Reality Finance and Guestline create affordable payment plans for the Hotel sector
- Date: 30 November, 2022
Reality Finance have worked with Guestline since 2018, offering affordable and easy payment plans across their full suite of products and services. During this time, they have secured nearly £1.6 million of funding to Guestline customers and close to £9 million to the hospitality sector in general.
From Guestlines intuitive point of sale tools to fully integrated channel management solutions, their customers have the option to balance their payments monthly, as the solution is being used.
Flexible Funding more crucial than ever
Despite the current financial climate, asset finance solutions are an attractive option for the hotel sector right now:
Paying monthly keeps valuable cash reserves free
Installation, project management and training can be wrapped into the same monthly plan
Customer pays for the solution, as its being used without waiting until they have the funds available
Deferred or seasonal payments available, due to the nature of the industry
Same Day Funding on EPOS Terminals
Fast funding decisions are crucial for the Hotel Sector. Last month Reality financed 26 EPoS Terminals for a Portsmouth Hotel with training and project management wrapped into the same payment plan. Reality were able to provide acceptance and within hours, giving the customer piece of mind they could start using their solution without delay - and without having to dip into vital cash reserves.
Neil Whitear from Reality comments :
I was introduced to this customer by Guestline who were in need of new Epos terminals for their hotel business. The customer was considering paying cash upfront but due to disrupted trading in recent times due to Covid, they felt more comfortable keeping cash reserves for a rainy day. After speaking with the customer, I was able to offer payment terms the same afternoon and documentation was sent out that very day.