FinanceFully compliant operating leases
Toucan Computing can offer a variety of financial solutions to help you fund your IT investments during this time of reduced budgets and financial constraint.
Leasing has become an increasingly popular option for schools and colleges as a means of supporting ongoing investment in IT equipment.
We partner with LDF Education, an established finance provider to the education sector and NASBM partner.
LDF’s facilities assist schools, colleges and the academies sector in spreading the cost of essential procurement over a typical 1 to 3 year term, helping to make budgets go further.
Many of our customers continue to lease with us, as they recognise how useful it is to spread costs over three years. They have a rolling plan of reinvestment and avoid large capital expenditure shocks.
Leasing has unfortunately had a bad name in the past, with some unscrupulous suppliers offering schools unfavourable agreements. At Toucan Computing, we offer fully compliant Operating Leases. Our Operating Lease facilities are designed to help you make the most of your allocated budgets by allowing you to split the cost of essential procurement over a more manageable term.
The funding can be used to support a wide variety of equipment requirements from ICT and sporting equipment to photocopiers and mobile classrooms.
Benefits of an Operating Lease include the following points.
- A reputable and well established lessor
- Consideration given to current school accounting requirements
- Competitive lease rates and simple documentation
- Straightforward and easy to arrange terms
- Flexible repayment terms
- Option to include multiple suppliers under one lease
- Equipment can be returned to lessor at the end of the term
We understand education finance legislation and will secure you a deal that adheres to the regulations – whilst still remaining competitive.
CYOD – Choose Your Own Device
Choose-Your-Own-Device is an employee benefit scheme which was jointly set up between an employer and Toucan Computing, to make the very latest technology more affordable for employees. Items such as iMacs, Macbooks, iPads and iPhones can all be purchased using a very efficient salary sacrifice scheme, meaning that goods are bought via manageable monthly deductions directly from wages. Employers in turn benefit from a reduction in their national insurance contributions as well as increased staff loyalty and motivation.
Once the scheme is established it is very easy to manage through a sophisticated, yet easy-to-use, web portal.
If you are interested in setting up a scheme, or you simply require more information, please do drop us an email or give us a call.
Parental Contribution schemes
Many schools have discovered the educational benefits of a 1:1 technology scheme, whereby pupils have continuous access to their own laptop or iPad. The same device is used right across the curriculum and then taken home at evenings, weekends and holidays. These schemes, however, may require parental contributions in order to be sustainable. Toucan Computing has partnered with EDDE, an e-learning specialist, to create a variety of schemes for schools.
The most popular scheme is entirely web-based for ease of administration and offers a complete package of an iPad, case, apps and insurance, for example, along with automatic collection of monthly parental contributions. The school can subsidise the cost of these packages as much or as little as they can afford.
If you are interested in finding out more about how parental contribution schemes work and the various options on offer, please do contact us today for further information.