Hickman Shearer, a UK specialist in capital asset valuation, management, and used equipment sales, has launched ValoxPro, a self-service SaaS platform designed to enhance the equipment valuation process.
In a press release, the company said ValoxPro is driven by challenges identified in the asset valuation industry. It said that insights from a pre-launch survey of senior asset managers across leading UK valuation, management, and finance firms revealed several key pain points:
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- Digitalisation is critical: 100% of respondents agreed on the importance of adopting digital tools for business success.
- Outdated valuation practices: 80% of respondents rely on generic depreciation curves that are updated annually, posing a risk in today’s fast-moving market.
- Cost and speed matter: 65% identified these factors as central to the valuation process.
- Competitive pressures: 60% mentioned competition and challenges with residual values as barriers to securing new business.
Key features:
- Real-time data: ValoxPro pulls data from multiple sources, including auctions and invoices, ensuring up-to-date valuations.
- Accuracy: It uses Hickman Shearer’s updated database of replacement costs and industry insights for precise valuations.
- Ease of use: Available on desktop, tablet, and mobile, with comprehensive training and support for users.
- Seamless integration: Easily integrates with existing contract management systems via API.
- Flexible pricing: Offers subscription plans and pay-as-you-go credits, with discounts for annual subscriptions.
Tim Howard, Managing Director of Hickman Shearer, said: “Our platform is continuously updated with real-time data points, ensuring valuations are not only fast but also highly accurate. ValoxPro combines industry trends and Hickman Shearer’s internal data for unmatched precision.”
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