Client success story - Education
Quadrent enables Education customers to acquire the latest technology and equipment that teachers and students need whilst preserving cash and avoiding large upfront Capex payments. This case study demonstrates how we delivered value in a meaningful way for this Education customer.
Quadrent recently worked with a private school of over 1,200 students, located on the Central Coast of New South Wales. The school’s mission is to strive for excellence, and this extends to the equipment it provides to students and staff.
In 2019, the school engaged Quadrent to investigate the provision of a more cost-effective financing solution that included additional operational flexibility. The school needed a provider who could operate as a partner, offer a competitive rate and manage the complexity of their upcoming procurement ahead of the 2020 school year.
This complexity included managing previously paid components of the procurement that needed to be converted to a leasing arrangement. The assets were primarily laptops required by the students for the school year ahead.
The Quadrent team reduced the school’s financing costs by making a residual investment in the equipment. This residual investment resulted in a lower interest rate than what would be available via traditional channels such as a bank loan. Further, Quadrent liaised with the school’s eight different suppliers on its behalf to ensure delivery schedules aligned with the settlement of the transaction.
- The school procured the latest technology without needing debt or using critical operational cash reserves.
- The technology enabled the school to reach its mission of excellence by ensuring their environment was properly equipped.
- The school has complete confidence that they will proactively know what they pay and when, and what their financing options are during and at the end of the term.
At Quadrent, we provide our clients with software solutions designed to manage and report on leased assets. We work to deliver long-term cost-savings across your organisation and assist with all facets of equipment finance needs, from providing operating leases to asset management, IFRS 16 compliance and reporting. Our world-leading LOIS solution is designed to assist in creating a robust process that effortlessly guides you in accounting for all leases to maintain compliance with IFRS 16 and uncover hidden ROI savings within Leasing.
Discover how leasing can be a cost-effective and efficient way to access and manage the assets your business relies on.