FRAME in more detail
Assessment | Budget
Before deciding whether or not to provide a credit line for the duration of the implementation phase, Rentys works with the client to estimate the total cost of the project.
As part of the FRAME formula, Rentys establishes a framework procurement agreement which gives an estimate of the amount required, how it breaks down into equipment | software | services | consumables etc, the duration of the project, and any future contractual terms (lease payments, length of the lease agreement etc.).
For the duration of the rollout phase the lessee places orders with the suppliers of their choice for the equipment they require. The costs are covered by Rentys.
After each delivery and invoice, Rentys processes the information received (invoices, budget and technical correspondence, etc.) and allocates the costs appropriately.
The advantages of FRAME
A pharmaceutical company wanted to renew their existing IT equipment in a number of their pharmacies. The project was to take place over the course of several months but the order dates, quantities, exact configuration of the equipment and suppliers’ prices were not yet known.