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|Cisco is helping SMB customers overcome COVID-19 disruptions|
Cisco has launched the financing programme, which is available for SMBs in Singapore, Malaysia, Philippines, Thailand, and Vietnam.
The pandemic and ensuing lockdowns experienced across the region to control its spread, have disrupted supply chains and decreased business activities, which has resulted in declining revenue and interrupted cash flows.
As governments starts to ease some of these restrictions and reopen the economies, SMBs are looking to adopt technology and digitise their business to open new growth opportunities and contribute to the overall economic recovery post COVID-19. The new programme from Cisco is aimed at providing financial support to SMBs that seek to equip themselves with the necessary tools and solutions to accelerate their business in the new digital era.
“The outbreak of COVID-19 has had a huge impact on SMBs across the country. However, the situation has also brought about a rapid shift in the mindset of SMBs as they are now more receptive to the idea of integrating technology in various aspects of their business and accelerate their digital transformation journey not as a means of survival in the current environment but also for driving future growth. The financing programme will make it easier for local SMBs to start on that journey. The world is going through an uncertain economic period and at Cisco, we are committed to doing our part to help lighten the burden for Vietnamese SMBs,” added Thuy Thi Le Luong, managing director for Cisco Vietnam.
The 0 per cent financing programme will provide SMBs access to the necessary technological enablers from Cisco that include software, hardware, and services without breaking their budget. Customers will enjoy a three-year, full payout lease plan where they pay equal 36-month payments on their Cisco purchases that costs between $20,000 to $300,000. Customers will fully own the equipment at the end of the contract period.
“This financing programme offers built-in capabilities to ensure successful cash flow management for SMBs. Businesses can secure the technology they need to run their business with regular, predictable payments and 0 per cent interest rate. They can also eliminate upfront costs, preserving their financial resources for other business priorities,” said Raz Mohamad, director of small business and commercial for ASEAN at Cisco.
“Small- and medium-sized enterprises are the backbone of ASEAN economies, accounting for over 85 per cent of total business establishments and making up the main contributions to private sector employment in the region. However, they are currently facing the biggest challenges to their operations. Technology can help solve some of their key issues and revitalise their operations. It is more important than ever for partners like Cisco to provide the much-needed assistance, not just through our solutions and expertise but also through programmes that can help alleviate financial concerns,” he added.