Blok Box can overcome any challenge you may have with equipment leasing and collections. Read our FAQ’s below on how your company can benefit from our revolutionary products.
Leasing, unlike bank financing, is a convenient and far less financially stringent resource for many businesses looking to acquire equipment, and in many cases their credit history has brought them to leasing rather than purchasing. Because of this, the leasing company can dictate terms and conditions, in particular when credit is a concern. The company is most willing to accept those terms for the sake of acquiring the equipment.
In the case of existing leases that default on payments, Blok Box can be retroactively installed as part of a very accepted “field audit”, which is non-threatening even in the worst of circumstances. During this audit, which confirms serial numbers, location and functionality, the Blok Box is added in less than a minute and is presented as a performance enhancement device much like a surge protector. The field auditor suggests that the leasing company wants to protect the equipment and installs this at no cost.
Wireless data transmission does not require the signal strength of voice communications, which demands far greater data transmission and speed. Data transmits at levels where voice would be lost or not even established.
We suggest an equipment minimum value of $5,000. In reality, equipment values range between $15,000 and $250,000, such as production equipment which uses our multi-voltage Blok Box installed as part of manufacturer’s original equipment.
Blok Box is a completely autonomous device, connecting with our Cloud control panel software the moment it has power. It sends confirmation of its status and can be located anywhere.
Whatever status Blok Box was in prior to being unplugged, it will remain in that status until ordered to change by the leasing company.
There are no conflicts with equipment control software or programming because Blok Box is totally self-contained and autonomous, functioning independently of any equipment it’s installed on.