GE Capital has signed a UK vendor financing agreement with communications provider 4Com.
The agreement will help fuel further growth of 4Com’s sales to UK SMEs via GE Capital’s, multi-function and low touch iManage Leasing extranet platform, which will provide 4Com with easy access to near real time credit decisions on more than 90% of all equipment leasing applications.
In addition, the 4Com team will make use of GE Capital’s up-sell facility, which helps to boost sales by instantly notifying 4Com whether their customers are entitled to further credit.
Ian Wederell, CEO at 4Com Capital Ltd. said: “GE Capital’s expertise and understanding of the office equipment and IT industries was a key consideration in our decision to partner with them moving forward.
More than that, GE was able to display some truly innovative solutions which we feel will allow us to further increase efficiency in our sales and leasing processes as well as helping to support 4Com’s growth”.
Jonathan Maycock, Commercial Director at GE Capital, Equipment Finance UK added: “We are delighted to have been given the opportunity to create what we are confident will be a long and successful partnership with 4Com.
“Our focus is very much on supporting SMEs by helping them to reduce the overall cost of equipment ownership through leasing, leveraging our deep asset expertise, financial and industry knowledge, plus our capacity to secure sales, and retain customers. I feel this ability to truly understand the business of our customers and partners gives us the capacity to add real value and make our partnership with 4Com a real success.”
GE Capital is one of Europe’s leading providers of asset based lending. The company provides more than £100 million of financing to European SMEs every day. In the UK alone, GE Capital provides financing and support to enable more than 90,000 companies successfully run and manage their on-going operations and invest in future growth.