Local companies can now avail of predictable IT cost solution
Philippines — March 21, 2007, Makati, Philippines – SAP, the world’s leading provider of business software solutions, together with financial services company Orix Metro, today announced the availability of the SAP Financing Program, an all-inclusive service that provides financing opportunities to customers across all market segments.
The SAP Financing program incorporates funding for procuring SAP and third-party software, related hardware and services, which includes implementation and consultation during the installation and implementation of SAP business solutions and software maintenance costs up to one year.
“Small and mid-sized firms, particularly in the Philippines, are finding it difficult to finance strategic IT investments. Budget constraints and pressure for visible return on investments hinder companies to avail of needed IT integrated solutions,” said Krish Datta, managing director for SAP Philippines. “The SAP Financing program addresses these issues through predictable and affordable monthly payment arrangements, making IT solutions previously available only to large corporations accessible to small and medium-sized businesses as well.”
SAP Financing covers all costs related to the company’s SAP investment as one package, making monthly payments predictable for up to four years. Moreover, the program gives complete transparency in all financial transactions so that it would be easier for companies to track all cost-related matters.
According to Bernadette Astudillo, senior vice president of Orix Metro, “The SAP Financing program is a timely initiative that provides a financing alternative for companies who are in immediate need of SAP solutions but have limited funds to undertake the investment. The program also simplifies the thought process of balancing business management solution needs with current workable capital for companies.”
Companies that are qualified to avail of the financing offer must first pass Orix Metro’s credit criteria such as those who have been operating their businesses for three years and have no adverse findings based on financial reviews.
“This is a noteworthy partnership for SAP and Orix Metro for it enables companies in the Philippines to immediately benefit from the business solutions that SAP offers,” said SAP’s Datta. “We look forward to working with Orix Metro in delivering this service to businesses here in the country.”
Orix Metro Leasing and Finance Corporation is the exclusive partner of SAP in providing the SAP Financing program in the country. The financing package is available through SAP Philippines and authorized SAP channel partners and resellers and has already been leveraged by Filipino PVC manufacturing conglomerate, Moldex Realty, Inc.