Blok Box is game changing. Read on from our clients who are leveraging the power of IoT with our revolutionary approach to lease collections.
The prestigious seaside country inn known for its gourmet food and baked goods was on a seasonal lease for a number of pieces of the kitchen equipment. They had fallen behind as the inn’s management changed, and communications ended. A Blok Box was installed on the gas oven/range, and an audit of the equipment was done with one of the inn managers present.
A week later the leasing company alerted them that they would have to disable the equipment if the account wasn’t brought current. The conversation was quick, pleasant and the inn fully paid up.
A large beverage canning machine company installed a number of Blok Box units in their production equipment, which proved valuable shortly thereafter.
In one case, after several months of trying to work with the customer, they saw they were getting the run around. The client was warned that the equipment would be disabled if payment arrangements weren’t made. By mid-morning the next day they had been brought current on all past due invoices.
– The CFO is one of Blok Box’s most ardent supporters.
A large-scale printer and 3D printer lease with an architectural firm was continually late pay but was getting farther behind. LSS was asked to install a Blok Box.
During the audit/install process a member of the firm put two and two together because in a few days they called the leasing company to make payment arrangements.
