Innoverne launches Tools-as-a-Service hire programme for The Parts Alliance

Toolhireclub.com an industry first for a Motor Factor Group

READING, United Kingdom – Monday 27th April 2015 – Innoverne, the Circular Commerce specialists, today announced a major national tool hire programme and website development for The Parts Alliance.

Toolhireclub.com is the first tool hire programme launched by a Motor Factor group. The programme provides independent garages and workshops fast, easy and secure access to more than 300 special service tools and equipment covering every major area of service and repair. Standard delivery is as quick as next business day on tools ordered before 4:00pm the previous day.

Toolhireclub’s easy to use website offers three levels of annual subscription – Gold, Silver and Bronze. Hire prices are determined by membership level and the respective capital cost of the tool. With a Gold subscription, rental for tools and equipment worth less than £50 is free.

Paul Dineen, head of The Parts Alliance’s Servicesure Autocentres garage programme, said: “We are really excited about our national tool hire programme and the significant benefits it can bring to the Aftermarket. It’s about speed, convenience and being able to access specialist tools without the traditional costs of ownership. The commercial proposition is hugely attractive, given that tools can be hired for low prices that otherwise would cost thousands of pounds to buy.”

Founder and CEO of Innoverne Julian Thomas, said: “The Parts Alliance is the first Motor Factor group to truly understand that the future lies in being able to ‘access’ tools as opposed to only owning them. Their response is smart and price competitive and will add tremendous value to independent garages and workshops who can’t possibly afford to buy all the tools and equipment they need to service their customers.”

A subscription to Toolhireclub starts from as little as £2 a day. By using Toolhireclub.com members can search for the right tools by VRM look-up, vehicle make, model, OEM part number, engine code or type of work. Both the delivery and collection of tools is free, with insurance premiums also included in the rental pricing.

Innoverne runs the entire Toolhireclub programme on behalf of The Parts Alliance. Innoverne has developed and hosts the Toolhireclub.com website, and will manage customer accounts and subscriptions, tool inventory and storage, security and tracking, packaging, forward & reverse logistics, contact centre support and billing.

Underpinned by Innoverne’s Circular Commerce platform, Toolhireclub.com’s simplicity belies a suite of class-leading technologies and business processes provided by Innoverne. Innoverne’s platform supports hire, collaborative commerce or product-as-a-service propositions. The Parts Alliance’s Toolhireclub programme incorporates:

• Customer and Subscription Management
• Real Time Tool Availability and Order Management
• Asset and Inventory Management
• Product Information Management and Bill of Materials (BOM)
• Order & Returns Management
• Asset Security and Tracking
• Omni-Channel Commerce
• Payment, incl Insurance and Refundable Policy Excess
• Outbound and Return Logistics
• Contact Centre and Customer Service

Backed by HgCapital, the mid-market private equity investor, The Parts Alliance is the UK and Ireland’s largest group of wholly owned and franchised businesses supplying OE and quality auto parts to national and local independent garages and workshops.

For more information visit Innoverne.com, or connect with us on Twitter. Innoverne is privately held with its corporate headquarters in Reading, England.

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For further information:
Chris Hoskin
Chief Marketing Officer
Innoverne
+44 7903 804554
chris.hoskin@innoverne.com

About Innoverne®
Innoverne delivers closed-loop and circular programmes for leading brands, manufacturers, retailers and wholesalers. Using Innoverne’s cloud-based Circular Commerce platform, clients such as Hyundai and Kia have been able to quickly setup and run omni-channel subscription, rental and sales operations.

Innoverne is helping businesses of all sizes to increase yield, enter new markets, turn products into services, run true multi-store / multi-channel end-to-end eCommerce operations, and provide complete reverse logistics solutions.

Innoverne is a member of the Circular Economy 100, a global platform developed by the Ellen MacArthur Foundation to bring together leading companies, emerging innovators and regions to accelerate the transition to a circular economy.

‘Innoverne’, ‘Circular Commerce’ and ‘Hirefox’ are Registered Trade Marks of Innoverne Limited. Other Trade Marks are the property of their rightful owner.

About The Parts Alliance®
The Parts Alliance is a major force in the distribution of parts in the automotive Aftermarket and has the backing of HgCapital, the mid-market private investor with a £2 billion automotive fund.

Consisting of 12 strategically located distributor companies, it specialises in the national and local supply of O.E. manufacturer branded products and support services.

The Parts Alliance customers range from independent garages to multi-branch workshops and fast-fits. The group is synonymous with quality on every level. The Parts Alliance prides itself on forming relationships with world-leading O.E. and matching quality suppliers providing a customer leading tiered offer.

The Parts Alliance also has an extensive business toolbox of sales and marketing support for its customers. The state-of-the-art electronic cataloguing system AlliCat ensures the right parts are identified, picked and delivered.

Source: RealWire