Arrow Electronics North American Components
Arrow OCS has assisted companies of various sizes, from pre-product startups to large, established, multi-national companies, to achieve a lower total cost of ownership.
We offer a wide range of financial service options, understanding your need for flexibility and the distinctive requirements it takes to help your business grow: Some of the financing options available to you are:
The Open Account is the most convenient form of credit for the customer. It is used to extend a line of credit under net terms. Net terms are usually 30 days, which means that a customer has 30 days from the date of invoice to pay for the product or service.
The advantages of this program include enabling a customer to bid upon new business opportunities, larger deals that require a larger credit facility than their approved open account line of credit. This increases the customer's overall purchasing and selling power. Credit approval is based on the creditworthiness of the end-user. There are two forms of escrow, visible and blind. Under a blind escrow, the end-user is not aware that OCS is involved in the transaction; the escrow transactions do not impact the customer's open account credit availability; the credit risk associated with the end-user is reduced as OCS evaluates the credit on the end-user; and the customer owns the sale. In a visible escrow, the end-user is aware that OCS is involved in the transaction.
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 customers.
Leasing is a simple way for companies to finance product over time rather than paying cash up front. OCS uses a variety of leasing companies to help the customer and end-user finance the purchase. OCS 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.
All financing programs are subject to approval by financial services senior management.