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Flexible finance solutions



 
R&D Logo R&D Logo

Introducing

R&D

For engineering firm R&D, investing in future growth was a priority. The business already had 200 employees spread over eight countries, but was seeking a flexible finance solution so that future technology acquisitions could be fully-optimised.

Challenges

Their headache

Previously, they purchased IT equipment with cash and often used the devices over a prolonged period of time. This meant that most of the equipment ended up being worthless at the end of its lifespan and needed to be disposed of.

 

Their increasing growth meant that there was a need to acquire more, and better, equipment. And because the company wanted to invest in this continued growth, they were keen to avoid tying up liquidity with large capital purchases. All of which led them to engage with us.

 

When we met R&D initially, they lacked an overview of their IT portfolio and this meant that they didn’t have full oversight of exactly what equipment they had and who was using it.

Solution

How we helped

The asset management portal that we introduced provides them with a comprehensive overview, offering clarity and control, and contributes to fewer unnecessary IT acquisitions.

 

The financing, which is part of the operation and the monthly leasing services, gives R&D savings on their IT budget, which makes the procurement of new equipment more flexible. And the resale value of the equipment is recognised in their lease payment, avoiding risk around loss of value. These savings are all used to invest in better quality equipment, and this helps to further support the business’ growth.

 

And our commitment to sustainability really aligned with the business too. It’s a genuine priority for R&D and they’re keen to be seen as a sustainable company. We defined a lifecycle strategy for their IT equipment, ensuring that they were able to reduce their e-waste and demonstrate their commitment to their CSR objectives.

Our Happy Clients

In their own word

We save money by using 3stepIT, and the savings made have allowed us to buy better equipment and invest in our growth. Financing will be a part of the operation, making it healthier for our economy, and also from a planning perspective.

Emil Jensen
Chief Financial Officer, R&D