Microsoft NZ loosens rules around customer finance
Customers can spend more Microsoft Financing money on non-Microsoft stuff.
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Rich List
Microsoft New Zealand has loosened the rules around its financing programme, which is run in partnership with Rabobank subsidiary De Lage Landen.
The company has reduced the minimum Microsoft software requirement from 35% to 15% for loans under $5 million.
Permissible non-Microsoft spending includes hardware, and third-party software, a spokeswoman told NBR.
For customers who borrow more than $5 million, the terms are unchanged: 85% of the money must be spent on Microsoft software and services.
Microsoft NZ partner strategy head Brent Colbert, Director – Partner Strategy, Microsoft New Zealand, said “Our customers are using different types of financing on a regular basis – anything from capital raising to overdrafts. We have specifically designed the Microsoft Financing programme so these customers can get flexible and affordable loans to fund growth and development of their organisations.”
Mr Colbert said the average turnaround time for loan approval was five business days.
For loans under $100,000, it could be less than 24 hours.
NBR staff
Wed, 09 Mar 2011
Wed, 09 Mar 2011
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Microsoft NZ loosens rules around customer finance
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