HPE Financial Services has announced the availability of a $2 Billion in financing to assist customers with business continuity, cashflow or liquidity problems stemming from the Coronavirus crisis.
A Payment Relief Program is also being put in place to help customers acquire new technology and ease other financial strains – pay only 1% of the total contract value each month for the first eight months, deferring over 90% of the cost until 2021. In 2021, each monthly payment would equal approximately 3.3% of total contract value.
Irv Rothman, President and CEO, HPE Financial Services
“This is a challenging time to lead a business. Today more than ever, IT leaders and CFOs play a central role in ensuring financial health while continuing operations. At HPE Financial Services, we are committed to helping businesses align their priorities from an IT economics perspective and provide them with concrete solutions so they can move forward.”
Generating cash from existing assets
HPEFS helps customers unlock value from their own technology through converting existing, owned IT assets into capital that can be applied to purchase new, upgraded technology. This incremental capital resource can help close the gap with IT expenditures or give customers the flexibility to support other parts of their business. HPEFS can also buy back excess newer generation technology that is no longer needed at the customer’s end. Over the last two years, HPEFS has infused more than $642 million back into clients’ budgets this way.
Deferring or reducing expenses
In addition to the HPEFS Payment Relief Program, the team is also enabling a 90-day delayed payment structure to help ease customers’ tight budgets. This payment deferral option is available on new technology purchases, and is eligible for a range of HPE hardware and select software, software appliances, services, and installation packages.
Matching payments to production
HPEFS offers customers a phased deployment program that allows them to acquire compute and storage capacity now with the flexibility to configure, test, and stand up systems before paying. This way customers can continue essential business without the restraints that the current crisis can have on their budget cycles or implementation timelines. The deployment schedule can extend out 12 months.
Relieving capacity strain or delivery delays
HPEFS is offering certified pre-owned HPE technology to address a variety of situations. A full portfolio of data center equipment, such as components, parts, subassemblies, feature upgrades or whole systems, is available off the shelf or custom-configured to meet customer budget or circumstance. This technology meets HPE OEM standards and comes with a standard 30-day warranty, eligible for additional HPE maintenance and support.
Offering short term rentals
Many customers also experience challenging capacity strain or delivery delays. The most common example of that is companies who are not ready for a work-from-home set up and need technology to empower a remote workforce. HPEFS can help by renting pre-owned HPE technology from three to twelve months, and new PCs for twelve months. This technology is factory-configured to customer specifications, available with warranty and eligible for HPE Pointnext Services support.
Source: HPE