A new customer financing arrangement has delivered more than half a million dollars worth of business to national telecommunications provider Comscentre within its first three months.
Comscentre in March appointed provider of retail point-of-sale finance solutions FlexiGroup Limited to provide finance for its customers leasing communications equipment such as telephones.
Fifteen business customers have so far taken advantage of the new arrangement with $500,000 worth of approved finance deals already made.
“There has been an enthusiastic uptake of the new arrangement and FlexiGroup has become a seamless part of our business. This partnership gives Comscentre access to a stable Australian finance company and our clients access to an easy, sensible financing arrangement and we’re pleased there has been such a smooth implementation.”
Comscentre Managing Director, Ben Shipley
The new financing arrangement is a coup for Comscentre after experiencing difficulties during the global financial crisis.
“The crisis had made the financing of Comscentre’s end user equipment extremely difficult after our international equipment financier pulled out of its financing arrangements at the height of the turmoil,” Mr Shipley said.
“We were forced to change our agreements, self fund a lot of our own equipment to customers and used multiple small broker finance companies to provide our customers with equipment finance.
“We’re very pleased to now be in a position to offer our customers a premium financing product.”
FlexiGroup leases products right down to $500 and up to $10 million in one transaction.
Comscentre specialises in providing communication products essential to every business, namely hardware, voice and internet services, backed by a support and maintenance package. Its model is based on converging existing voice and data networks on a single IP-based network.