Upgrade retail web tech, with IBM Global Financing
City Beach Australia were facing increased competition in the fashion retail industry. To answer this, they decided to accelerate the improvement of the customer experience by upgrading their web platform and take advantage of innovations in web technology.
But another challenge for them to overcome before doing that is that, in Australia, it can sometimes be difficult for businesses to obtain financing for software projects, because banks typically want to see a tangible asset with a potential residual or resale value.
They needed the help of a key financing partner who could make this happen without the same condition the banks had.
They re-engaged IBM to upgrade their IBM WebSphere Application Server platform with funding and a structured payment plan from IBM Global Financing.
As a result, City Beach has been able to improve cash flow by spreading out payments and now has added flexibility, so that they can easily handle any project adjustments.
The business is also streamlining its internal data processing and management processes and adding a product information management system.
“It’s a great boon for businesses like ours that IBM Global Financing provides these opportunities so that we can invest in IT and software systems, which then improve our competitiveness within the industry both here in Australia and beyond”, says de Alwis.
Spreading out payments for the website upgrade project over a specified period as opposed to large cash outlays helps the business better manage cash flow. And when City Beach needed to make minor adjustments to the project timing and scope, de Alwis found the IBM Global Financing team flexible and accommodating.
IBM Global Financing offerings are provided through IBM Credit LLC in the United States and other IBM subsidiaries and divisions worldwide to qualified commercial and government clients. Rates and availability are based on a client’s credit rating, financing terms, offering type, equipment and product type and options, and may vary by country. Non-hardware items must be one-time, non-recurring charges and are financed by means of loans. Other restrictions may apply. Rates and offerings are subject to change, extension or withdrawal without notice and may not be available in all countries.