Cisco Capital Extends, Streamlines Leasing Program

As part of an effort to help channel partners manage cash flow, Cisco Capital has extended its zero percent progress payments program for million dollar unified communications projects through July of next year. The progress payment period has also been extended from 120 days to 180 days, and the paperwork has also been streamlined. According to the company, nearly half of Cisco Capital’s qualifying commercial unified communications transactions in FY’07 included progress payments. Part of the objective is to enable customers to make higher investments in technology but spreading out the payments over multiple quarters. Customers…. Do you prefer to have your financing arranged through technology vendors, or do you prefer independent third parties?