Choosing the right novated lease provider will deliver benefits for both employer and employee. The right provider will also ensure the process is seamless with a better outcome.
Offering a novated lease as part of employment benefits helps to attract and keep the right staff. A novated lease on a vehicle can offer tax benefits to employees at no cost to the employer. Choosing the wrong provider may create administrative headaches for both the employee and employer.
It is important to avoid excessive manual handling and confusion in understanding requirements. Worse still, a poorly implemented or managed novated lease can also lead to financial impacts at the end of lease.
Choosing the right provider will deliver benefits for both parties. The right provider will also ensure the process is seamless with a better outcome.
Transparency creates accountability
Supply Clusters provides transparent reporting on Novated Lease through our member portal. Simply sign up to our Standing Offer arrangement with LeasePLUS and your data will be available 24/7. Members have access to all of their data including detail on every single transaction. Join today, offer Novated Leasing to your employees and see all the detail you need to manage your needs:
- Lease Payments by period
- Reporting by vehicle
Things to look out for when choosing a Novated Lease supplier
Some providers are not transparent when providing quotes on novated leases. Make sure the quotes received are clear and enable easy decision making. This will improve the experience for staff.
Keep an eye out for providers who do not provide a full novated lease. A full novated lease takes care of all of the elements of running a vehicle. This can reduce the chance of nasty surprises during and at the end of a lease. Ongoing monitoring and proactive management by the supplier avoids this issue.
In the age of technology, there should be no or minimal manual handling. Finding information should be easy but some providers fail in this area. Ease in finding information and use of technology is a must. This ensures a smooth experience for both the employee and employer.
Better buying outcome
A better buying outcome facilitates both the employees needs as well as the employer. This is critical to a successful novated leasing offer as part of an employee benefits package.
- Smart technology means less time to administer for businesses and better service for employees.
- A high service culture delivers better ease of use.
- Ongoing monitoring reduces the possibility of significant charges at end of lease.
Supply Clusters Offer
Supply Clusters partner with LeasePLUS for all of your Novated Lease needs
Members receive the following benefits from LeasePLUS
- Capped administration fees per month per vehicle
- Reduce the number of vendors and standardise products to maximise savings
- Rebate payable (Premium Members) on administration fees
- Ordering and buying behaviour compliance tools
- On-line portal to access your spend data