ASSA ABLOY appoints White Oak UK as vendor finance partner
16 October 2018
White Oak UK, one of the UK’s largest alternative providers of SME finance, and ASSA ABLOY, the global leader in door opening solutions, have today announced a new partnership aimed at offering finance solutions to ASSA ABLOY UK business customers.
The partnership, which is set to be rolled out across the majority of ASSA ABLOY’s B2B brands, will initially commence with Traka, whose intelligent key cabinets and locker solutions enable businesses to secure, manage and audit the use of almost any physical asset. The partnership will also be rolled out to both the Abloy and Mul-T-Lock divisions later this year.
Andy Davis, Head of Channel Development at White Oak UK said:
“We’re delighted to announce our partnership with ASSA ABLOY, making it easier for their customers to purchase the security and asset management solutions they need. By utilising our Partner Programme, clients have access to a range of flexible finance solutions which enables them to maintain and grow margin, increase sales and improve cash flow to help support businesses across the UK.”
Francesco Surace, UK Finance Director at Traka, continued:
“We are dedicated to satisfying end-user needs for security, safety and convenience and believe that our partnership with White Oak UK demonstrates our commitment by making our solutions more affordable for our business customers.
“White Oak UK was the natural partner of choice due to the high level of service they offer, along with the ease and speed of their applications. We look forward to working with them as we continue to provide unparalleled security solutions across a range of markets.”
White Oak UK’s vendor finance is an increasingly popular option for equipment vendors, helping them to increase sales opportunities by overcoming budget barriers and improving cash flow by shortening sales cycles often involved in cash purchase decisions.
Partners also have the use of White Oak UK’s Partner App, which enables vendors’ sales teams to easily structure finance to meet customer budgets, provide finance quotations, submit applications and receive email updates.
White Oak UK, who rebranded from LDF in July, has been providing flexible business finance solutions in the UK for more than 30 years. In 2017, the firm provided over £511million in funding to businesses, having also broken the £1billion mark on its own book in 2018 since its launch four years prior.
White Oak UK’s focus on simple, unbureaucratic business finance solutions has seen the business continue to gain significant momentum as a refreshing alternative to traditional finance offerings.