Sunday, October 15, 2006

Cisco Sets Up Financing Programs for Channel Partners

Cisco Systems announced new financing tools to streamline the leasing process for its channel partners serving small and medium-sized businesses, the fastest-growing segment of the voice and networking market.

Last year, Cisco Capital entered the SMB market with the introduction of EasyLease, a leasing platform that provides competitive financing solutions to complement Cisco's SMB growth initiatives. A key component of EasyLease is the @once finance tool, which initially provided fast-track credit approvals and lease pricing for transactions under $250,000. Cisco channel partners in 16 countries have already taken advantage of EasyLease to provide innovative financing solutions to their customers.

Cisco's U.S. channel partners can now use @once to generate lease documentation for transactions under $50,000. The company said its channel partners can no complete pre-sale credit applications, create a lease quote, and generate lease documentation in minutes.

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