BNP Paribas teams up with Microsoft Financing

26/01/2010

 

BNP Paribas Lease Group (“BNP PLG”) has announced it is now working with Microsoft Financing (which provides financing services to customers in 15 countries around the globe), to develop and promote financing solutions to mid-market and SME customers in four European countries: Germany, France, Italy and Switzerland. BNP PLG will be able to offer a full range of financial services to both Microsoft Corporation’s direct customers, and customers serviced by resellers (Value Added Resellers (“VARS”), and Large Account Resellers (“LARS”)). 

Qualifying customers will be able to benefit from the convenience of financing purchases of Microsoft software licenses, Microsoft and reseller services, and third-party products. This solution will also enable them to preserve cash flow while still making crucial investments and capital purchases, providing an opportunity to improve business performance. 

BNP PLG brings its considerable expertise in flexible financing solutions, and dedicated resources, to the Microsoft Financing program coupled with an extensive local presence, an automated web-based tool providing access to an efficient end-to-end process, including credit checks, quotations and financing contracts. BNP PLG will provide quick, simple-to-use and efficient financing solutions that can be implemented in most cases within a day. 

“As part of Microsoft’s commitment to providing customers with simple, convenient and affordable ways to acquire IT, we are pleased to be working with BNP PLG,” said Brian Madison, general manager of Microsoft Financing at Microsoft Corporation. “BNP PLG is uniquely qualified to deliver outstanding service to our customers and partners in the small and mid-market segment in France, Germany, Italy and Switzerland.” 

“We are proud to be working with Microsoft Financing and to contribute to Microsoft Financing’s development across the major European markets,” said Joseph Pulicano, head of IT and Telecom within BNP PLG. “Our ability to provide appropriate financing solutions, from simple loans to value-added leasing products, and our strong in-country involvement will certainly contribute to the success of this program”. 

As Microsoft Financing is a key player in IT sector, this represents a major event for BNP PLG and illustrates its ability to offer customised financing solutions to manufacturers and distributors and support successful multi-channel strategies. 

Microsoft Financing programmes offer:

1. Software License Financing - For commercial organizations of all sizes that want to acquire only Microsoft software licenses and spread the costs of the software over an extended period of time, preserving financial resources for other investment. Predictable payments, including ramped and deferred payment options are offered. Additional purchases may be made and added to the Financing contract to accommodate future business requirements. 

2. Total Solution Financing - For commercial businesses of all sizes that want predictable payments to finance the entire cost of their technology solution including Microsoft software licenses, partner products and services such as deployment, and hardware all as one investment. 

3. Extended Payment Terms - Offers flexible payment solutions to direct Enterprise Agreement (EA) commercial customers for their Enterprise Enrollments that go beyond Microsoft’s standard annual or up-front payment terms. Available payment structures include monthly, quarterly and semi-annual payments, each with the option of ramping or skipping payments to align with the customer’s budgetary constraints, cash flow requirements or deployment schedule. These payments are structured as part of the license agreement without requiring separate loan documents. Microsoft assigns the rights to customers’ payments to select financing providers. 

 

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