IBM is providing IBM business partners worldwide with $4 billion in financing for credit-qualified clients over a period of 12 months. This financing, through IBM Global Financing, can make credit more accessible and easier to obtain, to enable IBM’s global partner ecosystem and their clients to acquire advanced technologies such as cloud, analytics, and PureSystems.
As part of that effort, the Armonk, N.Y-based company has also launched a new mobile app to simplify the way IBM’s business partners can apply for and secure financing for their clients within minutes via any mobile device.
The mobile app will be available in the United States this month and rolled out globally beginning in China in January 2013. The app is designed for contracts worth up to $500,000, depending on the country. This mobile app is based on IBM Global Financing’s simple Rapid Online Financing tool.
IBM’s commitment of $4 billion in financing is designed to eliminate many of the cost barriers facing businesses today. According to the company, IBM Global Financing will offer simple, flexible lease and loan packages, some starting at as low as 0 percent for 12 months with no money down, allowing these businesses to acquire the technology and services they need from IBM and those developed by IBM business partners, while managing their cash flow more effectively. (Rates and availability are based on a client’s credit rating, financing terms, offering type, equipment and product type, and options, and may vary by country.)
This financing will be made available through IBM business partners, including managed service providers, resellers, ISVs, systems integrators, and distributors, from more than 50 countries. In addition, IBM Global Financing can help credit-qualified business partners run and expand their businesses by providing working capital for IT purchases, and improve their cash flow by offering financing for accounts receivable. This initiative builds on the $1 billion in financing that IBM Global Financing made available through IBM business partners for small and midsize businesses in 2011.
For more information on IBM Global Financing, go to www.ibm.com/financing.
