Rapid financing app to help IBM business partners close more deals

• Access to RM1.58 million in financing; minimum transaction size of RM20,000
• Partners can package IBM and non-IBM hardware, software and services to offer clients

IBM has announced the availability of IGF Rapid Financing app that it said can produce quotations and generate financing proposals on the spot.

IGF Rapid Financing is a web-based app targeted at IBM business partners and is available on the iOS, Android, Windows and BlackBerry platforms.
 
The app can process queries from a minimum transaction size of RM20,000 (US$6,240) to contracts worth up to RM1.58 million (S$500,000), IBM said in a statement.

The app is not limited to IBM-only solutions. Partners can package non-IBM hardware, software and services with IBM’s product range and offer it to their clients as part of the financing proposal, the company said.
 
More than 10 partners in Malaysia including Avnet Malaysia Sdn Bhd and Vision IT Sdn Bhd have piloted the app and are using it to produce quotations and proposals for their clients.

“This is an excellent business-to-business app that will allow us to respond faster to the needs of our business partners,” said Avnet Malaysia general manager Chiew Yue Lam.
 
“The indicative monthly payments allow clients to plan and reach a decision that will in the end accelerate the success of all parties,” he said.
 
Vision IT vice president Elwin Lim said, “IGF Rapid Financing App is an extra conversational starter. The app cuts down on waiting and response time.
 
“The availability of this app various mobile platform allows our sellers the ability to show the clients immediately the affordability of our recommended solution,” he added.
 
Last November, IBM Global Financing announced US$4 billion in financing available to IBM business partners and their clients. This financing will enable credit-qualified clients to better afford technology solutions, including solutions provided by these partners, to help them innovate and grow, the company said.

IBM Global Financing offerings are provided through IBM Credit LLC in the United States and other subsidiaries and divisions worldwide to qualified commercial and government clients.
 
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.
 
Interest continues to accrue on deferred payments.  Non-hardware items must be one-time, non-recurring charges. Services are financed by means of loans.
 
Other restrictions may apply. Rates and offerings are subject to change, extension or withdrawal without notice and may not be available in all countries.

For more information on IBM Global Financing, please visit www.ibm.com/financing.
 
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