Tech Data Capital provides partners with flexible payment options and enables them to improve their creditworthiness to address the financial scalability challenges they currently face.
Singapore, May 6, 2024–(BUSINESS WIRE)–TD SYNNEX's Tech Data launches Tech Data Capital in Singapore, Australia and India, offering flexible financing solutions from select financial institutions exclusively to partners and end customers . Following previous launches in North America and Europe, this expansion further strengthens our efforts to leverage Tech Data's strength, agility and expertise in delivering solutions that meet the needs of the channel ecosystem.
As rapid technology change poses significant challenges to business, vendors, distributors, and partners view this channel as a trusted source to validate and extend new technologies and gain guidance and business insights. Many partners are exploring alternative funding sources and enhanced payment solutions to fund business growth, invest in new technology, and meet customer demand. According to the recent Technology Directions for Asia Pacific and Japan (APJ) 2023 report, credit and financial scalability have emerged as key challenges for his 59% of partners in the region.
With Tech Data Capital's value-added payment solutions powered by selected financial institutions, IT channel partners and their clients can expand their overall purchasing power, increase profits, and accelerate the growth of their IT ecosystem. You'll have new ways to do things.
“APJ's technology market is dynamic and competitive, with many opportunities for growth and innovation within the channel, but credit and financial scalability remain challenges,” he said. Matt Shifrin, Chief Financial Officer, Tech Data APJ. “Tech Data Capital's flexible payment solutions work with our financial partners to enable our partners and customers to scale their purchases and operations, helping accelerate business growth while advancing the entire IT ecosystem. To do.”
“Tech Data is committed to business model agility and supporting our partners with the tools essential to their success now and in the future. To help our partners capture growth across the APJ region, we need strong funding Tech Data Capital is one such tool for our ecosystem that provides the financial capacity to respond to rapidly changing business models and evolving customer demands. will be strengthened. ” Jaideep Malhotra, President, TD SYNNEX Asia Pacific and Japan.
Through partnerships with select financial institutions, Tech Data Capital simplifies the funding process, integrates payment solutions into product sales, and allows you to obtain upfront funding for a lifetime. This eliminates partner credit risk and increases customer value. Partners will also have access to a dedicated finance team with expertise, comprehensive training, and an integrated sales team aligned with product marketing and sales teams. Partners will be able to offer financing options such as installments and deferred payments for terms ranging from 12 to 60 months.
Tech Data Capital will be established in Singapore on May 6, 2024 and in Australia on May 16, 2024. The establishment in India will be announced at a later date.
About technical data
Tech Data, a TD SYNNEX (NYSE: SNX) company, is a leading global distributor and solution aggregator for the IT ecosystem. We are an innovative partner for his more than 150,000 customers in more than 100 countries to maximize the value of their technology investments, demonstrate business results, and unlock growth opportunities. His 23,000 colleagues at TD SYNNEX, headquartered in Clearwater, Florida and Fremont, California, will integrate his IT products, services and solutions that attract more than 2,500 best-in-class technology vendors. I'm dedicated. Our edge-to-cloud portfolio is rooted in some of the fastest-growing technology segments, including cloud, cybersecurity, big data/analytics, AI, IoT, mobility, and all-as-a-service. TD SYNNEX is committed to serving our customers and communities, and we believe that by acting intentionally as a respected corporate citizen, we can make a positive impact on people and the planet. We aim to be a diversity and inclusion employer of choice for talent across the IT ecosystem. For more information, visit www.techdata.com/apac or follow us on LinkedIn and Facebook.
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contact address
Jason Loo, APJ Communications Director
jason.loo@techdata.com
