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.

Why are retailers choosing cloud-based software?

Cloud-based software is typically described as: on-demand online software using remote data centres for storage.

This type of software has been around for some time now, but many retailers have been slow to adopt a cloud-based approach for their businesses, opting instead for traditional, fully locally installed software. However, according to research conducted by the International Data Group, 18% of businesses are considering adopting cloud-based software in the near future.

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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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Bricks and Mortar sales surge following April reopening

Despite retailers’ concerns over whether online shopping would continue to dominate once lockdown restrictions began to ease, traditional retail appears to be making a strong comeback.

Following three months of widespread lockdown across the UK, retail sales for April were up 46.3% in comparison to April 2019 (2020 data notwithstanding), according to BRC-KPMG’s retail sales monitor.

UK Head of Retail at KPMG, Paul Martin said:

“Twelve months on from the first lockdown, retailers will be delighted with the way the re-opening of the high street was greeted by shoppers in April, eager to get into stores and engage once more with physical shopping.”

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