Request a Virtual Tour
Request a Virtual Tour

Home Solutions Purchasing Options – RaaS, Lease and Capital Purchase

Flexible Purchasing Options

Tompkins Robotics offers multiple options for the acquisition of the various tSort™ systems. We offer Robots as a Service (RaaS) plans for customers that want to rent a system indefinitely, lease options and capital sales for customers wanting to own a system. We offer a wide range of options for the tSort™ product lines to ensure the best fit for any organization’s financial goals and objectives.

Robots as a Service (RaaS)
Lease
Capital Purchase
RaaS model works much like a rental and Tompkins Robotics maintains system ownership
Customer leases the system through a third party with preferred lease rates
The customer pays for and owns the system
Customer pays a monthly fee for the system – transaction based with a minimum
Any lease payments are deferred until after the final acceptance
Traditional contract with scheduled payments based on project milestones
Monthly fee gives customer full warranty, spare parts, software subscription, remote support, and required onsite services
Lease length can be structured to terms that best fit the customer.  Option for both capital and operating leases – capital lease has right to own for $1 at end of lease, operating lease has right to own for fair market value at end of lease
Final payment made upon full system acceptance
Customer provides the ongoing non-major hardware maintenance and upkeep
Customer provides the ongoing non-major hardware maintenance and upkeep
Customer provides the ongoing non-major hardware maintenance and upkeep
Customer maintains an overall positive cash flow while receiving all qualitative benefits of a system
Ongoing costs limited to annual software service, remote support contract, spares inventory and required onsite services not under warranty
On-going costs limited to annual software service, remote support contract, spares inventory and required on-site services not under warranty
 
Customer still has exclusive rights to system, but modifications would require restructuring of lease
Provides the greatest flexibility to customer, as customer has exclusive rights to system

Robots as a Service (RaaS) Option

RaaS vs Capital Purchase

RaaS offers a subscription-based model that provides a cost-effective, less risky and scalable way to adopt robotics in warehouses and distribution facilities with lower upfront capital requirements. Tompkins RaaS program is explained below.

RaaS
Capital Purchase
  • Pricing: Flexible Pay-As-You-Go Solution
  • Time for Implementation: Weeks
  • Service Support and Maintenance: Included in RaaS
  • Software Upgrades and Fixes: Included in RaaS
  • Spare Parts Packages: Included in RaaS
  • Pricing: Higher Capital Requirements
  • Time for Implementation: Months
  • Service Support and Maintenance: Separate Fee or Self Maintained
  • Software Upgrades and Fixes: Additional Costs
  • Spare Parts Packages: Additional Costs

Note: Determination of how to treat the RaaS or Capital Purchase from an accounting standpoint is up to your accounting/finance team.

Request More Info

Lease Finance Option

The lease option allows a customer to avoid paying for a tSort system as a capital purchase.  This conserves initial cash, spreads the cost over years, and allows ownership at the end of the lease.  Tompkins lease program is explained below.

Basic Structure
Basic Terms
  • Tompkins executes a Statement of Work with the customer
  • Tompkins executes an agreement with the lease firm to get paid in a traditional contract manner with scheduled payments based on project milestones
  • Customer executes an agreement for the actual lease of the system with the lease firm
  • Customer lease payments do not begin until after acceptance of system
  • Operating lease allows system purchase for Fair Market Value at end of lease or return to lessor
  • Capital lease assumes $1 buy out at end of lease
  • Lease covers all assets, software, and services through go live
  • Annual software service, remote support contract and required onsite services not under warranty are not included in lease
  • Customer still has exclusive rights to system, but modifications would require restructuring of lease
  • Lease can be for 3, 5, or 7 years and can be customized if mutually agreed
  • Customer does not start monthly lease payments until system is accepted as per the Statement of Work executed with Tompkins
  • Interest rates are historically low and based upon credit rating of the customer
  • Expansion of a leased system is negotiated and can be a lease or capital purchase
  • Customer provides the ongoing non-major hardware maintenance and upkeep, spares inventory

Note: Determination of how to treat the lease from an accounting standpoint is up to your accounting/finance team.

Request More Info