News


Stone launches new long-term PC rental scheme

18 January 2012

Stone has developed the UK education sector's first long-term PC rental scheme, specifically designed to enable schools to invest in new ICT hardware via their revenue rather than capital budgets.

The Rent-a-PC scheme and the access to these alternative funds will enable schools and colleges to provide and sustain a high level of ICT availability, despite the anticipated budget cuts in 2012.

Rent-a-PC allows schools to break away from the standard procurement processes that rely on access to substantial capital budgets, including traditional one-off investments and operating leases. PCs can now be rented from Stone for a period of three years, during which time, devices can be returned, upgraded or swapped out at any time, subject to a 90 day notice period.

A recent survey of UK ICT decision-makers carried out by independent market researchers, Redshift Research, on behalf of Stone, revealed that 49% of the ICT decision makers surveyed were unaware of the differences between an operating lease and a rental agreement, with 29% of the opinion that a rental agreement appeared on the capital budget balance sheet. In addition, 13% were unaware of any alternative financing options. Stone aims to reduce this lack of awareness and understanding of the availability of and mechanics of a leasing agreement, and therefore empower ICT decision makers to make informed decisions on how to get the best ICT support for their school or college.

Commenting on the Rent-a-PC scheme, James Bird, Chief Executive of Stone, says: "The Education sector is under increasing pressure to reduce expenditure but simultaneously increase access to ICT in the classroom. It therefore falls to the IT industry to be innovative with their offerings and proactively provide finance options that are flexible enough to meet the diverse needs and particular pressures of the education sector. We believe that the Rent-a-PC scheme provides a viable solution to the challenges schools and colleges shall be facing in 2012."

Rent-a-PC is supported with the dedicated Stone customer service offering, developed in tandem with customers, to implement a flexible agreement suiting the institutions' individual needs. Educational institutions can also opt for additional support resource where necessary to supplement any resource gaps that may exist internally.

Bird continues, "We understand that every school has its own unique set of circumstances and ICT requirements. Our offerings encompass a 'partial' support package, scaling all the way up to a full remote or onsite Managed Service. Our support operates on a prescriptive basis, reducing the complexity of deploying support resource and guaranteeing a clear statement of what service levels educational institutions can expect. Dovetailing into customers' existing way of working, we seek to complement their existing ICT service, combining a support offering that is relevant to their needs and the needs of their students."