- 7 February 2005 10:11
IBM targets Small Business and gives power to Business Partners with new financing program
Sydney, Australia 7 February 2005: IBM today launched IBM Financing Advantage (IFA), a new financing program for Business Partners* to make IT financing simpler, faster and more responsive for Australia’s small and medium businesses.
The new program offers competitive rates, a simplified rate structure and a credit approval so fast that, in most cases, contracts are delivered within one business hour for deals up to $150,000.
The program is applicable to both IBM and non-IBM hardware, software and services. It includes training and incentives to help Business Partners with new facilities that will enable them to independently obtain quotes for their small and medium business (SMB) customers at any time.
“IFA has been developed because our Business Partners gave us a clear mandate to simplify and speed the process of obtaining financing so that small and medium businesses could rapidly acquire all of the technology they need,” said Frank Keenan, General Manager IBM Global Financing ANZ.
“These changes will improve the ability of IBM Global Financing (IGF) and our Business Partners to quickly deliver IT financing solutions to our clients.”
For Australian businesses, IBM Financing Advantage can help to lower their total cost of ownership, preserve credit and cash for strategic core investments, and increase their flexibility in the marketplace. IBM’s financing options can also help SMBs to eliminate hardware obsolescence and equipment disposal issues, and offset the cost of new IT using Global Asset Recovery Solutions.
“By financing with IBM, SMBs have a partner throughout the lifecycle of their technology investment,” Mr Keenan said.
IBM Financing Advantage will be part of the IBM Express Portfolio™ of hardware, software, services and financing offers that are designed to meet the specific needs of SMBs in Australia.
About IBM Global Financing
IBM Global Financing, the world's largest information technology financier, has an asset base of nearly $36 billion and delivers financial services to 125,000 clients in more than 40 countries. IBM Global Financing offers businesses of all sizes flexible leasing and financing programs that enable them to acquire hardware, software, services and on demand business solutions from IBM and other vendors.
“Business Partner” is used informally and does not imply a legal partnership. IBM, the IBM logo and Express Portfolio are trade marks or registered trade marks of International Business Machines Corporation in the United States, other countries, or both. Other company, product or services names may be trademarks or services marks of others. (c) Copyright IBM Australia Limited 2005 ABN 79 000 024 733. (c) Copyright IBM Corporation 2005. All rights reserved.