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Cisco Capital announced the launch of its Zero Percent Progress Payments Program for the Cisco Unified Communications (News - Alert) system in the Asia Pacific region.

 

The Zero Percent Progress Payments Program is designed to enhance the affordability of unified communications (UC) solutions for Cisco (News - Alert) partners and customers and will be available until July 25, 2009. Leveraging this financing program, customers can defer payments for up to 120 days without interest during their Cisco Unified Communications system deployment. Channel partners too could receive progress payments from Cisco Capital when installation milestones are reached.

 

This financing program, designed for benefiting of both the customers and channel partners, help customers when they are required to make deposits prior to full deployment of unified communications projects and enables channel partners to manage their cash flow on projects with long implementation times.

 

“The unified communications market is experiencing tremendous growth in Asia Pacific as organizations have begun to understand the flexibility and power of the technology,” said Benny Lee, Cisco's managing director of Unified Communications in Asia Pacific. “In addition to the host of collaboration-solution enhancements that Cisco announced today, we have also taken this step to make it easier for partners to deploy, and for customers to acquire, Cisco Unified Communications solutions.”

 

"Cisco Capital recognizes that Cisco Unified Communications deployments can have cash flow impacts for both partners and customers when upfront payments, or multiple payments, are required to be made to Cisco during implementation," said Rajiv Menon, director of Cisco Capital in Asia Pacific. "With this program, both partners and customers are able to better manage expectations based on a structured deployment and payment schedule. The Zero Percent Progress Payments Program has been available in the United States and Canada for more than two years and is one of Cisco Capital's most successful channel partner enablement tools."

 

To qualify for this program Cisco channel partners must hold a Cisco Unified Communications Specialization with minimum transaction size of $50,000. Further, this program is not available in Vietnam, Indonesia or the Philippines.