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Siemens Financial Services (Siemens), a leading provider of asset-finance solutions in the UK, has announced its partnership with Belgravium Ltd., leading manufacturers of ruggedized mobile data capture devices. Through its Master Lease solution, Siemens and Belgravium will help companies to streamline the process of approving subleases as and when commissioned.
Their partnership will enable potential and existing users of mobile data capture devices to manage their investments more capably and more effectively. The Master Lease covers all individual leasing requirements operating under a master set of terms and conditions agreed by the client, the lease is used to schedule staged installments. Thanks to its widespread applicability, the Master Lease is ideal for multiple site installations, or customers who intend to make frequent orders, says Mark Hardy, Managing Director, Belgravium. Our partnership with Siemens will allow us to really focus on developing our finance business, offering flexible finance solutions that enable potential customers to purchase better-fit, higher-specification equipment.
Clients who lease their mobile data capture solution through the new Belgravium and Siemens partnership will be able to realize the significant monetary benefits against the cash-purchase alternatives. Hardware, software, installation, training, and maintenance can all be included in one single finance agreement; helping to consolidate the entire cost of the financed solution, and spreading the cost over the life of the investments.
The Master Lease financial solution also allows smaller leases to be added to the master set of terms and conditions, providing the flexibility for inevitable changes to clients businesses. All additional leases have the ability to run co-terminus, and so are all able to finish on the same date.
Rod Tonna-Barthet, Sales Director, Siemens Financial Services, comments: Belgravium are a very successful company and are growing at a tremendous pace. The Master Lease solution enables us to provide Belgravium with a boutique, tailored service that delivers a best-value, results-driven financial solution. Im delighted that together we are building our relationship and we look forward to working with them in the future.
About Belgravium Ltd
Formed in 1982, Belgravium Ltd design and manufacture innovative data capture systems and rugged mobile computer equipment. They have extensive experience in providing bespoke and standard solutions specifically to the logistics and supply chain sectors. Combining hardware, software and consulting skills, they take the components needed to build a total and logical solution to fit all business requirements.
With over 300 site installations throughout Europe their customer base is made up of household names such as Corus, Coca Cola, Toys R Us and Wincanton GSK along with some of the most prominent names within the Third Party Logistics sector.
About Siemens Financial Services Limited
Siemens Financial Services is a leading provider of innovative finance solutions to UK businesses and public sector organisations. With more than 250,000 customers Siemens has arranged finance for 90 of the current FTSE 100 companies and more than 50% of NHS trusts and local authorities. Siemens unique heritage enables it to offer its customers a compelling combination of industrial, technological and financial expertise.
The business provides solutions ranging from 1,000 to many millions for a diverse range of financing needs, including equipment and asset finance, treasury services and working capital finance. It is active in a wide range of markets including healthcare, public sector, professions, IT, telecoms, office equipment and vehicles among many others. For many years the company has run highly sophisticated vendor finance programmes, underpinned by ease-elease, its highly innovative online lease tool.
Siemens is independently recognised as a business finance leader in a number of its core markets. Amongst its many accolades Digital Networks Limited (DNL), a supplier of marketing and online services to the asset finance industry, published research highlighting the business as the leading provider of asset finance to the public sector. Siemens was also named company of the year at the 2006 Auto Vending Innovation Awards.
With offices throughout the UK, Siemens Financial Services has more than 260 employees and is headquartered in Stoke Poges, Buckinghamshire. The companys global headquarters is in Munich, Germany.
About Siemens in the UK
Siemens was established in the United Kingdom 164 years ago. The company employs 20,314 people in the UK, including about 6,500 in the manufacturing sector. Last years revenues were 3.5 billion, including exports of 580 million, and it spent almost 75 million on research and development. As a leading global engineering company, Siemens provides innovative solutions to help tackle the worlds major challenges, including the shortage of natural resources, increasing environmental care, and a growing demand for healthcare, mobility and security. Siemens has offices and factories throughout the UK, with its headquarters in Bracknell, Berkshire. The companys global headquarters is in Munich, Germany.