Rise of Finance 4.0 predicted to boost equipment manufacturer sales as $1 trillion market emerges

Equipment manufacturers expect to increase sales by up to 35% over the next five years by offering integrated financing options, new research has revealed. The findings come in a new research paper from Siemens Financial Services which examines how integrated finance could enable manufacturers to invest in and sell the connected technologies that will drive ‘Industry 4.0’. The finance company says Industry 4.0 transformation requires widespread investment in technology, which is presenting many OEMs’ customers with a major financial challenge.

Rise of Finance 4.0 predicted to boost equipment manufacturer sales as $1 trillion market emerges

Jun 20, 2019

Equipment manufacturers expect to increase sales by up to 35% over the next five years by offering integrated financing options, new research has revealed. The findings come in a new research paper from Siemens Financial Services which examines how integrated finance could enable manufacturers to invest in and sell the connected technologies that will drive ‘Industry 4.0’. The finance company says Industry 4.0 transformation requires widespread investment in technology, which is presenting many OEMs’ customers with a major financial challenge.

DLL plans future development of servitisation during 50th anniversary year

DLL has marked five decades of growth since its launch that have seen it expand from a three-employee company in a small Dutch village to a global vendor finance business with 5,000 employees in more than 30 countries. In a review of the company’s progress, Bill Stephenson (pictured), chief executive officer and chairman of the executive board at DLL, praised its “entrepreneurial, forward-looking culture”.

DLL plans future development of servitisation during 50th anniversary year

Jun 18, 2019

DLL has marked five decades of growth since its launch that have seen it expand from a three-employee company in a small Dutch village to a global vendor finance business with 5,000 employees in more than 30 countries. In a review of the company’s progress, Bill Stephenson (pictured), chief executive officer and chairman of the executive board at DLL, praised its “entrepreneurial, forward-looking culture”.

Personal guarantee insurance helps business bounce back following cash crisis

Small business owners have told how personal guarantee insurance played a critical role in guiding their business to success when they experienced cash flow problems. The founders of Xtreme360, a trampoline park located in Cambridgeshire, UK, secured asset finance to fit out their new venture, which included signing personal guarantees. As it entered a growth stage, it encountered cash flow problems, as ongoing costs ate into profits, leaving a shortfall for covering loan repayments. The directors had secured personal guarantee insurance from Purbeck Insurance Services and turned to the company for guidance during their financial difficulties.

Personal guarantee insurance helps business bounce back following cash crisis

Jun 06, 2019

Small business owners have told how personal guarantee insurance played a critical role in guiding their business to success when they experienced cash flow problems. The founders of Xtreme360, a trampoline park located in Cambridgeshire, UK, secured asset finance to fit out their new venture, which included signing personal guarantees. As it entered a growth stage, it encountered cash flow problems, as ongoing costs ate into profits, leaving a shortfall for covering loan repayments. The directors had secured personal guarantee insurance from Purbeck Insurance Services and turned to the company for guidance during their financial difficulties.

EMEA

Close Brothers Asset Finance powers supercar manufacturer growth with unique deal

May 30, 2019

Close Brothers Asset Finance has agreed a unique finance deal with UK supercar manufacturer Briggs Automotive Company to power the company's future production. Funds were provided against the first BAC Mono ever produced. The BAC Mono is the world’s first and only single-seater, road-legal supercar. It set a new record for supercars during the Supercar Shoot Out at last year’s world-famous Goodwood Festival of Speed.

Americas

New equipment business volume muted

May 01, 2019

New business volume in the equipment finance sector remains subdued according to the latest data from the Equipment Leasing and Finance Association (ELFA). Its monthly leasing and finance index (MLFI-25) suggests March’s performance was 10% lower than in the same period last year. The index shows overall new business volume for March was $8.2bn. Although volume was up 39% month-to-month from $5.9bn in February, cumulative new business volume was down 10% compared to the same period in 2018.

Asia Pacific

Identifying growth opportunities in Islamic finance

Feb 08, 2019

Islamic finance is available in 56 countries through 1,389 sharia-compliant companies that have total assets under management (AUM) of $2.4 trillion, according to a 2018 study from Thomson Reuters. In 2017, the market grew 11% and while recent expansion has been slower in core markets, such as the Gulf and south-east Asia, future trends are significantly rosier.