iData first to market with financial services for the channel
iData Distribution, leading distributors of automated identification and mobile computing technologies for the reseller market, has announced an industry first with the launch of iData Financial Services, giving partners and their customers the ability to use tomorrow’s money today.
iData’s Financial Services offering will increase its channel partners flexibility, giving them the capability of offering their customers access to cost effective credit options.
The product offering brings together a complete financial solution, which can include hardware, software, insurance and support services, in a single monthly or quarterly payment.
Channel partners can now go to their customers with a attractive financial services option.
These benefits include protected cash in unpredictable economic conditions, up to 20% saving on direct credit line usage, consolidated assets on a single rental schedule, greater financial control with fixed rental plan and reduced cost ownership by keep non-incoming generating assets off the balance sheets.
Due to the rapid evolution of automated identification and mobile computing technology, there will always be a need for refreshed products and services.
Previously, the technology life cycle was seven to eight years, compared to current updates every four years or less.
iData’s financial offering gives partners and their customers the ability to refresh technology and hand back assets without further obligation, and refresh with the latest product or application at a lower rate.
Heinrich von Solms, MD of iData Distribution, says, “iData Financial Services gives partners the tools and resources to better meet their customers needs, helping them to grow without the burden of cash flow restrictions.
“Customers fear being left behind, particularly when it comes to technology and product development. When a new product or application hits the market, it is essential to have a facility that allows customers to keep abreast of technology with a flexible upgrade programme that won’t squeeze the bottom line,” explains von Solms.
Depending on the customer’s requirement, there are a range of different structures, with terms from 24 months to 60 months and payments made quarterly or monthly.
iData Distribution has partnered with a leading South African banking group to provide residual based operating leases for the automated identification and mobile computing market.