Publicly Traded Data Storage Company
Publicly Traded Data Storage Company
There were multiple challenges encountered while reviewing a publicly traded cloud computing/data storage company as a new Optimus client.
Client challenges included:
- The need to assess both the financial, and operational aspects required to build a world class equipment leasing program.
- Calculate the true all-in cost, and risks associated with leasing IT equipment and other assets.
- Select the best leasing companies to meet their lease capital requirements.
- Model lease vs. buy scenarios to make ever-changing data-driven decisions.
- Ensure finance, treasury, procurement, tax, and other departments within the business are aligned on capex finance strategy.
Optimus solved the challenges by:
- Reviewing, analyzing, and reporting on pricing, terms, and other KPIs to assess the current leasing program.
- Interviewing stakeholders to formulate options that delivered cost savings and mitigate risk.
- Developing a tangible model for making lease vs. buy decisions in the future.
- Delivering more than $2.5 million dollars in hard savings which resulted in the discontinued use of poor lease providers.
Key Benefits:
After being hired, Optimus identified leasing interest rates that were 84% to 113% over market! Correcting this, going forward, resulted in year-one savings of more than $2.5 million with more to follow!
