Financial Terms Glossary

Finance Lease

Formal

(also known as a 'Capital Lease') A lease where the user owns the equipment at the end of the lease period OR Lease term represents more than 75% of the useful life of an asset OR The current worth of future rentals is greater than 90% of the asset's value.

Informal

A contract or an agreement, with an intimidating title, that is effectively a loan to secure the use of a business asset. A form of 'hire purchase' or a 'capital lease' which is similar to raising a loan to buy a car - with the loan secured against the asset. See Capital Lease 'funny' definition.

What we do

At Shark Finesse we have developed an enterprise-grade cloud application to help businesses standardise and simplify their value engagements across the entire customer journey.

Shark, a business value engagement platform used by 1000’s of customer-facing teams globally (e.g. pre-sales, sales, value teams, and customer success) is easy to use, intuitive and usable directly with the customer to negotiate the likely business returns from investing in a solution.

By adopting the Shark approach you will fundamentally transform conversations with new and existing customers, close more business, and differentiate from the competition.
Find out how

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Phone
+44 (0)1256 338635
Address
Grove House, Lutyens Close
Basingstoke, Hampshire
RG24 8AG, UK