Equipment Finance News Digitalization drives new financing Published: 15th December 2017 Share Digital automation across a range of industries will call for specialist financing methods, including new approaches to leasing, according to research by Siemens Financial Services (SFS). The lender’s study, called ‘Digitalization Productivity Bonus: Sector Insights’, estimates the potential value of digitalization for printing/packaging, automotive, machine building and plastic vertical markets. The automotive sector is set to lead the way, with a global financial boost of up to $270 billion from increased digitalization. The global machinery and equipment industry could benefit by $160.5 billion, global printing by $107 billion and the plastics industry by $61 billion. Next-generation digitalized technology enables manufacturers to improve performance through increased manufacturing productivity, improved planning and forecasting, enhanced competitive capabilities and greater financial sustainability. SFS says this requires specialist financing methods, including pay-to-access/use equipment and technology finance, technology upgrade and update, software finance, pay for outcomes, transition finance and working capital solutions. Pat Sweet Correspondent - Finance Connect Sign up to our newsletter Featured Stories Corporate Member NewsParagon targets further Vendor growth after strong year of expansion NewsEconomic uncertainty hits Dutch leasing market in Q1 NewsMHC and Odessa partner on customer communications for asset finance lenders Equipment Finance
