Menu
ThinkSmart upgrades with JB Hi-Fi as business grows

ThinkSmart upgrades with JB Hi-Fi as business grows

Finance provider finds SMBs are willing to spend on technology, provided it doesn't impact on cash flow

Small business finance provider, ThinkSmart (ASX: TSM), has extended its partnership with JB Hi-Fi (ASX: JBH) as traction in the market grows.

CEO, Ned Montarello, said ThinkSmart had seen one of its best years of trading, with pre-tax earnings up 36 per cent on the previous year.

“There’s a great demand for equipment with small businesses,” Montarello said. “However, there is also a need to preserve cash flow, which is what is driving demand for us.”

Montarello added that the tax deductions on offer through ThinkSmart were appealing to small businesses at this time.

The new agreement with JB Hi-Fi consolidates the partnership in Australia and NZ through to mid-2011, and follows the deployment of ThinkSmart’s QuickSmart online processing system through all 105 JB Hi-Fi stores.

ThinkSmart has had a partnership with JB Hi-Fi for the past two-and-a-half years, Montarello said. It also has long standing partnerships with Dick Smiths and Office Works, and operates in Australia, NZ, the UK, Spain, Italy and France.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags jb hi-fiThinkSmart

Featured

Slideshows

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Introducing the Reseller News Innovation Awards, launched to the channel at the 2018 Judges’ Lunch in Auckland. With more than 70 judges now part of the voting panel, the new-look awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors.

Reseller News launches new-look Awards at 2018 Judges’ Lunch
Kiwi channel debates GDPR as Reseller News Exchange hits Wellington

Kiwi channel debates GDPR as Reseller News Exchange hits Wellington

This exclusive Reseller News Exchange, in association with Arrow ECS ANZ, ForeScout and StorageCraft, went on the road to debate the early implications of GDPR in New Zealand, extracting opportunities while evaluating challenges for the channel in the year ahead.

Kiwi channel debates GDPR as Reseller News Exchange hits Wellington
Show Comments