Technology Sponsored by Technology Lendscape and Findustrial forge partnership Published: 10th October 2024 Share Steve TaplinManaging Director at Lendscape Lendscape, a global leader in secured finance technology, has announced a strategic partnership with Findustrial, a specialist in Pay-per-Use and Equipment-as-a-Service (EaaS) models. This collaboration aims to unlock new revenue streams by offering flexible, data-driven financing solutions that adjust based on actual asset usage. By integrating Lendscape’s next-generation asset finance platform with Findustrial’s expertise, the partnership delivers a comprehensive, “plug-and-play” solution for lenders and businesses looking to innovate in the asset finance space. The new solution, which is cloud-native and API-first, allows businesses to offer clients equipment financing based on actual usage rather than fixed monthly payments. This is especially valuable in industries where asset utilisation fluctuates, such as manufacturing, construction, and automation. Transforming asset finance with flexibility and efficiency The partnership promises numerous benefits for both lenders and clients: Flexibility: Lenders can tailor and automatically adjust financing based on real-time usage data. Scalability: The cloud-native platform grows with business demands, making it suitable for various industries. Speed to market: Lendscape and Findustrial’s combined expertise ensures quick setup and deployment. Efficiency: The solution offers seamless management of hire purchase and leasing, with integrated monitoring tools. Visibility: Clients can track asset utilisation through an online portal, improving transparency. The “Pay-Per-Use” financing model is highly adaptable, offering options such as leasing, credit, or rental. This flexibility enables businesses to align payments with the actual benefits gained from asset usage, enhancing customer satisfaction and loyalty. Additionally, leasing rates can automatically adjust: if usage decreases, payments are reduced to a minimum threshold; if usage increases, rates rise to a predefined maximum. A win-win for businesses and clients With this partnership, Lendscape and Findustrial aim to provide solutions that cater to a wide range of industries. Whether a company is dealing in machine tools, robotics, recycling systems, or other industrial equipment, Pay-Per-Use models offer a competitive edge by turning fixed costs into variable ones and creating predictable recurring revenue streams. Both companies emphasize that this partnership is about more than just technology—it’s about transforming how businesses approach asset finance. By moving from traditional one-off sales to dynamic, usage-based models, they are helping businesses increase flexibility, grow their customer base, and drive sustainable revenue. Lisa Laverick Editor - Asset Finance Connect Sign up to our newsletter Featured Stories TechnologyLendscape appoints Gareth Evans as Chief Revenue Officer Conference ReviewsVAMOS unveils Lucero: Transforming financial services with AI Technology iVendi and Close Brothers Motor Finance form new partnership