Xerox has signed Lexmark as the first OEM client for Xerox Financial Services (XFS), a new global payments solutions business. XFS, which finances both Xerox and third-party workplace technology needs, will provide financing for selected Lexmark MPS engagements.
XFS expands on a decades-long record of financing Xerox equipment and services to become a one-stop shop for financing critical workplace needs including software, hardware, IT services and other assets sold by both Xerox and third-party companies. XFS also will continue to support Xerox Business Solutions (XBS) companies, as well as external multi-brand dealers.
In addition to offering simplified billing and bundled offerings, XFS will use robotic process automation to power near-instant loan processing, creating a seamless customer experience.
“Lexmark selected XFS as a financing partner based on their experience in imaging products and services,” said Brock Saladin, Lexmark’s Senior Vice President and Chief Commercial Officer. “We look forward to working with XFS to provide additional financing options for this important part of our business.”