Client Success Story – Private School

Background

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.

Challenge

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.

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 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.

Outcome

  • 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.
New call-to-action