IBM Global Financing and SynQuest Offer One-Stop Financing for Supply Chain Solutions - Company Business and Marketing

Edge: Work-Group Computing Report, Oct 11, 1999

SynQuest, Inc. and IBM Global Financing Wednesday announced the establishment of a new relationship for financing complete supply chain solutions. As part of the agreement, IBM Global Financing will provide financing to companies for the hardware, software and services components of SynQuest Supply Chain Performance Series solutions.

"The advantages of financing supply chain solutions are greater than ever. Financing systems acquisition can help companies achieve lower fixed costs, conserve working capital and preserve credit from other sources," said Connie Cannon, ISV account manager at IBM Global Financing. "Our financing offerings make it easier for customers to adopt SynQuest solutions and avoid a long capital approval process."

According to Chris Jones, senior vice president of marketing and corporate development at SynQuest, "IBM Global Financing provides attractive leasing and financing solutions with flexible terms. It offers one-stop financing and high quality service to address the complete needs of SynQuest customers. Our relationship with IBM Global Financing is another strong example of the alliance our companies share in helping companies achieve e-business and supply chain excellence."

IBM Global Financing provides not only attractive rates but also a complete offering of support and service. It offers total financing solutions for hardware, software, maintenance, training and services with an option of a single rate to simplify financing initiation and payments. IBM Global Financing will be offered through the SynQuest direct sales force. IBM Global Financing field sales representatives will work with SynQuest and its customers to structure the best financial alternatives.

SynQuest Supply Chain Performance Series software is a full suite of products that includes dynamic planning and integrated execution capabilities. The software offers the decision-support capabilities required by organizations to best manage material and information flow - from suppliers, through manufacturing and logistics activities, to final customers.

IBM Global Financing, a unit of The IBM Corporation (NYSE:IBM), is the market leader in software financing and continues to grow by expanding its portfolio of relationships with the world's leading software developers. IBM Global Financing serves organizations of all sizes in more than 40 countries and also provides flexible commercial financing to resellers and remarketers. For more information, solution developers should send a note to paleland@us.ibm.com. General information about IBM Global Financing can be found at its web site at www.ibm.com/financing.> SynQuest, Inc. (www.synquest.com), provides profitable e-business solutions that enable enterprises to provide superior customer experiences while optimizing order fulfillment for the greatest operational and financial performance. To achieve rapid results, SynQuest deploys its Optimal Performance Path, an end-to-end approach for identifying critical opportunities for improvement, mapping SynQuest supply chain software to a customer's environment and establishing a road map to ensure customers continually maximize business performance. For more information, call (800) 844-3228.

SynQuest Supply Chain Performance Series and Optimal Performance Path are trademarks of SynQuest, Inc., Atlanta, Ga. All other trademarks are properties of their respective companies.