University Turns to Summus for Software Financing
A large higher education facility in Texas needed to get away from escalating software renewal costs. Summus Financial Services structured a multi-year lease with a large discount and locked-in pricing — giving the university fixed annual payments that fit their budget.
Founded over 145 years ago, this institution offers an abundance of programs for undergraduate, master's, and doctorate degrees — serving students across Texas with comprehensive academic and research programs.
Challenge
The higher education facility needed a financing partner that would provide a software-only lease that fit within their tight budget. The software was essential to their operations, and they needed to lock in pricing while managing escalating annual renewal costs that were putting pressure on their budget.
Solution
Summus Financial Services implemented a leasing solution that provided the university with a large discount for the software on a multi-year lease. Committing to multiple years with the provider not only secured them the discount, but also locked in the pricing for the length of the 5-year term — allowing the university to enjoy fixed annual payments that fit within their budget.
By committing to a 5-year term, the university locked in pricing, secured a large discount, and eliminated the unpredictable renewal cost increases that had been straining their budget.
What Summus Financial Services delivered
Ready to explore a leasing solution for your organization?
Our team can structure software-only leases, equipment leases, or bundled solutions — all designed to fit your budget and lock in predictable costs.
Ryan Danielson — 281.766.0172