Cisco has announced the launch of its “Cisco Capital Business Acceleration Program,” designed to help customers mitigate financial challenges based on overall market uncertainty.
The 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.
“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 of 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.”
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.
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 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. Other restrictions may apply.
The Cisco Capital Business Acceleration Program is expected to enhance organizations’ access to the solutions they need for their ongoing digital transformation. For partners, the program provides another payment option to introduce to their customers enabling them to accelerate necessary technology investments while maximizing cash preservation.