IBM Provides Ecosystem Financing

An interesting piece just received about how IBM is provide financing for its clients.  Quite a broad opportunity to drive opportunities for growth.

' ... IBM recently announced that it is providing its ecosystem of business partners with $4 billion in financing for credit-qualified clients over a period of 12 months. This financing, available through IBM Global Financing, can make obtaining credit easier and more accessible to enable IBM's Business Partners and their clients to acquire technologies such as cloud, analytics and PureSystems... ... IBM is also launching a new mobile app as another step to simplify the way IBM's Business Partners can apply for financing and gain access to credit within minutes via any mobile device. ... ' 

See their press release for an explanatory infographic, and a video interview with Pete Massiello, President of iTech Solutions and IBM Partner.



Several very interesting examples are given about how small and medium sized companies of very different types have used this financial aid to improve their sales and revenues and drive growth.

' .... "Finding capital for a new business or idea is almost always challenging," said Mark Hennessy, GM, IBM Global Business Partners & Midmarket." As a result, the gap between a promising vision and a business reality appears to be even more of an unbridgeable chasm. With this effort, IBM aims to provide the right foundation and resources to our global ecosystem of partners and clients to ensure that businesses, large and small, have access to the right technologies for success." 

'This financing will be made available through IBM Business Partners including managed service providers, resellers, ISVs, SIs and distributors, from more than 50 countries. In addition, IBM Global Financing can help credit-qualified Business Partners run and expand their business by providing working capital for IT purchases and improve their cash flow by providing financing for accounts receivables. IBM Business Partners can learn more about financing here. ...  '

This post was written as part of the IBM for Midsize Business program, which provides midsize businesses with the tools, expertise and solutions they need to become engines  of a smarter planet. More here.