Many organizations need to acquire IT systems, equipment and related components on a regular basis.  They also recognize the financial benefits of leasing vs. owning for some of their needs.  However, the frequency of their needs over time can make leasing any of it extremely cumbersome and difficult to manage. 
 
Quarterly Takedown Leases
Quarterly Takedown (QT) Leasing directly addresses these challenges by enabling organizations to acquire equipment quickly and as needed while accruing costs on a single Lease Schedule.  Lessees can place hardware, software, maintenance and even professional services on a QT Schedule.  Each schedule closes at the end of a three month period.  This can be a calendar Quarter (3/31, 6/30, 9/30 & 12/31) which is most common.  However, you may want the flow different to coincide with your fiscal year or other requirement.  It’s totally up to you.  With this system, a customer that issues anywhere from 1 to 25+ orders a quarter can decide what they want to lease and manage it on a single Lease Schedule.  
 
How Quarterly Takedowns Work
Solarcom Capital submits a QT Proposal to customer for review and approval based on the customers  expected purchases for the following quarter.  The customer is under no obligation to use all or any of the line of credit Solarcom Capital establishes for them.

• Customer executes a Solarcom Capital Master Lease and a two-page QT Letter authorizing Solarcom Capital to place authorized purchases on a QT Schedule
• Customer orders equipment, software and services as needed from Solarcom Capital or 3rd Party Vendors
• Solarcom Capital processes and pays all 3rd Party invoices on behalf of the customer 
• Solarcom Capital closes each QT Schedule at the end of each quarter 
• Solarcom Capital totals all costs and calculates lease payment figures per up-front Proposal terms 
• Solarcom Capital issues a complete set of Lease Documentation to Customer for validation and execution 
• Customer receives monthly lease payment invoices from Solarcom Capital

Quarterly Takedown Benefits

• Provides a turnkey structure to finance a stream of IT needs (large and small cost items) over time and on   single QT Schedule 
•  Dramatically reduces the amount of Lease Schedules and paperwork customers need to manage
•  Customer can elect to source equipment from both Solarcom Capital and/or 3rd Party Vendors
• Solarcom Capital manages, processes and pays all Vendor invoices throughout the QT Period
• Purchase Orders are not always necessary– Customer may communicate order to Solarcom Capital representatives
• Solarcom Capital orders equipment and/or issues the Purchase Order(s) to customer-designated 3rd Party Vendors 
• Customer is not subject to any minimum lease dollar amount in any one Quarter
• Customer can elect to close a QT Schedule at any time during the Quarter