The Future of Equipment Valuation – ValoxPro by Hickman Shearer

Introducing ValoxPro: Revolutionising Equipment Valuation at the Industry Insiders Event

On November 28th, Hickman Shearer proudly hosted this year’s Industry Insiders Event, an engaging gathering of industry leaders, innovators, and professionals. The event also marked the exciting launch of our cutting-edge SaaS solution, ValoxPro, a self-service valuation tool set to redefine how equipment valuations are conducted. We are incredibly grateful to all who joined us for an inspiring day of presentations, networking, and collaboration, capped off with an exclusive tour of the Jaguar Land Rover Factory in Solihull.

The Inspiration Behind ValoxPro

The development of ValoxPro stems from challenges identified across the asset valuation landscape from Hickman Shearer Ltd, a leader in the asset valuation field. The findings were further validated by insights gathered from a pre-event questionnaire gathering industry information from senior level asset mangers across 10 leading valuation, management and finance businesses in the UK. These findings highlighted several critical trends and pain points:

• Digitalisation is paramount: unsurprisingly in this day and age 100% of respondents agreed that embracing digital tools is critical for business success.
• Outdated valuation practices pose risks: While 80% of respondents use generic depreciation curves in underwriting, 100% admitted these curves are only updated every 12 months or less. In today’s volatile market, this lag represents a significant risk to accurate decision-making.
• Cost and speed matter: 65% identified these as key factors influencing valuation processes.
• Competitive pressures persist: 60% cited competition from other lenders and challenges with residual value (RV) or collateral levels as major barriers to writing new business.

These insights confirmed a growing need for a solution like ValoxPro—a platform that ensures valuations are not only faster but also highly accurate, informed by the most up to date market trends and data.

What is ValoxPro?

ValoxPro is Hickman Shearer’s innovative, self-service valuation tool designed to simplify and elevate the equipment valuation process. Built with user needs in mind, ValoxPro combines real-time data integration, advanced technology, and our proprietary expertise to deliver seamless, reliable valuations.

Key Features and Benefits

1. Real-Time Data Integration
   Unlike traditional methods reliant on outdated depreciation curves, ValoxPro pulls data from multiple sources, including auctions and invoices, ensuring valuations align with the latest industry trends and market evidence. With our finger on the pulse of industry events impacting the market, our in house database is updated at least every quarter.
2. Accuracy You Can Trust
   ValoxPro utilises our robust and frequently updated database of replacement costs (RCNs) and industry-specific insights to deliver valuations with unmatched precision.
3. Ease of Use and Training
   To ensure clients are confident using ValoxPro, we provide comprehensive training and ongoing support. Whether it’s technical assistance or valuation advice, our team is here to help every step of the way. The platform itself is incredibly easy to use, having been design with the users experience in mind, and is available in desktop, tablet and phone formats so you can access valuations whether you are on site or in the office.
4. Seamless Integration
   The platform’s API capabilities allow for effortless integration with contract management systems, enabling a smoother workflow and utilising the current system in place within your business.
5. Flexible Pricing
   ValoxPro offers both subscription-based plans (rolling quarterly or annual) and pay-as-you-go credits to suit the diverse needs of our clients. Discounts are also available for annual subscriptions.

Why Choose ValoxPro?

In a competitive market where speed, accuracy, and adaptability are critical, ValoxPro delivers on all fronts. Built to enhance efficiency and reduce risks, the platform empowers businesses to make more informed decisions, faster. Its features will feel familiar to those who’ve used tools such as CAP, while offering enhanced functionality tailored to equipment valuation.

As Managing Director Tim Howard states: “Our platform is constantly updated with real-time data points, ensuring that your valuations are not only fast but also highly accurate. ValoxPro aligns with the latest industry trends, market evidence, and integrates Hickman Shearer’s own internal data.”

Industry Reception and What’s Next

The positive response to ValoxPro during its launch has been incredibly positive, showing ValoxPro is on track to revolutionise the future of asset valuations. From meaningful conversations with industry peers to live demonstrations, it’s clear that ValoxPro is meeting a critical market need.

If you haven’t had the chance to experience ValoxPro yet, we invite you to get in touch and we can show you how it will transform your valuation process. Contact us today to arrange a demo and discover how this game-changing tool can benefit you and your team.

A Closing Thank You

We want to extend our sincere thanks to everyone who attended the Industry Insiders Event and made the day a resounding success. Your enthusiasm and feedback inspire us to continue pushing boundaries in the valuation space.

ValoxPro isn’t just a tool – it’s a commitment to innovation, accuracy, and client success. We can’t wait to see how it helps businesses thrive in an ever-evolving industry landscape.

Experience the Future of Equipment Valuation – Experience ValoxPro.

See our website for more information >> ValoxPro

Book in a demonstration of ValoxPro >> Request a Demo

At Hickman Shearer, we specialise in delivering exceptional RICS and ASA certified capital asset valuation, management, and sales services. Our expertise span a wide range of global industries, ensuring that we provide tailored and insightful commercial valuations and equipment valuation services to meet your unique needs. Find out more here.

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