Cisco Launches Innovative Financing Offerings to Maximize Value of Technology Investment for Small and Medium Businesses
Flexible Payment Options and Lowered Threshold for Advanced Network Services
India, July 03, 2008 - Cisco®, today announced the launch of ‘0% Financing for Cisco Multi-year Services Program’ in India to help small and medium-sized businesses (SMBs) meet the rising demand for technology to succeed in business. This innovative financing program testifies to Cisco’s continued commitment to helping SMBs transform their businesses with technology, while lowering total cost of ownership (TCO) and enhancing the value of technology investments with flexible payment options.
Advanced technology is a key differentiator that can help businesses enhance competitiveness in the market. SMBs, like multinational companies, are looking to technology to improve business agility, operating efficiency and staff productivity. However, one of the biggest challenges for SMBs is their budget constraint, which hinders timely decisions on technology procurement and deployment, and as a result affects their business development.
"As part of our commitment to the SMB market, Cisco Services strives to bring to SMBs sophisticated services and solutions that have long been only affordable by larger enterprises. With the introduction of these competitive offerings, we expect to see considerable growth in the SMB market," said GB Kumar, senior vice president, Customer Advocacy, Cisco India & SAARC.
"Most SMBs have realized that technology is critical to enhancing their competitiveness in the market, but on the other hand, many of them see technology as an expense that puts pressure on their company cash flow. The ‘0% Financing for Cisco Multi-Year Services Program’ has been specially designed and introduced for SMBs to help them deal with this dilemma", said Gautam Munish, vice president, Cisco Capital, India & SAARC.
The ‘0% Financing for Cisco Multi-Year Services Program’ is offered by Cisco Services and Cisco CapitalTM. It provides an interest-free financing package for multi-year contracts for Technical Services, SMARTnet and Advanced Services programs, to address the budget concerns SMBs face.
The program provides SMBs with immediate return on investment (ROI) by allowing them to align their expenses with monthly revenue. It also helps lower TCO for a company, enabling effective management of cash flow and resources. With multi-year service contracts, SMBs can lock in current services pricing for years and eliminate the hassle of contract renewal.
Cisco Services finance offerings are available for SMBs purchasing Technical services, SMARTnet and the Advanced Services Program with a minimum deal size of US$50,000 net per annum in India. For more information about the ‘0% Financing for Cisco Multi-Year Services Program’, see http://www.cisco.com/web/HK/ordering/capital/index.html
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