Leasing Scenario: Major Fuel Supplier
Business Challenge: A major fuel supplier in the Northeast needed to improve the reliability and ease management of its backup systems. Increasingly stringent customer requirements were forcing the company to replace the storage technology that was backing up the application that ran its entire business, but no IT expenditures were budgeted until the new fiscal year.
Solution: Forsythe created a customized step lease that enabled the company to pay nothing for a set number of months until it had the budget to meet the new lease payment requirements.
Results: Forsythe's flexible lease terms and competitive rates enabled the fuel supplier to implement the new technology they needed to improve the efficiency and effectiveness of its business operations, while reducing overall operating costs. The company can now invest in other business activities rather than tying up its capital in depreciating IT equipment. Additionally, it no longer has to worry about equipment disposal, which can cause significant legal, logistical and financial burden.
