Ingram Micro Enables U.S. Channel Partners' Growth Initiatives With Increases in Credit Limits
August 28 2012 - 8:00AM
Marketwired
Leveraging the expertise of its credit analysts and propensity
studies developed by its Business Intelligence Center (BIC), Ingram
Micro Inc. (NYSE: IM) today announced it's helping its U.S.-based
channel partners drive growth in the SMB and consumer electronics
markets by increasing the credit lines of more than 680
pre-qualified U.S.-based solution providers and managed service
providers (MSPs).
Collectively the increases account for more than $8 million in
available credit and were awarded to a select group of more than
500 pre-qualified channel partners who primarily sell to small and
mid-size businesses (SMBs), as well as 175 high-potential channel
partners focused on the consumer electronics (CE) space. The chosen
partners were identified through a collaborative and thorough
vetting process conducted by Ingram Micro's credit analysts, BIC
team and sales.
"Gaining access to working capital is a challenge for many
channel partners -- especially those who are focused on meeting the
business technology needs of today's growing SMBs," says Jamie
Ferullo, director of sales, SMB, Ingram Micro U.S. "By identifying
high-potential partners and extending them greater credit limits,
we're helping to remove one of the biggest barriers to earning new
and incremental business, and further enabling their success."
Within the first few weeks of receiving increases to their
credit lines, hundreds of Ingram Micro channel partners have
experienced increases in revenue growth and expansion in their
sales pipelines.
"We had a very large project that needed to be financed and
rolled out within a short period of time," says leading system
integrator Brian Hogan, president of New England Systems and
Software. "The willingness of Ingram Micro and its credit team to
work with us helped immensely, and the increased credit line and
short approval time allowed us to meet our schedule and come in on
budget."
Craig Raubenheimer, owner of Boston-based MSP Roan Solutions
Inc., also reports immediate gains from the recent Ingram Micro
credit limits, and calls Ingram Micro a strategic business partner
who understands the needs of his business, and knows what it takes
to help his business grow. "By automatically increasing our credit
lines, Ingram Micro has opened the door to new sales opportunities
that are having a direct and positive impact on our business
revenues, and certainly positions us to better meet the financial
needs of our customers moving forward," says Raubenheimer.
In addition to increasing the credit lines for hundreds of SMB
and CE-focused partners, Ingram Micro continues to invest in its
team of credit analysts. All Ingram Micro channel partners in the
U.S. have a dedicated Ingram Micro credit analyst to support their
business. Ingram Micro Credit Analysts understand the industry
landscape and have a proven track record for consulting with
channel partners to identify the best financing options and secure
additional credit as needed.
"Growing a business is no easy task," says David Maffucci,
president and director of technology for Visionary Computer, an
Apple Specialist and Premium Service Provider located in
Connecticut who has nearly doubled its sales in the last 12 months.
"We needed to identify flexible financing options and get a
dramatic increase in our available credit, fast. Thanks to the
ongoing support from Ingram Micro and the recent increase to our
credit line, we now have the purchasing power and resources a small
business like ours needs to prosper and succeed."
Channel partners who are interested in speaking to an Ingram
Micro credit analyst and want to learn more about the financing
options available to them should contact their Ingram Micro sales
representative, dedicated credit analyst or the Ingram Micro credit
department at (716) 616-4000.
More information about Ingram Micro is available at
www.ingrammicro.com and http://ingrammicroinc.wordpress.com.
To learn, see and hear more about Ingram Micro online, follow
the distributor on Facebook at www.facebook.com/IngramMicro;
Twitter at www.twitter.com/IngramMicroInc; and YouTube at
http://www.youtube.com/user/ingrammicroinc.
About Ingram Micro Inc. As a vital link in
the technology value chain, Ingram Micro creates sales and
profitability opportunities for vendors and resellers through
unique marketing programs, outsourced logistics, technical and
financial support, managed and cloud-based services, and product
aggregation and distribution. The company is the only global
broad-based IT distributor, serving more than 145 countries on six
continents with the world's most comprehensive portfolio of IT
products and services. Visit www.ingrammicro.com.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Press Contact: Marie Rourke WhiteFox Marketing (for
Ingram Micro) (714) 292-2199 marie@whitefoxpr.com
Ingram Micro A (NYSE:IM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Ingram Micro A (NYSE:IM)
Historical Stock Chart
From Jul 2023 to Jul 2024