IoT gives us the access to control asset usage from anywhere, at anytime – ensuring you are at the top of your client’s payment list. Blok Box capitalizes on this access with patented technology that can transform your business practices and easily magnify on-time payments without increasing collections effort.
The Blok Box system was created to allow lenders and lessors to address credit concerns, control risk exposure, and expand sales opportunities. We’ve designed Blok Box to be easy to install, simple to use, and our programs are flexible to match your needs and to allow you to pass along the cost to your lessees or borrowers.
The program offers Blok Box units at a per-unit cost, with volume-based discounts at various levels. In addition to the unit cost, there is a modest monthly data connection, cloud-based software and product support fee during the entire lease term. It includes access and use of our cloud-based software, technical support, and maintenance of a dedicated sub-site that we will create specifically for your company within our secure cloud based control panel.
The Blok Box IoT program provides leasing and finance companies with instant life-of-lease leverage on any electrical equipment.
It accomplishes this through proprietary cloud software and a wireless device that is installed on the actual asset. Installations may be accomplished through any number of options, including through the leasing company’s own sources, or more conveniently, through a nationwide network of installers.
