Cisco announced Tuesday that it’s launching a $2.5 billion financial relief program to help its customers and partners mitigate the economic challenges resulting from the COVID-19 pandemic. From a report: The new financial program — offered through Cisco Capital, the vendor financing business within Cisco — features a 90-day payment holiday that allows customers to defer 95% of the cost of a new product or technology until 2021. The program also offers support to Cisco’s partner ecosystem, allowing partners to offer their customers alternative payment plans in line with their cash flow. In addition, Cisco is promoting its pre-owned product program Cisco Refresh as another option for fiscally-conscious customers.
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Source:: Slashdot