Tech Data U.S. Strengthens Purchasing Power of SMB Resellers.CLEARWATER, Fla. -- Tech Data Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :TECD TECD Training Equipment Change Directive ) today expanded its financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. offering to include the recently launched IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Flexible Credit, available through IBM Global Financing (IGF (Internet Governance Forum) An international organization of governments and U.N. agencies that was founded to discuss Internet issues such as security and spam. It was created at the United Nations Summit in 2005 after the U.S. ), which makes it easy for resellers to acquire credit lines of $100,000 to $500,000. Tech Data is the first U.S. broadline distributor to offer resellers access to IBM Flexible Credit through its online credit services resource center. By visiting the IGF Flexible Credit Web portal See portal. , resellers can leverage an expedited application and credit approval process to help them acquire financing in minutes. "A major challenge facing many small-to-midsized business (SMB (1) (Small to Medium-sized Business) Also called "SME" (small to medium-sized enterprise), it refers to companies that are larger than the small office/home office (SOHO), but not huge. ) resellers is securing the financing they need to pursue larger business-building opportunities while still having enough credit on hand to support their existing purchasing needs," said Mike Zava, Tech Data's senior vice president, Credit and Customer Services, the Americas. "The addition of IBM Flexible Credit helps solve that by enabling resellers to quickly gain substantial additional credit. By leveraging all the financing tools available through Tech Data, our customers have the purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. they need to succeed." The IBM Flexible Credit offering provided by IGF can be used to finance solutions comprising hardware, software and services from any of Tech Data's manufacturers and software publishers. Resellers receive interest-free financing periods of 30, 45 or 60 days. Like a consumer credit card, unpaid balances accrue at a competitive interest rate per month. Solutions financed through IBM Flexible Credit do not impact resellers' Tech Data credit lines, freeing those resources for additional purchases. "As a small business, we rely on Tech Data's credit services expertise to find the creative financial solutions we need to grow our business," said Shannon Anderson, vice president of operations with GetConnect. "Tech Data's Credit Services team understands the challenges resellers like us face each day. They consistently deliver the financial services and support we can use to fulfill our commitments and capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. new revenue opportunities." Comprehensive Financing Solutions IBM Flexible Credit is the latest IGF offering available through Tech Data, which last summer introduced the IGF SMB leasing program, Financing Advantage, to its customers. Resellers can enhance margins by earning fees for solutions financed through the IGF leasing program. An automated credit-assessment process approves application submissions within an hour and electronically delivers financing quotes and proposals, allowing resellers to present end users with monthly payment options. In addition, Tech Data offers resellers end-user leasing programs through CitiCapital OneLease(SM), GE Commercial Finance and Key Equipment Finance. Tech Data also offers 45- and 60-day terms on select product lines to qualified resellers through GE Commercial Distribution Finance. This enables Tech Data customers to limit the financial impact large purchases and deployments, especially in the networking space, have on their available credit. Participating business partners include: Apple, Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , Enterasys Networks This article or section contains information about scheduled or expected future events. It may contain tentative information; the content may change as the event approaches and more information becomes available. , HP, IBM, Lucent, Mitel, Overland Storage, Symantec and Toshiba. To learn more about the IGF Flexible Credit program available to Tech Data customers, call (888) 464-5429, e-mail techdata@financingadv.com or visit www.techdata.com. About Tech Data Founded in 1974, Tech Data Corporation (NASDAQ GS: TECD) is a leading distributor of IT products, with more than 90,000 customers in over 100 countries. The company's business model enables technology solution providers, manufacturers and publishers to cost-effectively sell to and support end users ranging from small-to-midsize businesses (SMB) to large enterprises. Ranked 107th on the FORTUNE 500[R], Tech Data generated $20.5 billion in sales for its fiscal year ended January 31, 2006. For more information, visit www.techdata.com. |
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