October 17, 2018

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ALSO launches new financing unit

by Stuart Wilson, Monday 14 May 2018

Gustavo Möller-Hergt, CEO of ALSO
Gustavo Möller-Hergt, CEO of ALSO

Distributor ALSO Group is expanding its range of financing and services with the launch of a new leasing company, ALSO Financial Services. The new offering for resellers extends ALSO’s services portfolio. Previously, customer leasing inquiries were referred to external partners, but now, customers can receive new, expanded financing solutions as part of a single offer. This also guarantees faster response times and a flexible, broad offering, according to ALSO.

"Financing is an important part of the value chain in the consumptional business model and in the monetisation of digital workplaces and the associated infrastructure," said Gustavo Möller-Hergt, CEO of ALSO. "With ALSO Financial Services, we offer our resellers more flexibility and simplified processes to expand their own range of services to end customers with little effort."

The new offer includes rental contracts for end customers, which can feature the reseller’s own logo. Resellers can ask ALSO to draw up contracts in flexible ways and then manage them. They can also rely on ALSO Financial Services to provide financing and to shoulder the risks. In cooperation with the reseller or a remarketing company, the hardware can be exchanged during the contract term or purchased at an attractive price at the end of the period.

ALSO Financial Services will initially be active in Germany and will gradually expand its own services to other European countries. ALSO is continuously expanding its own range in the area of consumer business to cover new product categories.

Möller-Hergt added: "If you look at the ‘digital machine station’ - in the areas of 3D printing and IoT, for instance - there are new business opportunities here, too, which we want to develop and exploit together with our partners in the future."

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