Arrow ECS: The Partner You Can Trust to Grow Your Business Forward
Storage Group offers a wide range of financial service options. We understand your need for flexibility and the distinctive requirements it takes to meet your needs in the marketplace. Our financial service options are designed to meet your needs and help you grow your business.
|
|
| Arrow Financial Services has partnered with D&B to provide our customers with access to industry information reports at a special rate. To access this information, just click on the link under the D&B logo and begin your search. Just one more way that Arrow Financial Services supports your business.  Search directory of U.S. companies Search directory of International companies |
|
Open Account
The Open Account is used to extend a line of credit under net terms. Net terms are usually 30 days, which means that a reseller has 30 days from the date of invoice to pay for the product or service. The line of credit is based on the reseller's financial condition as determined using the reseller's bank & trade references, financial statements, and credit reports. This is the most convenient form of credit for the reseller.
Escrow Program
The Escrow Program allows the reseller to maintain responsibility for the account receivable of the end-user and collection thereof, but the end-user's payment is mailed to a bank account set up to hold the escrow remittances. This bank account requires both the reseller and Storage Group to sign a document (Exhibit B Form) to disburse the funds. The reseller's proceeds from the sale when disbursed are wired to the reseller's bank account. Storage Group offers terms of net 30 days for escrow program transactions.
Advantages:
- This program enables a reseller bid on deals much higher than their approved open account line of credit and increases the reseller’s overall purchasing power.
- Credit approval is based on the creditworthiness of the end-user.
- The end-user is not aware that Storage Group is involved in the transaction.
- The escrow transactions do not impact the reseller’s open account credit availability.
- The credit risk associated with the end-user is reduced as Storage Group evaluates the credit on the end-user.
- Reseller owns the sale.
Inventory Finance Program/Flooring
Think of the Inventory Financing as a credit card that the reseller can use with Storage Group. The reseller establishes a secured line of credit with an inventory finance company. The reseller notifies Storage Group of this relationship and we set up an account specifically for purchases placed that the reseller wants billed to the inventory finance company. Storage Group pays for the first 30 days' finance charges in most cases.
We leverage our financial strength and relationships to partner with several finance companies in order to provide the most competitive Inventory Financing opportunities to our resellers.
AcSelleration Program
The Acselleration Program reduces the reseller's risk of selling to its end-user. Under this program the reseller and Storage Group enter into an agreement in which Storage Group assumes the responsibility and the credit risk for the accounts receivable. The end-user completes a Storage Group (Arrow Electronics) credit application that indicates the contractual relationship of Storage Group and the reseller. Storage Group extends a line of credit (OPEN ACCOUNT) to the end-user. The end-user submits its purchase orders to "Storage Group in care of" the reseller indicating Storage Group's remit-to address. Storage Group's Financial Services department becomes your credit department managing the collection of the outstanding receivable. The reseller is paid a commission based on the negotiated contract for sales booked in the previous fiscal month.
Advantages:
- End-users are provided with an open account line of credit
- Storage Group evaluates the creditworthiness of the end-users
- Storage Group assumes the risk
- Storage Group manages the processing of end-user purchase orders
- Storage Group manages the collection of the accounts receivable
- Storage Group manages the customer service issues of the end-users (RMA's, etc.)
- Reseller is paid their commission monthly regardless of whether the end-user has paid the invoice or not
Leasing is a simple way for companies to finance product over time rather than paying cash up front. Storage Group uses a variety of leasing companies to help the reseller and end-user finance the purchase. Storage Group can process a variety of products through the LEASING PROGRAM including hardware, software, educational services, support, extended maintenance, and consulting fees, as well as storage and demo equipment.
It is easy to obtain a lease quote. The following information is necessary
- Name and address of the end-user
- Lease term and buy-out option requested by the end-user
- Equipment quote with the end-user's costs (VAR or customer)
The following documentation is necessary to release a lease order:
- Purchase order from the reseller made out to Storage Group detailing the equipment to be shipped
- Purchase order/ship release letter from the finance/leasing company issued to Storage Group (not the reseller)
Advantages:
- Leasing increases the buying power of the end-users by offering a low monthly payment instead of a large one-time expenditure; the end-user can afford a high end solution
- 100% financing - the end-user can finance the entire solution, including hardware, software, service, as well as support and consulting fees
- Leasing increases future sales potential by allowing options for the end-users to upgrade their equipment for newer technology during the lease term
- Reseller's open account credit line is not affected by the lease transaction
Account Setup Information
Getting Started
If you would like to establish an account with Storage Group please download, complete and sign the credit application and appropriate tax resale forms. Once completed please fax the documents to:
(303) 824-3739 for all US requests
(905) 795-8715 for all Canadian requests
If you would like to speak directly with a Storage Group Financial Services Manager please contact:
| West Coast: | Jerome Jacek (303) 824-3725 jjacek@arrow.com |
| East Coast & Canada | Dot Sullivan (508) 480-6606 dsullivan@arrow.com |
| Leasing: Sales & Education: |
Mark Gorgal 310-643-1715ofc, 323-327-3012cell mgorgal@arrow.com |
| Quotes & Contracts: | Gary Webb 317-735-0267 or 800-255-3390 ext. 267 efax: 317-405-3795 gwebb@arrow.com |
Addendum to resale Tax Certificate - 3rd Party drop shipments
Canada Drop Shipment Certificate
Credit application (Canada)
Credit Application (US)
Quebec Sales Tax Drop Shipment (U.S.version)
Quebec Sales Tax Drop Shipment (French version)
Resale Tax Certificate Instructions
Retail Sales Tax Exemption Certificate
Sales and use Tax Certificate of exemption