New Rapid Financing App Helps Business Partners Close More Deals Access to RM1.58 million in Financing

Petaling Jaya – July 24, 2013  -- IBM (NYSE: IBM) announced the availability of IGF Rapid Financing to produce quotations and generate financing proposals on the spot.

IGF Rapid Financing is a web-based app targeted at IBM Business Partners and is available on Apple iOS, Android, Windows and Blackberry platforms. The app can process queries from a minimum transaction size of RM20,000 to contracts worth up to RM1.58 million.

The app is not limited to IBM only solutions. Partners can package non-IBM hardware, software and services with IBM’s product range and offer it to their clients as part of the financing proposal.

More than 10 partners in Malaysia including Avnet Malaysia Sdn Bhd and Vision IT Sdn Bhd have piloted the app and are using it to produce quotations and proposals for their clients.

“This is an excellent business-to-business app that will allow us to respond faster to the needs of our business partners. The indicative monthly payments allow clients to plan and reach a decision that will in the end accelerate the success of all parties," said Chiew Yue Lam, General Manager, Avnet Malaysia Sdn Bhd.

"IGF Rapid Financing App is an extra conversational starter,” said Elwin Lim, Vice President, Vision IT Sdn Bhd. “The app cuts down on waiting and response time. The availability of this app various mobile platform allows our sellers the ability to show the clients immediately the affordability of our recommended solution. My client was impressed with the speed and convenience of the mobile app.”
 In November 2012, IBM Global Financing announced US$4 billion in financing available to IBM Business Partners and their clients. This financing will enable credit-qualified clients to better afford technology solutions, including solutions provided by Business Partners, to help them innovate and grow.

IBM Global Financing offerings are provided through IBM Credit LLC in the United States and other IBM subsidiaries and divisions worldwide to qualified commercial and government clients. Rates and availability are based on a client’s credit rating, financing terms, offering type, equipment and product type and options, and may vary by country.  Interest continues to accrue on deferred payments.  Non-hardware items must be one-time, non-recurring charges. Services are financed by means of loans.  Other restrictions may apply.  Rates and offerings are subject to change, extension or withdrawal without notice and may not be available in all countries.

For more information on IBM Global Financing, please visit www.ibm.com/financing.