'Procure now, pay later' option clicks for IBM
IBM sees more Indian companies opting for longer credit terms, apart from other finance options, as the country’s top enterprises, including Sistema-Shyam and Kotak Bank, seek to cope with tightened IT budgets.
By ET Bureau |
BANGALORE: IBM sees more Indian companies opting for longer credit terms, apart from other finance options, as the country���s top enterprises, including Sistema-Shyam and Kotak Bank, seek to cope with tightened IT budgets.
���Through IBM Global Finance, we are offering customers to ���procure now and pay later��� option, wherein they are able to convert their capital expenditure into operational expenditure,��� said Mukul Mathur, director, Systems and Technology Group, IBM India and South Asia.
Some customers are also attempting to fund their new technology investments by opting for ���buy-back��� scheme, wherein a vendor such as IBM takes back older IT assets and brings down total upfront cost.
���Through IBM Global Finance, we are offering customers to ���procure now and pay later��� option, wherein they are able to convert their capital expenditure into operational expenditure,��� said Mukul Mathur, director, Systems and Technology Group, IBM India and South Asia.
Some customers are also attempting to fund their new technology investments by opting for ���buy-back��� scheme, wherein a vendor such as IBM takes back older IT assets and brings down total upfront cost.
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