Financial solutions provider Cisco Capital has launched its new easylease low-rate financing programme in South Africa as part of US-based information technology giant Cisco’s ongoing commitment to help the country’s small and medium-sized businesses (SMBs) invest in next generation technology.
“This financing programme is designed to help SMBs adopt advanced technology quickly and easily, with minimal initial investment and maximum convenience,” Cisco Capital said in a statement.

Cisco Capital financial solutions South Africa manager Colleen Fynn said the National Development Plan sets ambitious goals for South Africa’s SMB sector, including a target for 90% of employment opportunities by 2030.

“It is therefore becoming increasingly crucial that this sector invests in new and relevant technology, which will ensure that SMBs remain competitive and are one of the pivotal sectors driving economic growth.”

Cisco Capital president Kristine Snow explained that easylease made it simple for SMBs to invest in the technology they need through monthly repayments, helping them maintain consistent and balanced operating and capital expenditures through streamlined documentation.

“This financing programme offered by a local financier puts Cisco technology within reach of more SMBs, enabling them to equip their workforces with the latest information and communication technologies to improve productivity.

“Giving South African customers’ immediate purchasing power, with the option to spread payments over time at competitive rates, in turn, benefits Cisco’s partners,” she said.

“As an integral part of Cisco’s total solution, Cisco Capital is uniquely positioned to find the most competitive and flexible financing solutions for our South African customers.”

Snow explained that some of the primary challenges SMBs face include a tough economic environment, financial constraints, and employing and retaining a skilled workforce.

“Through easylease, we enable customers to acquire their desired Cisco solution so that they may enjoy the benefits that the technology brings to their business; all while reducing total cost of ownership."

Fynn concurred, adding that SMBs in South Africa increasingly understood the critical impact that technology can have on their businesses, but were often restrained from purchasing the solutions they needed because of the challenging economy and budget issues.

“easylease makes the 12-month interest-free repayment option particularly appealing. With the SMB sector set as a key growth and employment-providing opportunity for South Africa, Cisco Capital is enabling many more businesses to make the vital investment in technology they will need to thrive in the digital age,” she said.

easylease is accessible in South Africa through Cisco certified channel partners for all Cisco products and services.