Since a lot of customers are experiencing troubles right
now, Cisco, which develops,
manufactures and sells networking hardware, software, telecommunications
equipment and other high-technology services and products, has introduced a
financial program to help its clients.
The company announced that buyers will be able to defer 95%
of their payments for new products until 2021. To cover financing for this
effort, it is disbursing $2.5 billion. Thanks to this, consumers will have the
opportunity to save their money and then, once the situation has improved and
they are in a better position financially, they can settle their bill.
How does the new financial
program work? Cisco customers will not have to spend any money for any software,
hardware or services they buy for 90 days. The order must be placed till July
25. After this, they pay 1% in the total contract value per month until the end
of 2020. In 2021, monthly payments, as stipulated in their agreements,
have to be completed.
According to Kristine Snow, president of Cisco
Capital, customers wanted to know how the company could help them with their
daily operations, such as working from home, in this time of uncertainty. She
says that “They can acquire the technology now” and they already “know when and
exactly how much” they have to pay.
Cisco
allows clients to defer payments
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