Asset finance is a type of finance used by businesses to buy the equipment they need to grow.
It usually involves paying a regular installment for the asset’s use over an agreed period, thus avoiding the full cost of buying outright. The most common types of asset finance are leasing, hire purchase, installment sale, and rental. In some cases, security is required; this can be attached to the contract or equipment.
Xpertek has been assisting its clients in this industry by offering a scalable, configurable solution capable of managing a varied list of asset classes such as home loans, vehicles, IT equipment, industrial equipment, and agricultural solar and medical equipment.