Stretch your cashflow with tailor-made IT rental finance solutions

The world of work has changed drastically, as businesses now mainly operate outside of their physical office locations. Employees having access to the right IT equipment and software is now more crucial than ever. Fortunately there is a way to enjoy the benefits of the latest technology available while minimising expenses and optimising cashflow.

The impact of COVID-19 on IFRS 16 Leasing compliance

Due to the COVID-19 outbreak, which has had a dire effect on many companies worldwide, the International Accounting Standards Board has issued an amendment to IFRS16. This adjustment will make it easier for lessees to account for COVID-19-related rent concessions, such as rent holidays and temporary rent reductions.

Broaden your business horizons with rental solutions

We now offer outsourced rental solutions that allow businesses to propose a competitive, market-leading solution to their clients. As a leasing partner, we have been able to assist our suppliers in providing an additional option to their customers who may not currently be able to afford to buy assets. Take advantage of our unique sub-lease arrangement, where we act as the financier, at no risk to the supplier.

Giving your business’s future a fighting chance

In the current market, it’s essential to conserve cash for core activities during the lockdown. Potential ways to achieve this are reducing non-essential operational expenses and by utilising financial aids. Apart from saving money by reducing expenses, there is another answer: injecting cash into your business.

Looking beyond the lockdown

It’s clear that the COVID-19 crisis is creating tough times for businesses all around the world. Post the current pandemic, most businesses would have lost two or three months’ worth of revenue – which will be exponentially harder to recover from as the world resurfaces from the effects of economic lockdowns.

Five practical business steps to navigate through the pandemic

Following President Cyril Ramaphosa’s recent announcement that the lockdown would not end on 30 April, many South Africans are feeling anxious as no-one knows exactly what the coming months may hold for our country.

The importance of conserving cash

In the current market, it is important to conserve cash for core activities and operational requirements. If you have traditionally paid cash for your IT and other business assets, consider our Sale & Rent Back facilities to ease your cashflow burden and assist your business in both the short and long term.

Protect your business’s most valuable asset in this pandemic

If I had to choose one word to describe South Africans, it would be resilient. Our triumphs over historical struggles and human injustices show that, when faced with adversity, South Africa is a country that comes together during difficult times.

Investing money in technology can be counter-intuitive

Technology is no longer a beneficial business tool – it is an essential one. The constant evolution of soft- and hardware technologies allow businesses to grow in more agile and efficient ways at a rate that was impossible a few decades ago.

Invoices due 01 April 2020

Please note that our entire team will be working remotely during the lockdown, so it will be business as usual. Should you require any assistance or information, please do not hesitate to contact your RentWorks representative via email or mobile, alternatively please email finance@rentworks.co.za