TD SYNNEX Capital Introduces New Short Term Credit Program to Empower Partner Growth

Rhea-AI Summary

TD SYNNEX Capital introduces Amplify, a new short-term credit program for U.S. customers with extended payment terms, aiming to provide more credit capacity to partners and streamline the buying experience. Partners can choose their own net terms on eligible orders, with extended payment terms of 45, 60, 75, or 90 days. The program is expected to strengthen customer offerings and support business goals.

Positive

• Amplify program offers extended payment terms and flexibility to partners, streamlining buying experience
• Partners can choose net terms on eligible orders, reducing order complexity and reliance on outside finance companies

Negative

• None.

New Program Amplify to Offer Convenient Extended Terms

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)-- TD SYNNEX Capital, a financing division of TD SYNNEX (NYSE: SNX), is adding a new short-term credit program for U.S. customers with extended payment terms that is intended to provide more credit capacity to partners, giving them more flexible options and ultimately, the ability to grow their business.

The new credit program, known as Amplify, allows partners to dynamically choose their own net terms on eligible orders, significantly reducing order complexity as well as the need for outside finance companies. Amplify includes extended payment terms of 45, 60, 75 or 90 days, common due dates, and a self-service portal to help partners manage their payables.

“Through TD SYNNEX Capital, we aim to provide our partners with improved financing flexibility and better customer experiences. We believe this unique new service will streamline the buying experience and extend the overall purchasing power of our partners and their clients,” said Jay Snyder, senior vice president, Credit at TD SYNNEX.

The Amplify program will be led by Michael Hennig, who recently joined TD SYNNEX as vice president of financial solutions. Hennig has more than 20 years of experience in corporate banking and structured finance and is known for driving growth and innovation across the supply chain financing landscape.

“We created this program as a result of our strong understanding of how our customers’ businesses work and the evolution of the financial environment. Our goal is to provide a customized financing program that offers flexibility, simplification, and speed to let customers focus on growing their business,” said Hennig. “This program allows us to lean into our customer relationships and keeps our customers in control of their individual go-to-market strategies.”

“Having consistent access to the extended payment terms and simplified purchasing experience offered by this program will help to strengthen our customer offering, and ultimately support our business goals,” said Bob Tadevich, president of NetworkSolutions, a TD SYNNEX partner. “I know this program will be a gamechanger for us and our customers.”

Any U.S. based TD SYNNEX partner with an active net terms line that is in good standing with the company, or with an existing floor plan relationship, is eligible for Amplify. TD SYNNEX Capital’s other offerings include long term payment solutions ranging from 12-60 months with monthly, quarterly, or annual payments – for any IT product or service. Solutions ranging from installment payment plans to as-a-service models can be integrated effortlessly into a sale with the assistance of TD SYNNEX Capital’s financing experts. Vendors and channel partners can engage TD SYNNEX Capital on a transactional or programmatic level to drive to their desired results.

To learn more about the program, contact amplify@tdsynnex.com or TDSYNNEXCapital@tdsynnex.com.

About TD SYNNEX

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We are an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX’s 23,500 co-workers are dedicated to uniting compelling IT products, services, and solutions from 1,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, AI, IoT, mobility and everything as a service. TD SYNNEX is committed to serving customers and communities, and we believe we can have a positive impact on our people and our planet, intentionally acting as a respected corporate citizen. We aspire to be a diverse and inclusive employer of choice for talent across the IT ecosystem. For more information, visit www.TDSYNNEX.com or follow us on LinkedIn, Facebook and Instagram.

Safe Harbor Statement

Statements in this news release that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 involve known and unknown risks and uncertainties which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. The Company assumes no obligation to update any forward-looking statements contained in this release.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20230928640010/en/

Emily Moseley

Global Corporate Communications

727-538-5864

Emily.moseley@tdsynnex.com

Source: TD SYNNEX