Xerox Expands Financial Services Program with PEAC Solutions

Xerox and PEAC Solutions expanded their partnership for the provision of certain leasing and financial services programs to Xerox’s FITTLE network of independent dealers and resellers.

Under the terms of a recently completed agreement, PEAC Solutions will provide support on lease agreements originated by Xerox’s FITTLE network of independent dealers and resellers in the U.S. PEAC will provide a range of services, including elements such as sales/origination support, credit underwriting, contract document review, funding and the administration of lease agreements, including accounts receivable and payment services.

“In January, Xerox announced its entry into a forward funding agreement with PEAC Solutions. This expansion brings the company’s processing power, digital tools and responsive customer service to our dealer and reseller partners, extending the value of the business FITTLE has built over the last several years,” Nicole Torraco, president of FITTLE, said. “This move also enables Xerox to focus on delivering more targeted and specialized financial services programs to the Xerox distribution network and their clients.”

“This welcome expansion of the leasing program is a direct outcome of the strong collaboration that PEAC Solutions has developed with Xerox and FITTLE over the past year,” Bill Stephenson, global CEO of PEAC Solutions, said. “It reflects their confidence in the execution capabilities, customer focus and innovative products of PEAC Solutions. We look forward to delivering further value to the dealers, resellers and their clients as we continue to grow this valued strategic relationship with Xerox.”

Xerox and PEAC are also exploring partnerships in Canada and the EMEA region.

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