Fund the assets your business needs. Protect the value they create.
Veriserv helps South African businesses structure access to asset finance and commercial risk cover around their operational requirements and financial position.
Structure finance and risk around the way your business operates
Commercial assets must generate income without placing unnecessary pressure on working capital or exposing the business to unmanaged risk. Veriserv supports businesses with Business & Asset Finance and Risk Management Solutions suited to the asset, its intended use and the client’s operating requirements.
Rather than treating finance, insurance and credit exposure as unrelated decisions, Veriserv considers how each requirement affects the wider commercial position. This provides one accountable point of contact for structuring the requirement, coordinating the application process and reviewing the protection needed around the asset and the business.
Acquire productive assets while protecting working capital
Finance should support the earning potential of an asset without restricting the capital required to operate and grow the business.
Veriserv facilitates asset-based finance for commercial vehicles, trailers, yellow metal, agricultural equipment and other business assets. Each requirement is assessed according to the asset, its expected use, the client’s financial position and the income it is intended to support.
Access to accredited funding institutions allows suitable funding options to be considered beyond a single lender. The Veriserv team assists with preparing, motivating and managing the application, giving the client a structured process and a consistent point of contact.
Where a rental structure is commercially appropriate, Veriserv can submit qualifying requirements to suitable rental-funding providers. This option can include fleet technology such as dashcams and related telematics equipment, allowing the business to access the required solution through a structured rental arrangement.
Protect the assets and operations your income depends on
Appropriate cover helps limit the financial effect of asset loss, damage and liability on the wider business.
Veriserv arranges commercial short-term insurance for fleet vehicles, equipment and other business assets. Cover is considered against the value and use of the assets, the environments in which they operate and the relevant risks carried by the business.
Where Veriserv is involved in the asset finance process, the insurance requirement can be addressed as part of the acquisition process. This helps the client coordinate funding and cover from the outset and maintain alignment as the asset base changes.
Protect cash flow against customer non-payment
A profitable sale can still place pressure on the business when the customer does not pay.
Debtors insurance, also known as trade credit insurance, protects qualifying receivables against specified risks such as customer insolvency or payment default. It can help a business manage exposure within its debtors book and make more informed decisions when extending commercial credit.
The cover required depends on the client’s customer base, concentration of exposure, credit terms and policy conditions. Veriserv assists with arranging appropriate cover and considering suitable credit limits for insured accounts.
Understand the exposure before accepting it
Risk is easier to manage before credit is extended or a commercial commitment is made.
As part of its Risk Management Solutions, Veriserv supports customer vetting and risk assessment for businesses considering new customers, credit exposure or commercial agreements. The purpose is to give decision-makers relevant information before the business accepts the risk.
The review can also consider how finance, insurance and customer exposure affect the wider commercial position. This helps identify gaps that may be missed when each area is managed independently.
Frequently Asked Questions
Discuss your finance and insurance requirements
Tell Veriserv what your business needs to acquire, the purpose the asset must serve and the financial or risk considerations affecting the decision. The team will assess the requirement and recommend an appropriate route for further consideration.
Already have funding and cover in place? Explore Fleet Solutions for greater visibility of vehicle activity, driver behaviour and operational performance.