Tech Data, a TD SYNNEX Company, has recently launched Tech Data Capital in Singapore, Australia, and India. This new initiative aims to provide flexible financing solutions to Tech Data’s partners and end-customers, powered by selected financial institutions.
In today’s rapidly changing technological landscape, vendors, distributors, and partners are turning to the channel as a reliable source to validate and scale new technologies. However, many partners face challenges when it comes to credit and financial scalability. To address this, Tech Data Capital offers value-added payment solutions that allow IT channel partners and their clients to extend their overall purchasing power and accelerate the growth of the IT ecosystem.
“With Tech Data Capital’s flexible payment solutions, we empower our partners and customers to scale their purchases and operations, facilitating accelerated business growth while propelling the overall IT ecosystem forward,” says Matt Shifrin, Chief Financial Officer of Tech Data APJ.
The partnership between Tech Data Capital and selected financial institutions simplifies the financing process for partners. Payments can be integrated into product sales and funded for the full term upfront, eliminating credit risk for the partner and providing increased customer value. Additionally, partners gain access to dedicated financial teams, comprehensive training, and integrated selling resources.
Tech Data Capital offers various financing options, including installment payments and deferred payments, with terms ranging from 12 to 60 months. This enables partners to invest in new technologies, meet customer demand, and fuel business growth.
The launch of Tech Data Capital in Singapore and Australia marks another milestone for the company’s efforts to leverage its strength, agility, and expertise in delivering solutions that cater to the needs of the channel ecosystem. The launch in India will be announced at a later date.
Tech Data, as a leading global distributor and solutions aggregator, is committed to empowering its partners with business model agility and the tools essential for success. Through Tech Data Capital, partners can enhance their financial capacity to address rapidly changing business models and evolving customer demands.
For more information about Tech Data and its offerings, visit www.techdata.com/apac.
Tech Data Capital’s new financing solutions come at a time when vendors, distributors, and partners are increasingly relying on the channel to validate and scale new technologies. One of the main challenges faced by partners in this process is the lack of credit and financial scalability. Tech Data Capital aims to address this by offering value-added payment solutions that allow IT channel partners and their clients to extend their overall purchasing power and accelerate the growth of the IT ecosystem.
The partnership between Tech Data Capital and selected financial institutions simplifies the financing process for partners. By integrating payments into product sales and funding them upfront for the full term, credit risk for the partner is eliminated, and customer value is increased. Partners also gain access to dedicated financial teams, comprehensive training, and integrated selling resources.
Tech Data Capital offers various financing options, including installment payments and deferred payments with terms ranging from 12 to 60 months. This enables partners to invest in new technologies, meet customer demand, and fuel growth in their businesses.
One key advantage of Tech Data Capital’s financing solutions is that they provide partners with the flexibility to scale their purchases and operations, facilitating accelerated business growth. By leveraging Tech Data Capital’s offerings, partners can enhance their financial capacity to address rapidly changing business models and evolving customer demands.
However, one potential disadvantage of relying on financing solutions is the additional cost associated with interest or fees. Partners should carefully evaluate the financial implications before opting for these solutions and consider if the benefits outweigh the costs.
Overall, Tech Data Capital’s new financing solutions offer an attractive opportunity for IT channel partners to overcome financial challenges and facilitate business growth in the rapidly changing technology landscape.
For more information about Tech Data and its offerings, visit Tech Data APAC.
Sources:
– Tech Data APAC