Tuesday, 1 July 2008

Infor Enters Worldwide Customer Financing Program with IBM

Infor has entered into a new financing relationship with IBM Global Financing, the lending and leasing business segment of IBM, one of the largest IT financier in the world.

With the new agreement Infor’s global customers will be able to finance products from Infor’s entire line of enterprise business software, as well as complementary hardware and services, through IBM Global Financing.

Under the terms of the agreement, Infor’s channel partners can also offer financing to their customers through IBM Global Financing.

“Most organizations today walk a narrow line between preserving day-to-day cash flow and making fiscally prudent investments to improve their business,” said Ng Ka Ming, Vice President, Sales Operations & Business Development, Infor Asia Pacific.

“The expansion of our relationship with IBM will help to make this decision easier.”

Infor expects the new financing relationship to provide several benefits to its customers. For example, organizations can move forward with their technology initiatives while spreading up-front payments over time, conserving cash for other investments. Companies can also put technology to work immediately to establish a stronger competitive edge, rather than delaying until the next budget cycle.

“IBM Global Financing is pleased to align with Infor and its channel partners for the benefit of their rapidly expanding customer base,” said Dan Ransdell, general manager, WW Client Financing, IBM Global Financing.

“Limited access to capital in a tightening credit market is one of the largest inhibitors to enterprise investment today. Simple and flexible financing solutions put technology back within their reach with low up-front costs and regular, manageable payments.”