New Microsoft Financing “Open Smarter Way” promotion launches to help customers purchase IT
six-month deferment period for Open License programme agreements
Reading - UK - November 17th, Microsoft Financing has today announced a new promotion, “Open Smarter Way”. This will enable partners to offer customers a finance package on purchases via Open License with zero payments for six months and a reduced interest rate on the OPEN licence component fixed to the UK Bank Base Rate at the time of booking. Where customers require “Total Solution Financing” (including partner services, hardware or third party software, a blended interest rate will be calculated, with the additional elements receiving an interest rate subject to Microsoft Financing standard terms and conditions.
This new offer will be available through partners to all credit-approved customers, giving them immediate access to capital so that they can purchase and deploy IT, with predictable payment structures, freeing up budgets and existing resources to support other areas of their business. This offer is ideal for those customers where cashflow is a barrier to purchasing the IT solutions needed to enable cost savings, grow their business, or be more competitive in the market. For partners, this promotion will help them serve their customers’ financial needs at a time when all businesses are acutely aware of any expense.
For partners wishing to take advantage of this promotion, a web tool has been developed to make the application process as straight forward as possible. This will allow them to give an immediate response to qualifying customers by simplifying administration of the offer, calculating payment terms and blended interest rates. Partners can find full details of the Microsoft Financing offer at www.microsoftfinancing.com, where they can also get immediate access to the web tool using their Microsoft Partner Programme Windows Live ID.
Scott Dodds, General Manager of Microsoft’s Small, Medium Enterprise & Partner Group said “This promotion will be of great benefit to our customers and partners. We’re always looking for ways to give greater flexibility and choice in the way technology is acquired and used - and Microsoft Financing offers a very real alternative to traditional routes at the moment.”
Dave Simpson, Commercial Director of Large Account Reseller Softcat commented “We’ve had great success through Microsoft Financing and it has helped us to grow our business. This new offer is particularly relevant now, at a time when customers are looking for ways to preserve cash and credit lines. But, they know they need to invest in technology in order to remain competitive and achieve cost savings in their businesses. The promotion will be a very attractive option for those wanting to continue investing and realise returns.”
Microsoft Financing programmes offer flexible options for businesses of all sizes. For more information on this promotion and Microsoft Financing, please visit:www.microsoft.com/uk/business/financing. Microsoft Financing also has financing structures that support other Microsoft licensing programmes.
About Microsoft
Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and solutions that help people and businesses realise their full potential.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
For further press information about this release, please contact:
Microsoft Partner PR team
Inferno Communications
0208 735 9735
partner@infernopr.com
Note to editors:
| • | All Microsoft agreements based on the Open License programme are eligible for possible Financing on this promotion following credit checking. After the 6-month payment holiday customers immediately enter a repayment term that runs over 30 or 36 months and is matched to the underlying license term. The Bank Base Rate will only be offered on the Microsoft Open licence components of the sale - partner services, 3rd party hardware and software components will be at the Microsoft Financing standard interest rate, a blended rate being calculated in the application process. Full terms and conditions of the promotion can be seen at www.microsoftfinancing.com |
| • | Microsoft Financing offers organisations that need software, services and partner solutions a number of flexible programmes to choose the best way to purchase technology for their business: |
| • | Total Solution Financing. This programme is designed to help small and medium-sized companies conveniently finance the entire cost of their technology solutions. With competitive fixed-rate loans, qualified customers can match their cash flow to the usage of the technology with payment terms from 24 to 60 months. |
| • | Enterprise Financing. Enterprise Financing helps large organizations maximize their IT expenses while they benefit from an optimized IT infrastructure. With Microsoft Financing, you collaborate with a trusted advisor to choose a payment structure that works with your budget (monthly, quarterly, or annually) to help you preserve cash and credit lines for other priorities. Enterprise Financing supports all Microsoft Volume Licensing programs-including Enterprise Agreements, Select, Open Value, and Microsoft Software Assurance, as well as services such as deployment and training, partner products, and hardware-so you can choose the IT you need and manage it as one investment. |
| • | Software License Financing. For organizations that are acquiring Microsoft licenses rather than an entire technology solution, Microsoft Financing has options to spread their software costs over an extended time and preserve capital resources. Additional purchases also can be added to the Microsoft Financing contract to accommodate immediate business requirements. |
| • | Leasing Option in Europe. As a result of regional interest, Microsoft Financing offers leasing in the European market. The offering is only available in Switzerland, Germany, France, Italy, and the United Kingdom. |
Contact information
Journalists should contact The Microsoft Press Centre. Telephone 0870 6010 100, lines are open 9.00am to 6.00pm Monday to Friday.
Customer enquiries should be directed to Microsoft on 0870 6010 100. Opening hours are 8.00am to 6.00pm.
| • |
