The headlines in recent months have been filled with bleak economic news. The United States has escaped a recession so far, but individuals and corporations are feeling the pinch. Unfortunately, while cash flow may be low for many, the need for the latest innovative technologies to help with work, education, and everyday life has only increased. To address this discrepancy, the Cisco Capital Business Acceleration Program was created so customers could have more access to the technologies they need to keep their businesses on top, despite a lack of cash on hand. Interested parties should act quickly before this lucrative opportunity expires at the end of July, 2023.
Launched in May of this year, the Cisco Capital Business Acceleration Program allows customers who purchase Cisco products and solutions by the end of Cisco’s Fiscal Year on July 29, 2023, to defer payments until 2024. As a result, both customers who need technology but lack the funds to pay for it and distributors looking to make an additional sale can benefit. Sean O’Leary, Director, Cisco Capital Partner Relationship, shared in an interview with EDGE360, “The reason behind the creation of this program was to bridge the gap customers may be having in their budgets with the increased cost of capital and the slowing of the economy. The objective of this program is to provide a way for customers to acquire Cisco technology today and pay for it after they can start to monetize their return on investment.”
The deferment process is easy for both the customer and the partner. As O’Leary explained, once approved, a customer enters into a payment agreement with Cisco Capital. Once the solution is fully shipped, the deferral will be calculated. No matter when the solution is shipped, the first payment is due in January of 2024. “The benefit for the customers is being able to continue their digital journeys without having tightened budgets affect them. This also allows some customers to get the solution in place and potentially start generating revenue with the technology prior to having to make payments, increasing their return on investment,” O’Leary added.
The program from the team at Cisco Capital is available throughout the Americas in Brazil, Canada, Chile, Mexico, and the United States. The minimum deal size is USD $50,000, or its equivalence in local currency, but all Cisco solutions are eligible, including hardware, software, and services, as well as select partner services and third-party hardware. Most importantly, all orders must be placed with Cisco no later than July 29, 2023.
Programs like the Cisco Capital Business Acceleration Program are designed to enable partners to serve their customers better, and customers to acquire the technologies they need to compete in the modern world. O’Leary emphasized that if this particular offer doesn’t quite meet a customer’s needs, partners should be sure to reach out to their Cisco Capital representative. “Our Financial Solutions Managers are here to help both customers and partners architect a financial offer that works for them,” he said.
Partners who are interested in learning more can visit the Cisco Capital Business Acceleration Program here.
