Sensor supports asset rentals

October 2015 Financial (Industry)

Sensor Finance was launched in May 2015 as the dedicated funding channel for Sensor Security, a Hikvision and Bosch distributor. The company addresses some of the critical funding obstacles of security technology for businesses.

According to Deloitte’s Strategic Risk Survey, “we have seen an increased interest at board-level to manage and understand strategic risk, in fact it has become a priority. At the same time security governance is transitioning from a policing function into becoming more strategically aligned to the business. We believe companies will soon be addressing the impact of security and security technology at board level.”

Sensor Finance financed security technology for 2RM Security at the premises of SAB Newlands.
Sensor Finance financed security technology for 2RM Security at the premises of SAB Newlands.

Sensor Finance offers asset rentals to clients. Rental agreements can be structured over terms of 24 months and up to 60 months. Our transactions are off-balance, which means that businesses can still have their bank credit lines available for other transactions.

The concept of asset rental in the security industry is not new. We have seen some of the bigger security role players incorporating finance into their service agreements, ­facilitating the finance costs and risks themselves. We have offered some of these companies the opportunity to take over the management and risk of the rental agreements as the management of rental and leasing agreements requires specialised skills.

Sensor Finance offers a business solution and not solutions to homeowners or individ­uals. When we assess a rental application the following criteria is taken into consideration:

• How long has the business been in operation?

• Annual turnover (must be above R2 million).

• Credit record.

• Does the rental application support a new tender or business deal for the client?

• Profile of directors / business owners.

Renting benefits a company’s balance sheet. It eliminates depreciation schedules since rental payments are generally line-item expenses on the profit and loss (P&L) statement. By not having equipment debt on your balance sheet, your company is more attractive to financial institutions for other fiduciary needs. Since lease payments are usually treated as a pre-tax business expense, a company benefits by reducing its tax exposure.

There are several advantages of renting equipment:

• No upfront costs.

• Access to a higher standard of equipment which might be too expensive to buy outright.

• Pay for asset over the fixed period of time, which helps to budget for future.

• Spread the cost over a longer period of time and match payments to your income.

The bottom line is that renting minimises demands on cash flow, eases the impact of equipment obsolescence, maintains existing lines of credit and reduces tax liability.

For more information, contact Sensor Finance, Nicolette Maree, +27 (0)21 808 1635,

Share this article:
Share via emailShare via LinkedInPrint this page

Further reading:

Securing ATMs 24/7
September 2019, Hikvision South Africa , CCTV, Surveillance & Remote Monitoring, Financial (Industry)
To be effective, most ATMs need to be in public areas and open all hours, and they hold cash, making them an attractive target.

The safest way to pay
June 2019 , Security Services & Risk Management, Financial (Industry)
Establishing a relationship of mutual trust between a bank and a customer is crucial. It creates a secure foundation, while giving customers the confidence to engage without security concerns.

SIM swap fraud expands
June 2019 , News, Cyber Security, Financial (Industry)
A new wave of attacks targeting financial services and online services have become very common in South Africa and the wider region.

The enemy within – insider ­security threats
May 2019, Wolfpack Information Risk , Editor's Choice, Cyber Security, Financial (Industry)
Insider threats in today’s financial world are insidious and destructive and your defence against insiders should start long before the person assumes his/her position.

Protecting people’s money, and their data
May 2019, Cathexis Technologies, CA Southern Africa, IDEMIA , Editor's Choice, Integrated Solutions, Financial (Industry)
The temptations inherent to the banking sector, and financial institutions more generally, pit them in an eternal and increasingly high-tech battle to secure themselves against threats from within and without.

Access authentication with a wave
May 2019, IDEMIA , Editor's Choice, Access Control & Identity Management, Integrated Solutions, Financial (Industry), Commercial (Industry)
Financial organisations are making the move to contactless fingerprint biometrics in order to meet the increasing burden of regulatory and compliance demands.

Know your customer/criminal
May 2019, ZKTeco , Financial (Industry), Access Control & Identity Management
Biometric facial recognition is becoming the most powerful way to prevent bank robberies and fraud.

Protecting ATMs
May 2019, Secutel Technologies , Perimeter Security, Alarms & Intruder Detection, Financial (Industry)
Secutel Technologies has developed an intrusion detection system called VV Compact for ATM, designed and manufactured in South Africa.

Making cents out of the security mix
May 2018, Cathexis Technologies, Panasonic South Africa, Xone Integrated Security , Editor's Choice, CCTV, Surveillance & Remote Monitoring, Cyber Security, Integrated Solutions, Financial (Industry)
Hi-Tech Security Solutions chats to industry specialists about the security mix, cybercrime and the onslaught of artificial intelligence in the financial sector.

Centrally-controlled branch access
May 2018, Rosslare Security Products , Financial (Industry), Access Control & Identity Management
Turkish bank installs access control and time and attendance solution in branches with central control.