HP Extends Finance Program for Partners
PALO ALTO, Calif. -- HP today expanded its HP Extended Finance Program, which provides flexible financing options for partners to increase profit potential when purchasing and reselling HP products.
Value added resellers (VARs) are faced with challenging economic conditions that impact the availability of funds and limit growth opportunities. HP offers flexible financing options that enable partners to increase cash flow and working capital, enhancing their purchasing power as well as aligning their cash cycles to client demands.
“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 fulfill client needs without interruption.”
The HP Extended Finance Program has been expanded to include commercial Industry-standard Servers and Software (ISS) SmartBuy products, making it even easier for partners to do business with HP and successfully compete in the small to medium-sized business (SMB) market.
The HP Extended Finance Program allows qualified resellers(1) to purchase HP solutions to fulfill client orders with interest-free, 60-day repayment terms. All business is transacted through select participating distributors,(2) and qualifying purchases automatically receive 60-day payment terms from one of the top four selected financing vendors, giving partners a choice of competitive programs.(3)
This initiative builds upon the original HP Extended Finance Program, launched in August, which provides 60-day interest-free payment terms for qualified resellers on eligible HP Printing and Personal Systems (PPS) products, including all commercial HP SmartBuy products, mono MFP printers (PL C5), color MFP printers (PL ST) and scanners (PL 4X).
Additional information about the HP Extended Finance Program is available from local representatives.
(1) Program is open to Non-DRC Tier 2 resellers in the United States.
(2) Participating distributors include D&H, Ingram Micro, Synnex and Tech Data.
(3) Participating HP Finance Vendors include De Lage Landen, GE Capital, IBM Global Finance and Wells Fargo Capital Finance.
This news advisory contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance, market share or competitive performance relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the competitive pressures faced by HP’s businesses; the development and transition of new products and services (and the enhancement of existing products and services) to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its customers, suppliers and partners; the protection of HP's intellectual property assets, including intellectual property licensed from third parties; integration and other risks associated with business combination and investment transactions; the hiring and retention of key employees; assumptions related to pension and other post-retirement costs and retirement programs; the execution, timing and results of restructuring plans, including estimates and assumptions related to the cost and the anticipated benefits of implementing those plans; expectations and assumptions relating to the execution and timing of cost reduction programs and restructuring and integration plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2012 and HP’s other filings with the Securities and Exchange Commission, including HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2011. HP assumes no obligation and does not intend to update these forward-looking statements.
© 2012 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.
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© 2016 HP Inc. The information contained herein is subject to change without notice. The only warranties for HP Inc. products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP Inc. shall not be liable for technical or editorial errors or omissions contained herein.