Operating in more than 40 countries around the world, IBM Global Financing is the world's largest Information Technology (IT) financing company. An autonomous worldwide division of IBM Corporation, IBM Global Financing's track record highlights its unique position in the marketplace - combining the discipline of a bank with the expertise of a technology vendor. As such, it appreciates the many challenges and opportunities of e-business more than any other financier or traditional lender.
IBM Global Financing's core business includes:
- Customer Financing - where it provides leases or loans to end users of technology assets, covering hardware, software and associated services - both IBM and non-IBM
- Channel financing - including a range of working capital, accounts receivable, inventory and corporate financing solutions, specially designed to facilitate the growth and success of IBM Business Partners
- Global Asset Recovery Services (GARS) - as a major leasing company, IBM Global Financing operates this area of its business primarily to refurbish returned equipment at end of lease. It manages its GARS operation to leverage the residual value of returned equipment, as well as to offer customers another dimension in choice when acquiring cost effective IT solutions. It has remanufacturing facilities in 12 countries
The value of financing
Financing is now used to facilitate the vast majority of IT acquisitions as companies seek to gain maximum payback from their technology investments. No wonder - because with financing, capital spend can be conserved for other projects, companies can spread payments to match costs with benefits delivered, or use flexible payment patterns to suit cash flow. As well as protecting from equipment obsolescence, financing enables businesses to improve the management of technology assets and financial ratios. Increasingly, financing is being used for all aspects of technology solutions - software, hardware and services. To offer customers the ultimate in flexibility, IBM Global Financing offers total solution financing - covering both IBM and non-IBM elements of a solution.