Rosabon offers corporate lease solutions to boost brand, profitability

Recent statistics have shown that companies in Nigeria, on the average spend at least N1.7 billion annually on fleet management and other corporate lease solutions just to be able to address their logistical challenges.

Even at that, combining daily business activities with fleet management operations is becoming an increasingly difficult task for organizations to accomplish these days.

From driver monitoring, legal regulations and safety issues to driver and vehicle management, fleet management is quite a strenuous job on its own and when combined with an organization’s core business, it becomes overwhelming and may amount to a waste of time and resources, slow down production process and ultimately a dwindle in the organization’s profit margin.

However, some organisations are devising smarter ways to address these challenges by seeking competent partners to take care of their fleet management details so they can focus on their core business operations.

Such partnership saves organizations stress, reduce cost, improve productivity and maximize efficiency, leading to organizational growth and improve bottom line.

It was on this background that Nigeria’s Rosabon Financial Services entered the Nigerian market to bridge these logistics gap by offering top notch and affordable operating lease and fleet management services dedicated solely to ensuring adequate partner in managing  company’s fleet.

“This relieves you of daily administrative headaches and costs, whilst leaving you with enough funds to reinvest into your company and grow your core business,” said Rosabon’s Head of Communications, Kehinde Ruth Onasoga.

She said: “For over 23 years, Rosabon has successfully worked with reputable organizations like Huawei, Exxon Mobil, Ericsson, Transocean Sedco Forex, Oando Plc, Samsung Electronics West Africa, Nigerian-German Chemicals Plc in this regard by leveraging current systems and infrastructure to manage their fleet day-in and day-out.

“No matter the size of your fleet, our team of dedicated experts is ready to work with you on the development, implementation and maintenance of an effective fleet management program that will achieve your organization’s financial and operational goals.We make acquisition of these cars on behalf of our customers. No matter the fleet size nationwide.”

She explained that Rosabon takes care of all acquisition and maintenance processes and expenses, including: drivers, paperwork, record keeping, fuel management, license renewals, trackers, insurance, etc.;“getting the whole fleet for your business use, while your organization pays an affordable amount monthly.”

She added that the most interesting part of this partnership is that, “Rosabon Financial Services, in addition, assumes all residual risks that come with running your fleet. This means that at the end of the tenor, we can either dispose of the assets or the client can buy them off.

“This helps to release our clients from the largest single source of uncertainty in operating the fleet – the issue of depreciating vehicle assets from your businesses.”

Like every standard operating lease, Rosabon helps clients secure a contract that allows for the use of an asset, but does not convey rights of ownership of the asset. We provide a unique opportunity for an operating lease which represents an off-balance sheet financing of assets, where a leased asset and associated liabilities of future rent payments are not included on the balance sheet of a company.

With this arrangement, there is no gainsaying that not having to spend a lot of money up front on fleet acquisition and management helps businesses manage their cash flow more effectively and expand speedily.

“Our operating lease packages are usually custom made to suit organization’s fleet needs and budget in a cost-effective manner by taking the stress of fleet management off them. This way, organizations can focus on their core business and increase productivity and profitability”.

Last year, the company clinched the Middle East and Africa, MEA Bespoke Wealth Management Services business award. The award was organised by UK-based publisher, AI Global Media.

The Award which focuses on all sectors and industries recognizes and rewards outstanding works by the Middle East and Africa’s most dedicated and experienced companies.

Rosabon Financial Services , according to a statement was declared winner as a result of its outstanding record in creating tailor made wealth management solutions; the first Nigerian owned company to be awarded such honours in Africa.

Hezron Atunde

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