“It is critically important that we co-create PPU solutions with our vendor partners, as these solutions are very data driven. The key is to support equipment dealers in offering a wider range of services to customers that go beyond solely supplying new products.ĭata and digitalisation will be critical to success, he adds. Potential strategic paths include pay-per-use products or used asset finance, as part of support for the circular economy, which prioritises repair, reuse and recycling of assets to keep materials in use for longer and avoid waste going to landfill.Įvery industry sector can benefit, with some being further ahead than others, such as the copier market where pay per use (PPU) has been embedded as a finance option for years. DLL’s total portfolio balance grew by 3% to €37.4 billion. His comments come as DLL reports strong results for the 2021 business year, with net profits of €586 million, a 226% increase on the prior year amid both portfolio and income growth. This creates opportunities for financial solutions linked to sustainability.” “We analysed the outlook among our major global vendors, and they all have the same view on sustainability of which is that we need to become a more sustainable world and we all play a part in achieving that ambition. Sustainability is a common thread linking global markets, he says. He is responsible for the company’s commercial strategy and global business activities in eight key industry sectors covering food, agriculture, office technology, construction, transportation, industrial, healthcare, and clean technology, with each sector having its own unique potential. That is the message from Tom Meredith, Chief Commercial Officer at international asset finance partner DLL, as it focuses on supporting businesses with equipment, technology, and software to help them grow. Sustainability equals opportunity in the global green economy and companies that adapt will be the first to thrive during the pandemic recovery. This article originally appeared in Asset Finance International
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