Tech Data U.S. Expands Credit Services
With New 60-Day Financing And Leasing Programs
TDCreditServices also announces immediate availability
of zero-percent financing for HP solutions now through April 30
CLEARWATER, Fla. (Feb. 9, 2009) â€" Tech Data Corporation continues to help IT resellers access the credit services and financial capital they need to close deals and maximize the profitability of each sale. The company announced more of its vendor partners are offering free, extended 60-day terms, while a new leasing program will enable resellers to more easily structure monthly payment plans for their end-user customers.
"Resellers are already experts when it comes to educating their customers on the ROI potential of the latest IT solutions," said Tech Data Director, Creditâ€"SMB Accounts Scott Tillesen. "Given the current state of the economy, however, resellers also need to familiarize themselves with all the financing options available to them and their customersâ€"including leasing and floorplanningâ€"to help overcome cautious spending behavior. A solid proposal that demonstrates real ROI and makes sound financial sense is hard to ignore in any economic situation."
Through third-party financing partners GE Capital Solutions, IBM Global Financing, Castle Pines Capital, and De Lage Landen Financial Services, Tech Data and participating vendor partners offer resellers free, extended financing. These floorplanning opportunities provide resellers with more time to pay for purchases, which offers greater flexibility when it comes to collecting payment from customers or leveraging their own capital for other critical business needs. These financing services are available to resellers in addition to their net-terms account with Tech Data, helping them grow their businesses while expanding their purchasing power.
For example, Cisco resellers now can partner with Castle Pines and TDCreditServices to secure 60-day terms on all Cisco hardware and services purchased through Tech Data. This provides resellers with the financing they need to pursue new and larger Cisco deals, while preserving their net-terms account with Tech Data to support other IT purchasing needs.
Fujitsu and Kaspersky recently partnered with TDCreditServices and GE Capital Solutions to provide resellers 60-day terms for their products. Other vendors offering 60-day terms through Tech Data and GE Capital Solutions include: Fortinet, HP, Lexmark, Lucent, SonicWALL and Sony.
Tech Data expanded its leasing services by establishing a partnership with CIT Technology Financing Services Inc. Through CIT, resellers can offer monthly billing as an alternative form of payment for IT products and services instead of presenting customers with a single, large purchase order. CIT enables resellers to build leasing agreements consisting of hardware, software and services from any Tech Data vendor partner. With CIT, resellers also can create lease payments for service-only agreements, including offerings from Tech Data's managed services partners and TDOnCall technical services providers.
Valuable Financing Opportunities For HP Resellers
Tech Data today also announced resellers have access to HP Financial Services' zero-percent financing options through TDCreditServices. The programs can be used to finance select HP hardware, including desktops, notebooks, servers, storage, HP ProCurve networking, printers, scanners and MFPs. Now through April 30, resellers can offer their customers a broad array of HP solutions with 12-month or 36-month zero-percent lease rates for deals ranging from $1,500 to $150,000. The program enables resellers to offer their customers compelling incentive to purchase HP solutions at an attractive rate, while they obtain full payment from HP Financial Services within 30 days.
Through Tech Data and its financing partners, resellers have access to a broad array of credit services that enable them to preserve and strengthen their purchasing power, operate more efficiently and enhance profits. These services include net terms accounts with Tech Data, leasing, free extended-terms financing through floorplanning, and assignment of proceeds. Additionally, Tech Data's online bill pay system, TDDirect Pay, enables resellers to easily and securely review, prioritize and pay all open invoices with the distributor via the Web free of charge.
Resellers interested in learning more about TDCreditServices can call 800-237-8931, ext. 77470, send e-mail to firstname.lastname@example.org or visit www.techdata.com/credit.
About Tech Data
Tech Data Corporation (NASDAQ GS: TECD) is one of the world's largest distributors of technology products from leading IT hardware and software producers. Tech Data serves more than 100,000 IT solution providers in over 100 countries. Every day, these value-added resellers depend on Tech Data to cost-effectively support the technology needs of end users, including small and medium businesses (SMB), large enterprises and government agencies. Ranked 105th on the FORTUNE 500(R), Tech Data generated $23.4 billion in net sales for its fiscal year ended January 31, 2008. To learn more, visit www.techdata.com.
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CONTACT FOR MORE INFORMATION:
Jarred LeFebvre/Tech Data Corporation
727-539-7429, ext. 86261