Tech Data Launches Tech Data Capital to Offer Easy Payment Solutions to Customers
CLEARWATER, Fla .– (BUSINESS WIRE) –Technical data today announced the launch of Capital of technological data, a captive finance company that provides payment solutions to help businesses acquire the technology products and services needed to drive growth.
“As technology continues to transform at a record pace, Tech Data Capital provides strategic and flexible financial solutions to enable our partners to close more businesses and bring additional value to their end users,” said Wayne Peters, Vice President of Financial Solutions, Data Tech. “Our channel expertise, focus on customer experience, and support from one of the world’s largest IT distributors make Tech Data Capital an easy choice for businesses that need funding options for the business. ‘purchase of technologies.’
Tech Data Capital offers a streamlined approach to leasing and financing to enable businesses to thrive despite changing market dynamics and demand. A payment solution for any product in the Tech Data portfolio can be integrated into a sale with the help of Tech Data Capital. Transactions are funded for the full term in advance, eliminating credit risk for the channel partner and providing greater customer value.
One of the first vendors to take advantage of Tech Data Capital is Schneider Electric with a subscription power solution called UPS as a Service. With this offering, customers bundle an APC Smart-UPS, a monitoring and dispatching service from Schneider Electric, and a network management card in a single solution and make modest monthly payments to Tech Data Capital during the period of maintenance. This brings value to partners by increasing credit capacity and providing predictable refresh cycles. It also allows customers to conserve capital by eliminating a large cash expense upfront, as they keep abreast of the latest technology.
“We developed UPS as a Service to create more cash flow and accelerate the growth of our partners by expanding their service capabilities and providing predictable recurring revenue,” said Shannon Sbar, vice president of channels, North America. North, Schneider Electric. “Together with Tech Data and Tech Data Capital, we are able to market these benefits with flexible customer financing, providing new business potential for IT solution providers who wish to launch managed service 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 [email protected] or call 800-307-4588.
About Tech Data
Tech Data connects the world to the power of technology. Our end-to-end portfolio of products, services and solutions, our 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, develop and progress. Tech Data is ranked # 90 on the Fortune 500® and has been named one of Fortune’s World’s Most Admired Companies for 12 consecutive years. To learn more, visit www.techdata.com or follow us on Twitter, LinkedIn, Facebook and Instagram.