these specific phases of the transaction.

Flexibility

At InnoVent, flexibility is the basis of our rental offering and this is part and parcel of our Flexi-Tech Renewal™ product. [+] read more

During the rental period, Flexi-Tech Renewal™ allows you to:

  • Shorten rental periods
  • Lengthen rental periods
  • Refresh rented assets
  • Change rental payment structures
  • Restructure contracts to suit a particular environment.

When the Pay-for-Use rental period expires, you will be able to:

  • Return the old assets to InnoVent
  • Procure new assets on a rental basis
  • Continue to rent the old assets at reduced rates
  • Purchase the old assets for your own use.