IBM unveils Rapid Financing smartphone app for UK partners

IBM has launched its Rapid Financing smartphone app in the UK to make it easier for its partners to approve and set-up customer financing agreements.

This mobile app is the first IBM has released for the B2B community and it is based on the firm's IBM Rapid Online Financing tool.

Available on the Android and iOS platforms, the Rapid Financing app can be used by non-financing experts, and aims to generate contracts for credit applications within 15 minutes.

When a user inputs customer information into the app, such as the product and price points, it automatically triggers a credit check and if approved can issue contract in minutes, explained Ajay Khindria, IBM's UK and Ireland Global Financing executive.

"Through feedback from the channel IBM has learnt that CFOs are increasingly getting involved in the smaller deals a company makes, which makes it imperitive that our partners are as well prepared as possible," he told IT Pro.

"Our partners have been asking for simplicity and speed to help push through deals and this is what we have provided. In the social and mobile world people want to do things quicker."

In the UK, IBM has 50 partners who are signed up to its supplier relationship agreement they will have priority access to the app. .

The app is now available in the UK, US and China and IBM plans to rolls it out to another 30 countries during the course of 2013.