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De Lage Landen and HP Expand Financing Program

December 20, 2012, 07:31 AM
Filed Under: Vendor Finance News

De Lage Landen (DLL) announced a continued partnership with industry expert Hewlett Packard (HP) to include additional HP products in their extended finance program.  With interest-free, 60 day repayment terms, qualified resellers can now purchase commercial Industry-standard Servers and Software (ISS) SmartBuy products through authorized distributors: Ingram Micro, Synnex and Tech Data, with D&H to follow soon.

”DLL is pleased to build upon a successful program by extending coverage to additional HP products,” said John C. Reed, President, Commercial Finance. “We understand the importance in providing extended terms and additional credit capacity to the Channel.”

The extension of products builds upon the original program, launched in August, and highlights a shared commitment to provide resellers with a financing program to help obtain equipment while increasing profitability.  Through this program, DLL and HP offer resellers the benefits and advantages associated with additional working capital and increased cash flow, as well as 24/7 access to DLL’s state-of-the-art online system, allowing customers to monitor their account and track payments and invoices.

“HP recognizes that many resellers are up against credit obstacles that impede their ability to meet client demands,” said Terry Richardson, Vice President, Channel Sales, Enterprise Group, United States, HP.  “HP’s Extended Finance Program helps partners obtain funds on flexible terms so they can meet client demands without interruption.”

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