Flexible Biometric Solutions
Advanced time & attendance
Unlock workforce efficiency with high-volume, flexible biometric time and attendance solutions in South Africa—advanced fingerprint and facial recognition systems deliver secure , real-time tracking and seamless payroll integration. That’s why we offer a flexible hardware rental option—giving you all the benefits of our advanced Time and Attendance solutions, with minimal financial risk.
In-House Rental Direct from BioSyn
We believe access to powerful biometric technology shouldn’t be held back by large upfront costs. Our In-House Rental option is designed to keep things simple. Get quick access to the tools your business needs.
Ideal for:
- Small to medium-sized businesses
- Projects with changing timelines
- Clients who want direct support with minimal admin
- Fixed-term options
- Low setup costs
- Fast approval and onboarding
- No credit checks required for smaller deals
- Optional add-ons and upgrades during the rental term
Benefits:
- Quick turnaround time
- More flexible terms than traditional financing
- Ongoing support and maintenance included
- Equipment replacement or upgrades available during or after the rental term
- Our team ensures your unit is kept in top working condition.
- Need an upgrade or a newer model? We’ll work with you to keep your solution current.
Requirements
- Signed rental agreement
- Debit order authorization
- Company registration and ID of signatory
Rental Terms at a Glance
- Initial Term: 24-month rental contract
- Renewal: Automatically renews on a monthly basis after the initial term
- Ownership: All rented hardware remains the property of BioSyn
- Cancellation:
- You may cancel after the initial term, provided all units are returned in good condition.
- If canceled during the initial contract period, a full settlement of the remaining term is required.
- Care & Maintenance:
- Devices must be treated with care
- Warranty does not cover malicious or intentional damage by employees or staff.
- BioSyn reserves the right to inspect returned devices upon cancellation.
Bank-Financed Deals For Larger-Scale Projects
For larger deals, financing is available through registered banks. The bank owns the equipment during the 12, 24, or 36+ month term. Once the term ends, the hardware is upgraded under a new agreement, and the original units are returned to BioSyn.
Suitable for:
- Larger businesses or enterprise projects
- Clients with longer project scopes
- Finance-approved businesses seeking tax benefits
Benefits of Bank-Financed Options:
- Preserve Capital: Allows businesses to invest in cutting-edge biometric technology without upfront capital expenditure.
- Flexible Terms: Choose repayment terms that suit your budget (12, 24, or 36+ months).
- Hardware Refresh Cycle: At the end of the term, equipment is replaced with newer models, ensuring you stay up-to-date with the latest technology.
- Tax Benefits: Monthly payments may be fully tax-deductible as an operating expense (consult your tax advisor).
- Simplified Budgeting: Predictable monthly costs make it easier to manage cash flow.
- No Ownership Risk: The bank holds ownership during the finance term, which can reduce liability for asset management.
Required Documentation:
- To process a bank-financed deal, the following documents are typically required:
- Company registration documents (CIPC certificate)
- Valid tax clearance certificate
- Bank statements (3–6 months)
- Latest annual financial statements
- Signed debit order mandate
- Identity documents of business directors
(Additional documentation may be required depending on the bank’s assessment.)
Feature Comparison: In-House Rental vs Bank-Financed Deal
| Feature | In-House Rental | Bank-Financed Deal |
|---|---|---|
| Approval Time | Fast (1–3 days) | Moderate (up to 2 weeks) |
| Documentation | Minimal | Standard finance docs |
| Flexibility | High | Medium |
| Tech Refresh Included? | Yes | Yes |
| Ownership | BioSyn (during term) | Bank (during term) |
| End of Term | Renew / Upgrade / Buy | Upgrade and Renew |
| Ideal For | SMEs / Projects | Larger Companies |
Not sure which option suits your business?
Contact our team for a free consultation to discuss your Rent Cutting-Edge Biometric Hardware needs. We specialize in drafting effective agreements tailored to help enterprises plan the best fit for their goals and budget.