- Resellers starting to climb the credit ladder
- More dialogue and interaction taking place as resellers address new challenges
One of TD SYNNEX’s customers has reached the new £1 million top line of the new Credit Elevator, underlining the need for the programme and how effective it can be in giving businesses the ability to step up without having to go through repeated reassessments.
The reseller concerned had been on the previous scheme but stepped up to the new programme when it was launched in February. A good number of resellers have joined the new scheme and, according to Nick Tiltman, Credit & Finance Solutions Director, it will not be too long before another reseller hits the upper limit.
‘It’s great to see a reseller reach the top of the Credit Elevator so soon and we’re delighted, because it proves that there is a need to make it easier for customers to grow their credit line without having to jump through the same set of hoops every few weeks. There are plenty more moving up the scale now, so we’d expect others to reach the top quite soon.’
Once a reseller has attained a £1 million credit line, TD SYNNEX will actively renegotiate increased credit lines with them to ensure all their needs are being met. The Credit Elevator scheme enables resellers to step up from an initial £5,000 credit line, automatically, providing 75% of the line is utilised and payment is made on normal 30-day terms. Resellers can extend the line every month or move up to the next level when their sales grow.
Nick Tiltman said that the introduction of the scheme had also opened up other areas of potential and discussion. ‘We’ve had a lot more dialogue and interaction on credit in the past three months. Resellers are facing new challenges around managing finance and we’re very happy to discuss options and work with them to find appropriate solutions that will work for everyone.’
The TD SYNNEX Credit and Finance Solutions team is eager to hear from and take feedback from resellers – you can email limitreviews@techdata.co.uk for more information.
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