- Opportunity for SMB partners to offer alternative ways to fund the purchase of new Cisco solutions – at zero interest for up to three years
- Funding can be pre-approved in order to progress new business without delay
Basingstoke, 02 February 2022 – Tech Data, a TD SYNNEX (NYSE: SNX) company, has announced the availability of Cisco Easy Pay, zero-percent financing options through its Tech-as-a-Service platform, giving Cisco partners the opportunity to offer their customers a simple way to fund the purchase of new equipment without having to find the up-front capital expenditure.
The initiative is backed by CF Corporate Finance Limited (part of the Investec group of companies) (“CF Corporate”), Tech Data’s long-term finance partner for Tech-as-a-Service. With Cisco Easy Pay, partners have the flexibility to provide funding for lower value requirements and can bundle software and services into the package, all covered by a single monthly payment – at zero interest – over one, two, or three years. Providing a quote and applying for the financing is made easy due to the streamlined Tech-as-a-Service process.
Significantly, providing the request for funding through Tech-as-a-Service meets pre-set criteria, proposals can be pre-approved in order to provide fast and efficient funding options.
Tony Nevill, director, Cisco and enterprise networking, UK, Tech Data, said: “Having Cisco Easy Pay available through Tech-as-a-Service is a real breakthrough. It gives SMB partners a way to make use of Easy Pay for smaller customers and also makes it much easier to access and use the scheme. Previously, Cisco Easy Pay would only have really been an option for deals of around £300,000 or more – with Tech-as-a-Service the deal can be any size. It’s a major opportunity for SMB-focused partners as it’s really the first time that they have been able to put forward Easy Pay as a viable option for their customers.”
Mike Yiannakou, director at CF Corporate, added. “Cisco Easy Pay going onto the Tech-as-a-Service platform is a great opportunity for Cisco SMB partners – and that’s why we decided to back it. It’s a great way for small organisations to fund the acquisition of new Cisco equipment right away, without having to find the up-front capital, and to spread the cost of their IT investment. We will be working closely with the Tech Data team to encourage Cisco partners to take a look at this convenient and flexible way for customers to fund their network infrastructure spending – it really is a great option and the one that makes the most sense for both the customer and for the partner.”
A pilot scheme of the Cisco Easy Pay option through Tech-as-a-Service has been running with a limited number of partners for the last six months, and several deals are already being written for Cisco equipment purchases funded by Easy Pay through Tech-as-a-Service.
CF Corporate has underlined its commitment to the scheme by appointing a dedicated business development manager for Cisco Easy Pay through Tech-as-a-Service.
Picture: Tony Nevill, Tech Data.