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Leasing & Financing

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Case Studies

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Higher Education | Technology

IT Refresh Program Elevates School-Wide Sustainability

Fast Facts

Industry

Higher Education

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Organization

Ithaca College, Ithaca, NY

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Client Since

2013

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Equipment Financed

$550,000 in IT and office technology equipment

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Financing Structure

36-month FMV lease

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Industry Specific Fact

Ithaca College is ranked #1 for Best Undergraduate Teaching among the 178 institutions of its kind in the North, according to U.S. News & World Report’s “Best Colleges 2023-2024” issue.

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Industry

Higher Education

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Organization

Ithaca College, Ithaca, NY

Building Icon

Equipment Financed

$550,000 in IT and office technology equipment

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Technology Transformation for Ithaca College

Ithaca College faced a challenge: invest in the most up-to-date technology for staff and students while managing the complexities of updating equipment. Many of the school’s departments held onto old technology for too long, leaving them with obsolete equipment that couldn’t be updated with new services and software. Yet, even those with a disciplined refresh cycle faced inconsistent installation schedules that burdened their IT staff. Ithaca understood the importance of addressing these challenges in a sustainable way, but needed a funding model aligned to their unique objectives.

“We were faced with this problem; people were not happy. We weren’t able to install computers fast enough for them. We had all these obsolete computers that people were still using and we couldn’t push out new technologies or new services because the machines weren’t able to run those programs.”

– David Weil, CIO, Ithaca College

“Leasing has helped us stabilize our technology environment.”

– David Weil, CIO, Ithaca College

Financing Brings Simplicity and Stability to IT Strategy

Ithaca College recognized that an IT refresh program would be an effective way to manage their need for the latest technology while maintaining efficiency for their IT operations. While initially wary about leasing due to the costly fees and complicated documentation often associated with it, their collaboration with First American addressed these concerns. Working together, Ithaca College and First American developed an IT financing program that provided a predictable schedule for campus-wide technology updates with favorable lease terms and a simple end-of-lease process.

A Future-Ready Tech Refresh Program

This new IT strategy set Ithaca College up for a more sustainable future and added stability to their overall technology environment. The program provided reliable access to the latest technologies, predictability with scheduling, and a seamless and responsible way to dispose outdated equipment. Since the program’s implementation in 2013, Ithaca has been able to refresh their technology on a consistent seasonal basis—placing minimal burden on their staff for installation while ensuring they have the latest technology across the institution.

“They have made this a long-term relationship; they have invested in the college and in our success, and it’s been a very good experience.”

– David Weil, CIO, Ithaca College

Technology Transformation for Ithaca College

Ithaca College faced a challenge: invest in the most up-to-date technology for staff and students while managing the complexities of updating equipment. Many of the school’s departments held onto old technology for too long, leaving them with obsolete equipment that couldn’t be updated with new services and software. Yet, even those with a disciplined refresh cycle faced inconsistent installation schedules that burdened their IT staff. Ithaca understood the importance of addressing these challenges in a sustainable way, but needed a funding model aligned to their unique objectives.  

“We were faced with this problem; people were not happy. We weren’t able to install computers fast enough for them. We had all these obsolete computers that people were still using and we couldn’t push out new technologies or new services because the machines weren’t able to run those programs.”

– David Weil, CIO, Ithaca College

Financing Brings Simplicity and Stability to IT Strategy

Ithaca College recognized that an IT refresh program would be an effective way to manage their need for the latest technology while maintaining efficiency for their IT operations. While initially wary about leasing due to the costly fees and complicated documentation often associated with it, their collaboration with First American addressed these concerns. Working together, Ithaca College and First American developed an IT financing program that provided a predictable schedule for campus-wide technology updates with favorable lease terms and a simple end-of-lease process.

“Leasing has helped us stabilize our technology environment.”

– David Weil, CIO, Ithaca College

A Future-Ready Tech Refresh Program

This new IT strategy set Ithaca College up for a more sustainable future and added stability to their overall technology environment. The program provided reliable access to the latest technologies, predictability with scheduling, and a seamless and responsible way to dispose outdated equipment. Since the program’s implementation in 2013, Ithaca has been able to refresh their technology on a consistent seasonal basis—placing minimal burden on their staff for installation while ensuring they have the latest technology across the institution.

“They have made this a long-term relationship; they have invested in the college and in our success, and it’s been a very good experience.”

– David Weil, CIO, Ithaca College

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Financing for What's Next

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