Success Story: Cornell College

Flexible Lease Line Enables Long-term Strategic Planning

Lease Line

 

School:
Cornell College

Program:
Lease Line Facility Program

Project:
Technology Refresh, HVAC, Phone System, AV Equipment, Kinesiology Lab, Building Renovations

Financing:
Lease Line

Additional Resources:

 


Challenge:

The IT strategy at Cornell College had consisted of numerous, disjointed equipment purchases being tracked and managed across multiple departments. If a problem arose on campus, a solution was determined first, and then funding options would be considered. This reactive approach was time-consuming and inefficient, often resulting in delayed start times or abandoned projects, and impeded the College’s ability to plan effectively.
 

Solution:

A more comprehensive approach was needed to fund key projects, provide proactive replacement cycles, and facilitate more empowerment across departments. With the help of First American, Cornell College now enjoys a consistent rate, a consistent availability of funds, consolidated invoicing, and maintains its ability to choose vendors. This in turn allows projects to start sooner, simplifies implementation and documentation, and provides flexibility in funding various types of equipment. Cornell College has since created and executed a long-term, strategic IT plan that operationalizes its equipment budget and aligns financing with the useful life of its assets.

"You can plan long-term on the strategic aspect, but then you also have to be able to respond in a nimble fashion to the tactical things that pop up that you’re never going to be able to plan for."

Jeff Gibson
CIO

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