Encourages organizations to invest in Cisco technology and services to maintain productivity and business continuity while deferring payment to 2024
News Summary:
- New program from Cisco Capital allows customers to defer payments until 2024.
- Customers can invest in Cisco technology and services to maintain productivity and business continuity, while minimizing cash outlay
- For partners, the program provides another flexible payment option to introduce to customers
SAN JOSE, Calif., May 3, 2023 – Today, Cisco is continuing its commitment to help organizations navigate an evolving economic landscape with the introduction of the Cisco Capital Business Acceleration Program. Offered through Cisco Capital, the program is designed to help customers mitigate financial challenges based on overall market uncertainty. The Cisco Capital Business Acceleration Program is expected to enhance organizations’ access to the solutions they need to keep investing in their ongoing digital transformation.
“The Cisco Capital Business Acceleration Program is in response to customer and partner requests to help mitigate financial challenges based on overall market uncertainty and the impact that it is having on their businesses. Our goal is to provide payment options that allow continuous technology investment to maintain productivity and business continuity while minimizing cash outlays,” said Kristine A. Snow, SVP and President, Cisco Capital. “Customer success is our priority. The new program is designed with this in mind and will help address some of our customers’ most pressing concerns.”
Cash flow is a top concern for Cisco customers and partners in the current environment. The Cisco Capital Business Acceleration Program will allow customers purchasing Cisco products or solutions before July 29, 2023, to defer all payments until 2024. Payments deferred until 2024 would be based on the total amount financed and contract terms. For partners, the program provides another flexible payment option to introduce to their customers enabling them to make needed Cisco technology investments today, while maximizing cash preservation.
All Cisco solutions are eligible for this program, including hardware, software, and services, as well as select partner services and third-party hardware. To complement the initiative, the Cisco Refresh portfolio of Cisco certified remanufactured products is also eligible for the Cisco Capital Business Acceleration Program, helping organizations acquire competitively priced and ready-to-ship hardware.
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Payment solutions, applicable financiers and availability of any referenced programs will vary by jurisdiction. Financing and service offerings through Cisco Systems Capital Corporation and its affiliates (collectively, “Cisco Capital”) are available in certain jurisdictions and are subject to credit approval and execution of standard Cisco Capital documentation. Payment solutions not available through Cisco Capital may be offered by an independent financing source. Rates and terms are based on customer’s credit rating, offering types, product types and options. Not all customers may qualify. Not all services or offers are available in all jurisdictions. Other restrictions may apply. Cisco Capital reserves the right to change or cancel the foregoing at any time without notice. In California, loans offered by Cisco Capital will be made or arranged pursuant to a California Financing Law License.
All quotes and deferral period are subject to change based on final delivery and funding date.
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