TD Synnex Offers Flexible Financing with New Financial Services

TD Synnex is rolling out a new range of financial and leasing services for the UK. The distributor said the offerings are a more flexible way to pay for customers. The company will deliver the solutions through a new entity, TD Synnex Capital, the disti’s captive finance arm.

TD Synnex designed the solutions to integrate into the technology partner ecosystem. This makes it simpler to offer financing options as part of the sales process.

A payment solution or tech-as-a-service option for any product in the TD Synnex portfolio can integrate into a product sale. It will be funded for the full term upfront, eliminating credit risk for the channel partner and providing customer value, TD Synnex said.

Partners can offer technology solutions with monthly, annual or quarterly payments over the course of a pre-defined term. This helps customers with asset management, and benefits the partner by increasing their credit capacity and establishing a predictable refresh cycle.

TD Synnex Capital Expansion Coming Soon

The TD Synnex Capital solutions are now available in the UK and will roll out across Europe in the coming months for B2B customers.

TD Synnex’s Wayne Peters

“The expansion … in Europe will allow our reseller partners and vendors in the region to offer more flexible payment and leasing solutions to their clients. They can also engage on a transactional or even more strategic, programmatic level,” said Wayne Peters, global VP, financial solutions, TD Synnex.

“Having our own captive finance company allows us to provide an exceptional customer experience from quote to funding, which is our top priority. This is the next step in delivering a truly integrated, global approach to the TD Synnex channel.”

David Watts, SVP and managing director, UK and Ireland, TD Synnex, agreed.

TD Synnex’s David Watts

“As customers continue to digitally transform, there is more pressure on partners to provide alternative ways to pay for new technology. TD Synnex Capital gives partners the tools to offer a robust financing and leasing portfolio without added risk or cost. What we are saying to partners is ‘let our money work for you,’” he said.

Watts said the solutions were backed by one of the world’s largest IT distributors.

“We are confident that TD Synnex Capital will be the first choice for businesses in need of financing options for technology procurement.”