COVID-19 has placed a profound level of disruption on the education sector with 87% percent of the world’s students impacted by the closure of Schools and Universities. As markets, workplaces and institutions alike begin on the path to recovery, the deficiencies highlighted as a result of COVID-19 should spur innovation in new learning practices.
With the volatility created by the COVID-19 pandemic, many businesses are beginning to consider ways that they can navigate through these precarious times. It is understood that the business impact of COVID 19 will last for some time and that buying behavioural change is already underway*. Organisations are preparing to preserve cash in order to endure volatility in markets.
Greenplate and Quadrent have come together to provide a new, exciting and cost effective way for Councils and other service providers to upgrade BBQ equipment for community use. Greenplate provides state of the art BBQ equipment, and Quadrent enables the equipment to financed in a different, simpler, better way. We're excited about the opportunity to work together to assist local communities as COVID-19 lockdown restrictions ease.
Australian schools and universities are quickly adapting to manage a highly disrupted learning environment in light of the COVID-19 pandemic. Quadrent is working alongside several valued clients in the private education sector to ensure that they have the right credit facilities and leasing agreements in place to access the very best technology for their school now and in the future.
In a world of constant change due to COVID-19, the IASB released an update on 10 April 2020 on how to consider changes that businesses may face with regards to leases. In particular they have focused on payment holidays/concessions that businesses may receive as a result of the impact from COVID-19. The article focuses on the following main considerations:
It is often our experience that C level executives consider IFRS 16 / AASB 16 solely a compliance exercise and as such approach the new standard with a certain reluctance to investing in new systems. Additionally, the complexities associated with IFRS 16 are often overlooked until departments are in the depths of rolling out new business as usual (BAU) practices covering the new standard.
There are many reasons why organisations may choose to lease equipment rather than purchasing outright (using capex).
One of the key reasons is to open up funder diversification (funding flexibility) and simplify the lending process. This blog discusses ways that businesses can tackle their finance needs beyond just a traditional bank lending model.