The financing services that PFSweb's Supplies Distributors offers using those lines of cred complements PFSweb?s suite of supply chain solutions and is a key differentiator in its overall service offering.
Plano, TX (PRWEB) April 13, 2005 -- PFSweb, Inc. (NASDAQ: PFSW), a global provider of business process outsourcing solutions for traditional and e-commerce strategies, has renewed its financing agreements with IBM through March 2006. In addition, the company renewed its ?7.5 million (Euros) factoring agreement with Fortis Commercial Finance NV through March 2006.
?Through our wholly-owned subsidiary, Supplies Distributors, Inc., IBM finances PFSweb?s purchase of IBM inventory and certain receivables applicable to our existing IBM master distributor agreements in North America and Europe,? explained Tom Madden, Senior Partner and CFO of PFSweb.
?Our long-standing relationship with IBM, our broad service offering to its customers and PFSweb?s growing role in the evolution of outsourcing were all integral to the successful extension of these lines of credit,? Madden emphasized.
?We believe the financing services that Supplies Distributors offers complements PFSweb?s suite of supply chain solutions and is a key differentiator in the overall PFSweb service offering,? Madden added.
PFSweb?s comprehensive outsourcing solutions provide proven, fast and secure business infrastructure to enable traditional and e-commerce strategies.
PFSweb solutions include: professional consulting services, e-marketplace logistics, order management, web-enabled customer contact centers, customer relationship management, international distribution and fulfillment services, reverse logistics, billing and collection services, kitting and assembly services and ERP information interfacing utilizing its Entente SuiteSM.