Why Leasing is a Sound Investment

Never has the preservation of working capital been so important in retail. After over a year of lockdowns, restrictions and curbs to free movement (not to mention Brexit!), conserving cash has been a priority for every UK business owner. However, restrictions have also meant that businesses have had to invest in new equipment to ensure covid-19 safety for their employees and their customers, including screens, hand sanitizer and queuing solutions, among other safety measures. If you have had to invest heavily in covid-19 related safety solutions, you may have put your requirements for new EPoS hardware on the back burner, but have you considered leasing your new EPoS equipment?

At RMS we understand that retailers want the latest EPoS technology but that budgets may be tight. That’s why we offer leasing through Bluestar. Leasing helps to spread the cost of EPoS installations, enabling retailers to implement premier technology with low monthly payments.

Leasing is a recognised financial tool which aids cashflow and offers many other financial benefits:

  • Benefit from having the equipment immediately – harvest the benefits of new technology immediately, while paying for it later
  • Leasing converts a larger capital expenditure figure into instalments – pay in small monthly amounts
  • Lease rental is 100% tax deductible – write off your payments as direct operating expenses and claim VAT back
  • No need to depreciate your equipment – your equipment doesn’t sit on your company’s balance sheet so there is no need to depreciate it as an asset
  • Flexible terms – RMS and Bluestar offer terms from 2 to 5 years and you can upgrade or settle at any point during the term of the lease
  • Leasing is an alternative to credit – leasing does not affect your existing lines of credit
  • Various solutions available – RMS and Bluestar offer finance lease, hire purchase and loans
  • Finance your entire EPoS solution – you can finance your equipment and all associated services

So if you are considering upgrading your EPoS hardware but want to conserve your cash reserves, why not take a look at our leasing options. Click here to obtain an instant lease quotation.

Retail footfall continues to grow as warm weather and public holidays create perfect spending conditions

Recent figures on high street footfall around the UK show a rise of nearly 12% week-on week since the warm weather began, while out of town shopping centres saw between 2% and 9% increase, indicating the return to the high street is now in full swing.  And, if you’re based in a tourist hot spot, it gets even better with a rise of between 24% and 38% in retail footfall in the last couple of weeks.

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What’s the cost of a Queue?

Always a tricky balance for retailers – not enough staff and there’s a queue, too many and you are wasting money. In this article we look at the causes of a queue and some of the things that you can do to reduce or even eliminate queues.

What is the cost of a queue?

Whilst there are a few hot tech and training shoe releases that absolutely love a queue and the social buzz that they create, the reality is that most retailers lose 10% of footfall due to queues and waiting times in store. In fact 26% of customers who walk out of a store will discontinue their purchase journey completely.

A queue is a sign that the operation is not working properly and is something to be avoided. A few years ago, customers were more accepting of a queue, but nowadays customers can vote with their mouse and simply head online.

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Retail jargon buster – part 1

Retail Jargon Buster

Do you know your show-rooming from your drop-shipping or your m-commerce from your social selling?

In the ever-changing world of retail technology, keeping up to date with the jargon in today’s retail sector can be quite a challenge. New retail terms pop up all the time, so to help you keep pace with the changing technology and the terminology, we’ve compiled a list of just some of the latest retail terms.

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