Cisco Capital launches in CEE

Eastern European SMEs are set to gain
extra technological capabilities, following the launch of Cisco
Capital’s financing programme, EasyLease, which allows SME
customers to adopt network technology more efficiently through
leases for Cisco products and solutions. 
Cisco Capital, the financial services arm of networking equipment
supplier Cisco, has established the programme through local finance
houses; BPH Leasing in Poland, Raiffeisen Leasing in the Czech
Repubilc, Hungary and Bulagria, and Denizleasing in Turkey.
The programme also offers solutions and products under flexible
terms and fast credit processing, as payments can be made monthly
or quarterly, thereby giving businesses consistency in operating
and capital expenditures.
A Cisco commissioned survey found that Central and Eastern European
SMEs see technology as the best way to address business challenges,
reduce costs and increase productivity. But, according to Cisco, a
gap between the usage of basic networking technology and new
network-based communication is still prevalent.

“The biggest barrier for SMB companies is not the technology
itself, but the lack of funds to implement new IT solutions,” said
Kaan Terzioglu, Cisco’s vice president for Central and Eastern
Europe.
“Adequate financing can help remove budget issues, allowing
companies to invest in advanced technology that will improve
business productivity and operational efficiency while minimising
costs. The competitive financing offer by Cisco Capital’s local
finance partners puts Cisco technology within the reach of
SMBs.”