A Simpler Process for Equipment Purchases During Rapid Growth

An award-winning cloud services company was in high-growth mode, and their rapid expansion presented several potential headaches for the management team.

For each new client account brought in, the company needed to add hardware to support its services. Historically, they purchased and financed the hardware from various vendors, as this gave them fast access to the equipment IT needed. However, managing so many disparate invoices and finance programs was overwhelming—particularly as a growing organization with strained resources.

To continue its growth trajectory without taking on further administrative burden, the company realized a better financing solution could allow them to obtain the needed equipment in a more streamlined and efficient way.

First American worked with the company to customize a master lease line with quarterly takedowns. The lease covered upgrades and expansions to server capacity at the company’s two primary data center locations.

The quarterly lease schedules allowed the client to bundle all equipment orders across multiple vendors into a single invoice, simplifying their accounting procedures significantly. Rather than managing one invoice for every vendor transaction, they now only needed to reconcile four invoices a year.