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Cisco Capital Highlights Flexible Financing Solutions to Help Accelerate Business Innovation in the Middle East at Gitex 2012
Published Oct 16, 2012
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Cisco Capital demonstrated the range of financing solutions available to Cisco customers throughout the Middle East at Gitex 2012. Cisco Capital (Dubai) Limted., regulated by the Dubai Financial Services Authority and based in the Dubai International Financial Centre, is an arranger of financing solutions to enable Cisco customers to acquire the latest Cisco technology. Since 2009, Cisco Capital has been serving customers across the entire Gulf region, North Africa, the Levant and parts of central Africa, providing end user financing, including leases and loans for Cisco products and services.
Cisco Capital specializes in providing financing solutions for Cisco’s customers and channel partners worldwide and tailors financing options for specific technologies, markets and geographies for Cisco-based solutions in more than 145 countries. With customized solutions for financing technology investments, organizations can spread the costs of new technology and services over time, maximize cash flow and conserve valuable capital budgets.
Highlights/Key Facts:
• Cisco Capital is a world-class financial services organization specializing in financing networking and communications technology and services for Cisco customers and channel partners worldwide. Cisco Capital is part of Cisco’s total solution, bringing a deeper understanding of Cisco’s products, services and customer business requirements than banks and outside financial institutions.
• Its offerings include:
- Technology Financing – Attractive and flexible financing options available for Cisco technology solutions including hardware, software and services.
- Channel Financing – With its financing partners, Cisco Capital provides credit lines and payment terms beyond Cisco’s standard net 30-day term.
- Pre-Owned Equipment – The Cisco Capital organization is also responsible for all resale of Cisco certified refurbished equipment, including end of life product and end of lease returns.
• Cisco Capital’s leasing penetration and portfolio are intentionally growing in scale and size, as Cisco leverages the customer, partner and shareholder value that Cisco Capital delivers. It employs prudent lending practices, while being conservative in accounting and revenue recognition of these activities.
• Cisco Capital’s goal is to support business transformation for customers and provide partners with growth opportunities (top line) and profitability/margins (bottom line).Within this context, Cisco Capital has developed a notional and quantitative review process monitoring default probability, loss-given-default, expected loss, unexpected loss, and catastrophic loss.
Executive Quotes:
Rick Phillips, regional manager, Cisco Capital, Middle East
“In today’s competitive business environment our customers are under pressure to stay ahead of the game by keeping abreast with technology investments. To that end, the decision they are making is not only what to buy but also how to buy. Cisco Capital financing solutions help our customers to optimise available budgets thereby allowing them stay focused on converting customer needs and growing their business. Offering a total business solution allows us to work more strategically with our customers throughout the Middle East helping to provide a competitive edge that will differentiate their offerings from their competitors.”
Posted by
VMD - [Virtual Marketing Department]
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