Payment solutions for
smart technology
Payment solutions for
smart technology

Is your business ready to invest in new smart equipment and the services to support them?

Here are the payment solutions available – and the key differences between them.

Types of equipment and/or services

Smart equipment and professional services.

Smart equipment and technologies.

Professional services funded include consulting, training, installation, maintenance and licenses to implement smart technologies.

How it works

You pay for equipment outright.

Professional services like consulting, training, installation and maintenance may be paid for up front or over time.

You get smart equipment through a Smart Ease Payment Plan – with no initial capital outlay.

The equipment supplier then delivers and/or installs smart equipment and gets paid by Smart Ease.

Available for services only or bundled with smart equipment.

You pay for the equipment and/or services over time.

Your equipment and/or services provider installs equipment, delivers services and gets paid by Smart Ease.

Key reason to choose

You have the capital available to pay for the system and services up front.

You want to update your equipment but want to keep capital free for other projects.

You want to make smart technologies more affordable – for services, equipment or both.

Your business is moving to cloud-based technologies.

Key benefits

Costs less in the long run.

• No up-front cash investment.
• Capital can be invested elsewhere in your business.
• Fast turnaround time from Payment Plan approval to installation.

• No up-front cash investment.
• Convenience – equipment and related services are bundled into one simple payment agreement.
• Capital can be invested elsewhere in your business.
• Fast turnaround time from payment agreement approval to delivery and installation of equipment and provision of services.

Up-front cost

Whole amount

$0

$0

Monthly repayments

Not applicable

Fixed monthly payments

Fixed monthly payments

Typical agreement term

Not applicable

Up to 5 years

Up to 5 years

Instant approval*

Not applicable

For equipment valued up to $150k*

For equipment and professional services valued up to $20k

Who owns the system?

Your business

Chattel Mortgage option
• Your business owns the equipment and it’s on your balance sheet as an asset/liability.
• Claim interest and depreciation as tax-deductible expenses.
Or
• Claim 100% Instant Asset Write-Off if eligible^ until June 2023.
Rental option
• Smart Ease owns the equipment.
• Your business can offer to buy equipment at the end of the term.
• Typically, a fully tax-deductible operating expense.

Where equipment has been bundled with services, your business owns the equipment.

Other considerations

Your business can get approved for smart equipment valued up to $150k without financials.

Your business may be able to claim regular payments as an expense at tax time.

Types of equipment and/or services

Smart equipment and professional services.

How it works

You pay for equipment outright.

 

Professional services like consulting, training, installation and maintenance may be paid for up front or over time.

Key reason to choose

You have the capital available to pay for the system and services up front.

Key benefits

Costs less in the long run.

Up-front cost

Whole amount

Monthly repayments

Not applicable

Typical agreement term

Not applicable

Instant approval*

Not applicable

Who owns the system?

Your business

Types of equipment and/or services

Smart equipment and technologies.

How it works

You get smart equipment through a Smart Ease Payment Plan – with no initial capital outlay.

 

The equipment supplier then delivers and/or installs smart equipment and gets paid by Smart Ease.

Key reason to choose

You want to update your equipment but want to keep capital free for other projects.

Key benefits

• No up-front cash investment.
• Capital can be invested elsewhere in your business.
• Fast turnaround time from Payment Plan approval to installation.

Up-front cost

$0

Monthly repayments

Fixed monthly payments

Typical agreement term

Up to 5 years

Instant approval*

For equipment valued up to $150k*

Who owns the system?

Chattel Mortgage option
• Your business owns the equipment and it’s on your balance sheet as an asset/liability.
• Claim interest and depreciation as tax-deductible expenses.
Or
• Claim 100% Instant Asset Write-Off if eligible^ until June 2023.
Rental option
• Smart Ease owns the equipment.
• Your business can offer to buy equipment at the end of the term.
• Typically, a fully tax-deductible operating expense.

Other considerations

Your business can get approved for smart equipment valued up to $150k without financials.

Types of equipment and/or services

Professional services funded include consulting, training, installation, maintenance and licenses to implement smart technologies.

How it works

Available for services only or bundled with smart equipment.

 

You pay for the equipment and/or services over time.

 

Your equipment and/or services provider installs equipment, delivers services and gets paid by Smart Ease.

Key reason to choose

You want to make smart technologies more affordable – for services, equipment or both.

 

Your business is moving to cloud-based technologies.

Key benefits

• No up-front cash investment.
• Convenience – equipment and related services are bundled into one simple payment agreement.
• Capital can be invested elsewhere in your business.
• Fast turnaround time from payment agreement approval to delivery and installation of equipment and provision of services.

Up-front cost

$0

Monthly repayments

Fixed monthly payments

Typical agreement term

Up to 5 years

Instant approval*

For equipment and professional services valued up to $20k

Who owns the system?

Where equipment has been bundled with services, your business owns the equipment.

Other considerations

Your business may be able to claim regular payments as an expense at tax time.