Industry stalwart Nitin Joshi is going solo with the launch of a business advisory service tailored to the channel.
ChannelMoney, which is set to launch this month, will act as a type of brokering service for channel firms, evaluating each business on an individual basis before pairing them up with the right kind of financial advice or service.
Speaking exclusively to CRN, Joshi, who has parted company with his previous employer Vantis, said: “The demand for a complete independent advisory service for the channel is overwhelming.
“This is not just insolvency related; it will offer channel players of all sizes advice on how to improve their finances and provide them with access to a range of top financial services.”
Joshi added that the firm will be based in Mill Hill, London and he is planning to open an office in Birmingham. It will not charge a membership fee and the initial consultation will be free of charge, he said.
Several high-profile industry figures have signed up to the ChannelMoney supervisory panel. They include Martin Williams, managing director of Graydon; Eddie Pacey, director of credit at Bell Microproducts Europe; and Nick Tiltman, credit manager at Computer 2000.
Pacey said: “One of the things the channel has lacked is an independent service that guarantees a degree of confidentiality and offers a wide range of financial services from people that actually understand the channel.”
Williams said: “The strength and value of the proposition is in the partners. As long as Joshi gets a good group of best-of-breed organisations behind him, it should succeed because there is nothing else quite like it in the industry.”
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