Client success story - Christian Education Network

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. 

Background

Challenge 

The Christian Education Network engaged Quadrent to investigate the provision of a more cost-effective financing solution that included additional operational flexibility. They needed a provider who could operate as a partner, offer a competitive rate and manage the complexity of their upcoming procurement ahead of the 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.

Opportunity

The Quadrent team reduced the Christian Education Network’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 Christian Education Network’s eight different suppliers on its behalf to ensure delivery schedules aligned with the settlement of the transaction.

Outcome

• The Christian Education Network procured the latest technology without needing debt or using critical operational cash reserves.
• The technology enabled them to reach its mission of excellence by ensuring their environment was properly equipped.
• The Christian Education Network 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.
  
  

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