Having leased most of its equipment through manufacturers over the last 20 years, a leading financial technology company was confident it was taking advantage of the best option on the market. During a meeting with the company's CFO, Huntington Technology Finance explained how customers often rely on us for more than just financing.
For example, we are routinely asked to evaluate and offer feedback on the viability and quality of products and vendor services our customers are using. We also provide timely updates on industry topics such as tax reform and new lease accounting standards to help customers understand the benefits and implications of these changes.
Intrigued by our industry knowledge and ability to provide impartial guidance, the company’s CFO asked us to review its current leasing arrangements to see if it was realizing the full value of their equipment investments.
Our team went to work and discovered the company was overpaying on its recent network equipment project by 16%. Armed with this information, the company was able to successfully re-negotiate the contract terms with the lessor which saved nearly $500,000 on the acquisition price.