TD Synnex Rolls Out New Short-Term Credit ProgramTD Synnex Rolls Out New Short-Term Credit Program
The choice of net terms on eligible orders could reduce the need for outside finance companies.
September 28, 2023
TD Synnex’s financing arm is launching a short-term credit program that will provide U.S. partners extended payment terms.
Called Amplify, TD Synnex Capital’s new program includes extended payment terms of 45, 60, 75 or 90 days, common due dates and a portal to help partners self-manage payables. The choice of net terms on eligible orders aims to reduce order complexity and the need for outside finance companies.
Here’s our most recent list of important channel-program changes you should know.
Hennig In Charge of TD Synnex Amplify
The distributor put Michael Hennig, who recently joined the distributor as vice president of financial solutions, in charge of Amplify.
TD Synnex’s Michael Hennig
“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, who has more than 20 years of experience in corporate banking and structured finance. “This program allows us to lean into our customer relationships and keeps our customers in control of their individual go-to-market strategies.”
Any U.S.-based TD Synnex partner with an active net terms line 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 into a sale with assistance from TD Synnex Capital staff. For more information, email [email protected] or [email protected].
Besides its new credit program, the distributor recently brought on SAS to help MSPs and other partners develop AI data analytics solutions.
About the Author(s)
You May Also Like