ThinkSmart extends JB Hi-Fi deal

Perth-based office and computer equipment financier ThinkSmart has extended its contract with JB Hi-Fi until mid-2014.

The extension includes an agreement to integrate ThinkSmart's patented QuickSmart online processing system with JB Hi-Fi's point of sales system to provide e-signature and paperless processing.

"Enhancing customer experience is paramount in driving both in-store and online sales," ThinkSmart chief executive Ned Montarello said.

"These new initiatives are designed to do that."

ThinkSmart said the deployment of the Quicksmart system in JB Hi-Fi stores in April 2009 had helped deliver a 60 per cent reduction in customer processing times.

"It's exciting that we are extending our agreement with JB Hi-Fi in Australia and New Zealand at the same time as we aim to bring e-signature technology and paperless processing to the Australian electrical in store and online retailing marketplace," Mr Montarello said.

"The implementation of these latest initiatives will also deliver further operational efficiencies for both JB Hi-Fi and ThinkSmart.

ThinkSmart shares were steady at 79 cents at 1:10PM (WST).