In the past months Global Supply Chain Finance Ltd. (GSCF) has successfully activated HP Payables Financing programs for various distributors of Hewlett Packard supplies, who are now enjoying longer payment terms towards HP and conveniently stocking themselves without altering their leverage.
An HP distributor mentioned: “We felt that GSCF’s financing proposal perfectly matched our needs, so we decided to apply for it. We are now convinced that it was the right decision, as we have not only improved our working capital position without having to use our existing bank facilities, but also and more importantly gained competitiveness. GSCF’s experienced representatives guided us throughout the implementation of the program, including technical aspects and the discussions with the Funder, which ensured that we got the best possible outcome”.
Kendall Stevens, CEO of GSCF, commented: “We were positively surprised by the high level of interest that this type of financing program gathered amongst the community of HP partners across jurisdictions. Equally, we were glad to see the quick and smooth implementation process, as well as the adoption of our technology platform as the centrepiece of their trading relationship with HP. We are currently working on a strong pipeline together with our partner banks and anticipate that other global IT manufacturers might want to launch similar initiatives to substitute or supplement the implementation of a Distribution Finance Program soon”.
To learn more about GSCF Group, please contact us.