Asset finance & lifecycle optimisation

• ICT hardware (servers, laptops, desktops, etc)
• Motor vehicles
• Yellow equipment (earth moving equipment)
• Telecoms equipment
• Medical equipment
• Other movable assets upon request and by design

Asset rental

At NO additional cost to the Client, Tirage will facilitate a non-recourse residual stake investment into Client selected assets, which affords Clients the opportunity to enjoy full use of the assets whilst not paying the full costs, over required contractual rental periods. At the end of the contractual rental periods and provided the assets are returned in good working order, the initial residual investment is recovered from the professional, expert and legal disposal of the assets, meaning that the Client never incurs the responsibility for the residual.

In addition to the above services, comprehensive and competitive insurance products are offered to cover the equipment that Clients rent, thereby mitigating replacement costs in the event of loss.

Asset renewal  

Rental solutions allow for upgrades of Client’s selected assets, aligned with technology advancements (when applicable) without increasing repayments or making additional cash flow outlays, meaning Clients benefit from:

• No penalties for refreshing / swapping out of equipment;
• No increases in rental payments;
• No responsibility for legally disposing of returned and / or replaced assets; and
• No surprise in the total cost of ownership (TCO), as existing technology is used.

Asset sale and lease-back

Sale and lease-back of a Client’s existing selected assets at attractive rates and based on the non-recourse residual finance model used in “Asset rental” above. Again, this means that Clients never have to pay the full costs of the technology, however get full use of the equipment with ownership of the assets migrating to the new owner of the assets.

This means Clients enjoy the immediate benefits of:

• New and existing assets being converted to rental arrangements;
• Assets being bought out at Net Book Value, thereby eliminating the possibility of book losses or tax implications;
• A cash injection into the business;
• Improved asset control and management;
• Standardisation of equipment and a reduction in TCO through savings on maintenance costs; and
• Reductions of storage costs by disposing of excess assets.

Asset lifecycle management

Asset management can be provided on behalf of Clients and / or for rental contracts, which is conducted in a real-time asset register environment where a Client has access to and can continuously manage its contracts accordingly.

The benefits of which are, inter alia, the knowledge of:

• What assets have been invested in, who is using them and where they are located;
• The configuration of the asset base;
• What software resides on what hardware?
• What assets are below specification; and
• What assets are missing?

Short-term asset leasing

This wholly owned service opportunity, rents ICT assets to Clients who are looking for short-term rentals for specific events or business short falls, on a daily, weekly or monthly basis and in most instances on a 24 hour response rate service provision, for:

• Training and development assets for a short period of time;
• Project specific equipment requirements, which by their nature are period specific;
• Conference asset requirements;
• Temporary employees’ utilisation; and
• Bridging equipment for the period whilst Clients are awaiting newly procured assets to arrive.

Bridging, Trade and Bond Finance

Tirage is enabled to facilitate, through its strategic alliance partners, various bridging, trade and bond finance products and services as outlined below.

Bridging finance

Short-term privately funded cash flows for real estate transaction types, which products and services include:

• Seller’s proceeds - Have you sold your property and require access to your proceeds before registration? Bridging finance of up to 80% of your proceeds is available to be used by you for your immediate benefit.
• Rates and taxes - Having sold your property you may need to settle the outstanding rates and taxes on your property, in order for the transfer to be concluded, assistance is provided to you with bridging finance for these expenses.
• Transfer duty and costs -Having purchased a property you can bridge the transfer duties and costs of the transaction.
• Bonds - Assistance is available on advances of up to 80% to you on a further bond or a bond switch to an alternative bank.
• Estate agent commissions - Estate Agents are able to unlock up to 80% of their net commissions due, before the registration of property sales.
• Pension and / or Provident Fund bridging - If your pension and / or provident fund is due to be paid out to you, we are able in most instances to advance to you up to 80% of the payout value, subject to legal terms and conditions.

Invoice factoring

Working capital for businesses is available based on requirements for releasing vital business cash flows, which are all too often tied up in invoices and outstanding debtors, which services include:

Full factoring of debtors

• Total management of a Client’s debtors’ ledger, including the provision of monthly debtor statements, reports, etc;
• Investigations and reports on the credit-worthiness of prospective and existing debtors;
• Up to 75% advances of the debtors book, dependent upon the health and status of the debtors’ ledger; and
• That the facility is disclosed to the Client’s debtor.

Single / multiple invoice factoring

• Single or multiple invoices of a Client may be considered to be factored as required;
• Agreed debtors’ invoices are factored allowing for up to 75% advances, subject to qualifying criteria; and
• This service may be disclosed or “confidential”.

Trade financing

• The complete “cash out to cash in” solution, which enables businesses to increase their working capital by funding the complete operation cycle – provides cash payment or letters of credit to local and foreign suppliers.

Reverse factoring (supply chain finance)

• Reverse Factoring, also known as “supply chain finance”, is an integrated solution where suppliers can source finance for a large percentage of their accounts receivable from the moment they receive an order. The financier receives the full payment from the corporate buyer and then pays the supplier the remaining discounted portion of the invoice.

Bond finance

Access to an in-house credible bond originator assists Clients in applying for bond finance on behalf of Clients, which services include:

• Residential bonds; and
• Commercial bonds.

Additional finance services

The following additional financial services can be facilitated as and when required, including but not limited to:

• Home rescue;
• Debt consolidation;
• Floor plan finance; and
• Mezzanine finance.