Tech Data’s new captive finance company helps businesses fund essential technology purchases and conserve capital with smart payment solutions
CLEARWATER, Fla.--(BUSINESS WIRE)-- Tech Data today announced the launch of Tech Data Capital, a captive finance company that offers payment solutions to help businesses acquire the necessary technology products and services needed to drive growth.
“As technology continues to transform at a record pace, Tech Data Capital provides strategic, flexible finance solutions to enable our partners to close more business and add additional value for their end-users,” said Wayne Peters, vice president of financial solutions, Tech Data. “Our channel expertise, emphasis on the customer experience, and the backing of one of the largest IT distributors in the world makes Tech Data Capital an easy choice for businesses in need of financing options for technology procurement.”
Tech Data Capital offers a simplified approach to leasing and financing for businesses to thrive despite evolving market dynamics and demands. A payment solution for any product in the Tech Data portfolio can be integrated into a sale with the assistance of Tech Data Capital. Transactions are funded for the full term upfront, eliminating credit risk for the channel partner, and providing greater customer value.
One of the first vendors to leverage Tech Data Capital is Schneider Electric with a subscription-based power supply solution called UPS as a Service. With this offering, customers bundle an APC Smart-UPS, Schneider Electric Monitoring and Dispatch service, and a network management card into a single solution and make low monthly payments to Tech Data Capital over the course of the maintenance term. This provides value to partners by increasing credit capacity and providing predictable refresh cycles. It also allows customers to preserve capital by eliminating a large cash outlay upfront as they keep up with the latest technology.
“We developed UPS as a Service to create more cash flow and accelerate growth for our partners by extending their services capabilities and providing predictable recurring revenue,” said Shannon Sbar, vice president of channels, North America, Schneider Electric. “In collaboration with Tech Data and Tech Data Capital, we’re able to bring these benefits to market with flexible customer financing, delivering new business potential for IT solution providers looking to launch managed services offerings. We couldn’t be more excited to help our partners grow, save time and take advantage of new ways of doing business.”
To learn more about Tech Data Capital, email firstname.lastname@example.org or call 800-307-4588.
About Tech Data
Tech Data connects the world with the power of technology. Our end-to-end portfolio of products, services and solutions, highly specialized skills, and expertise in next-generation technologies enable channel partners to bring to market the products and solutions the world needs to connect, grow and advance. Tech Data is ranked No. 90 on the Fortune 500® and has been named one of Fortune’s World’s Most Admired Companies for 12 straight years. To find out more, visit www.techdata.com or follow us on Twitter, LinkedIn, Facebook and Instagram.
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Source: Tech Data