Chin Fong: Vendor finance for a
machine manufacturer
The specialist
in metal-forming equipment was founded 1948.
Chin Fong: Vendor finance for a
machine manufacturer
The specialist
in metal-forming equipment was founded 1948.
Finance
Chin Fong
Chang Hua City Taiwan
Chin
Fong is a key channel partner of Siemens Digital Industries in China.
It
sought an effective financing solution for its end customers that would give it a
competitive sales advantage.
Siemens Digital Industries and Siemens Financial
Services teamed up to offer Chin Fong a customized
vendor finance solution that would enable end customers to acquire Chin Fong
machinery with affordable monthly payments.
“Siemens
has advanced industrial automation techno-logy and customized financial
solutions. Our goal is to con-solidate our strengths and maximize busi-ness
performance”
Zeng
Sheng Ming,
General Manager,
Chin Fong
Now
that it receives faster payment from Siemens Financial Services, Chin
Fong can strengthen its customer relationships, win additional business and
mitigate accounts receivable risks.
The
collaboration intensified Chin Fong’s status as a significant channel partner
for Siemens Digital Factory and resulted in increased sales of Siemens
components.
