SAP Business One for Equipment Leasing

In the equipment leasing industry, it is critical to have an in-depth understanding of your business operations across the entire organisation, which includes finance, sales, leasing contracts and operations as well as fixed asset inventory management. Read on to see how SAP Business One for Equipment Leasing can help you to manage your entire leasing business to optimise efficiency.

The main requirement of equipment leasing companies is to reserve and set aside leased equipment for customers and to keep track of equipment location and status. While keeping track of such data on manual spreadsheets may be doable in the first couple of years, doing so in the long run is inefficient due to business expansion and rising customer demand. Without a deep insight into your leasing operations and efficiency, it is difficult to pinpoint specific areas or stages for process improvement and in the long run, this may limit business growth and profitability.

Another critical requirement is to accurately account for fixed assets – it can be tedious to not only manage the movement of hundreds of equipment but also account for their lease rates, customer billing, depreciation schedule and write-down. Such manual and repetitive work processes have a high susceptibility to errors and missing data, resulting in inaccurate and unproductive reporting.

To eliminate these issues and increase productivity, a growing number of equipment leasing businesses choose to upgrade to a fully integrated equipment leasing ERP system, providing them with more accurate insights into their business operations.

SAP Business One for Equipment Leasing

SAP Business One is a powerful ERP software solution that automates and manages your entire business – from finance, sales and CRM, leasing contracts and operations as well as fixed asset inventory management.

At Inecom, we specialise in implementing equipment leasing templates and solutions that are seamlessly integrated with SAP Business One. These templates reduce the time taken to implement your equipment leasing ERP software and helps you achieve rapid ROI on your systems investment.

Our templates are built-into SAP Business One to help you gain greater visibility over your sales processes, plan and manage resources effectively and drive higher profitability. Your management team and key decision makers will get a deep insight into the full facets of your business and be better equipped to make macro business decisions.

Our equipment leasing template includes these functions;

- Leased Assets Management
- Asset Accounting – Acquisition, Depreciation, Disposal
- Lease Rates – day, week, month
- Lease Contracts
- Reservation of Resources
- Tracking of Resources
- Billing Schedule
- Deferred Income Accounting
- Write Down of Leased Assets
- Fixed Asset Analytics & Reporting
- Integration with PEPPOL InvoiceNow (Optional)

Customers who are using our equipment leasing templates;

- Leasing of IT Infrastructure – Procurri Corporation
- Leasing of Cranes – Asiagroup Leasing
- Leasing of Scaffold – Instant Access Systems

SAP Business One with PSG Grants – Up to 70% funding support

The Singapore government is strongly supportive of local Small and Medium Enterprises (SMEs) digitising their operations and moving towards an Industry 4.0/ Smart Nation initiative – one of the support schemes available is the Productivity Solutions Grant. Under PSG, the grant funding covers up to 70% of the qualifying costs, capped at $30,000.

Inecom offers the following 5 PSG pre-approved packages for SAP Business One:

- Package A – 3 Cloud Subscription Users
- Package B – 3 Perpetual Users
- Package C – 5 Cloud Subscription Users
- Package D – 5 Perpetual Users
- Package E – 8 Perpetual Users for Project Industry

Eligibility criteria for applicant companies:

- Business entity that is registered/incorporated in Singapore.
- At least 30% local shareholding.
- Company’s Group Annual Sales Turnover of not more than S$100 million, or Company’s Group Employment Size of not more than 200 workers.
- Purchase/lease/subscription of the Equipment or IT Solution must be used in Singapore.

Click here to find out more about our other industries: Wholesale Distribution, Manufacturing, Project Costing and Service and Repair.