Tech Data, a leading global distributor and solutions aggregator for the IT ecosystem, is excited to announce the launch of Tech Data Capital in Singapore, Australia, and India. This expansion brings flexible financing solutions, in collaboration with selected financial institutions, exclusively to Tech Data’s partners and end-customers in the Asia Pacific region.
Recognizing the significant business challenges faced by vendors, distributors, and partners in the rapidly evolving technological landscape, Tech Data aims to provide a reliable source for validating and scaling new technologies. The availability of alternative financing sources and enhanced payment solutions has become crucial for partners looking to fund their business growth, invest in new technologies, and meet customer demands. In fact, according to Tech Data’s recent Direction of Technology 2023 Report for Asia Pacific & Japan, credit and financial scalability remains a key challenge for 59% of partners in the region.
By leveraging Tech Data Capital’s value-added payment solutions, IT channel partners and their clients now have access to new ways of extending their overall purchasing power. This empowers them to increase profits and accelerate the growth of the IT ecosystem. Matt Shifrin, Chief Financial Officer of Tech Data APJ, emphasized the significance of this launch, stating, “Tech Data Capital’s flexible payment solutions will empower our partners and customers to scale their purchases and operations, facilitating accelerated business growth while propelling the overall IT ecosystem forward.”
Jaideep Malhotra, President of TD SYNNEX, Asia Pacific & Japan, highlighted the commitment to empower partners with business model agility and essential tools for success. He stated, “Robust financing is an urgent need for partners to capture growth across the APJ region. Tech Data Capital is one such tool that will enhance their financial capacity to address rapidly changing business models and evolving customer demands.”
Through its collaboration with selected financial institutions, Tech Data Capital simplifies the financing process by integrating payment solutions into product sales and funding them upfront for the full term. This eliminates credit risk for partners while providing increased customer value. Additionally, partners gain access to dedicated financial teams with expertise, comprehensive training, and integrated selling alongside product marketing and sales teams. They can offer financing options such as installment payments and deferred payments, with terms ranging from 12 to 60 months.
Tech Data Capital will launch in Singapore on May 6th, 2024, followed by the launch in Australia on May 16th, 2024. The launch date for India will be announced in the near future.
Tech Data remains committed to maximizing the value of technology investments, demonstrating business outcomes, and unlocking growth opportunities for its customers worldwide. With their latest expansion of Tech Data Capital, partners in the Asia Pacific region can look forward to enhanced financial capacity and accelerated business growth. For more information, visit www.techdata.com/apac or follow Tech Data on LinkedIn and Facebook.
Tech Data’s introduction of innovative financing solutions in the APAC region comes at a time when partners and end-customers are facing significant challenges in the rapidly evolving technological landscape. According to Tech Data’s recent Direction of Technology 2023 Report for Asia Pacific & Japan, credit and financial scalability are key challenges for 59% of partners in the region.
The launch of Tech Data Capital in Singapore, Australia, and India aims to address these challenges by providing flexible financing solutions in collaboration with selected financial institutions. This initiative will enable partners to fund their business growth, invest in new technologies, and meet customer demands. By leveraging Tech Data Capital’s value-added payment solutions, IT channel partners and their clients will have access to new ways of extending their overall purchasing power, increasing profits, and accelerating the growth of the IT ecosystem.
One advantage of Tech Data Capital’s financing solutions is the elimination of credit risk for partners. By integrating payment solutions into product sales and funding them upfront for the full term, selected financial institutions simplify the financing process and provide increased customer value. Partners also gain access to dedicated financial teams with expertise, comprehensive training, and integrated selling alongside product marketing and sales teams.
Tech Data Capital offers financing options such as installment payments and deferred payments, with terms ranging from 12 to 60 months. This flexibility allows partners to tailor their financing arrangements to their specific needs.
While the introduction of innovative financing solutions is a positive development, there may be potential challenges or controversies associated with Tech Data Capital. One challenge could be the need to carefully assess the financial risk involved in extending credit to partners. The selected financial institutions collaborating with Tech Data will need to ensure that appropriate risk management measures are in place.
Additionally, there may be controversies surrounding the terms and conditions of the financing options offered by Tech Data Capital. It will be important for partners to thoroughly review the terms and consider the long-term financial implications before entering into any financing agreements.
In terms of market trends, the demand for flexible financing solutions is expected to continue to grow as businesses in the APAC region seek ways to fund their technological advancements. The availability of alternative financing sources and enhanced payment solutions will play a significant role in enabling partners to scale their purchases and operations, facilitating accelerated business growth in the IT ecosystem.
Overall, Tech Data’s introduction of Tech Data Capital in the APAC region provides partners with an opportunity to overcome key challenges related to credit and financial scalability. The availability of flexible financing solutions has the potential to drive business growth and unlock new opportunities for partners in the Asia Pacific market.
For more information about Tech Data’s innovative financing solutions and their expansion in the APAC region, visit www.techdata.com/apac.