Financial Terms
Glossary

Lease Purchase

Formal

A Capital Lease (see definition) that specifically allows the customer a right to purchase the equipment at the end of the lease period. Therefore this is a form of Hire Purchase - with all the risks of ownership vesting with the user. Reported 'On Balance Sheet'.

Informal

A brand new name for companies for the old Hire Purchase agreement used to buy products on the 'never never' - i.e. by long term credit.

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.