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.
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.
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