IBM Expands Vendor Financing Options for Manufacturers and Suppliers of Non-IBM Equipment, Software and Services

IBM Expands Vendor Financing Options for Manufacturers and Suppliers of Non-IBM Equipment, Software and Services

IBM (NYSE: IBM) today announced that it is expanding its vendor financing scope by offering financing capabilities to non-IBM manufacturers and suppliers in fast-growing industries. IBM Global Financing (IGF), the lending and leasing arm of IBM, will work with these companies to develop working capital financing, inventory financing and extended payment agreements to improve their access to and use of capital to drive incremental customer sales. It is one of the largest extensions of IBM’s Global Financing business since the company first began offering equipment leases on IBM PCs and servers in the mid-eighties.

“As companies become more globally integrated and trade efficiencies become more critical, IBM is making a difference by helping manufacturers and suppliers more actively manage their working capital to unlock money trapped in their supply chains,” said John Callies, general manager of IBM Global Financing. “IBM is expanding its business scope to provide a platform of commercial and client financing offerings to business partners and other companies to achieve their business goals in both our primary IT domain and in adjacent market spaces.”

According to IDC Research Director, Technology Financing & Management Strategies Joseph Pucciarelli, as IT technology continues to grow in sophistication, other types of equipment have become increasingly IT-centric such as point-of-sale devices, medical imaging equipment, and communications hardware. Together, he says they fuel a worldwide-wide leasing and financing market that exceeds $125 billion annually — an incredible market opportunity by every measure.

Some of the key areas currently being investigated by IBM Global Financing include the Industrial, Communications and Distribution sectors. Through these vendor financing arrangements, IGF will work with manufacturers, suppliers, resellers and other companies to help them create further competitive differentiation and increased business value for their customers

Read the complete Press Release