Tech Data launched Tech Data Capital, a captive finance company that offers payment solutions to help businesses acquire Tech Data technology products and services.
“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,” Wayne Peters, vice president of financial solutions at Tech Data, said. “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.”
Through Tech Data Capital, a payment solution for any product in the Tech Data portfolio can be integrated into a sale. Transactions are funded for the full term up front.
Schneider Electric was one of the first vendors to leverage the Tech Data Capital platform, as it created 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 monthly payments to Tech Data Capital over the course of the maintenance term.
“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,” Shannon Sbar, vice president of channels in North America at Schneider Electric, said. “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.”
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