
Corporate IT Payment Deferral Program; HPE Launches $2B in Loan Relief for Enterprises
Hewlett Packard Enterprise (HPE) is turning to its financial services unit to extend over $2 billion in financing and programs to aid business clients with cash management challenges and apprehensions amid the global pandemic.
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CIO Applications Europe | Tuesday, April 21, 2020

Fremont, CA: Hewlett Packard Enterprise (HPE) is turning to its financial services unit to extend over $2 billion in financing and programs to aid business clients with cash management challenges and apprehensions amid the global pandemic.
“Customers and partners are looking to preserve cash right now,” Brad Shapiro, managing director of HPE Financial Services Americas, said. “But while they are looking to preserve cash, they also have technology needs due to work from home and online business expansion.”
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HPE’s financial services unit and asset management division is part of its 2019 goal to extend everything-as-a-service (EaaS). The financing alternatives and cash management programs are intended to help its business customers of all sizes and sorts with better cash flow and liquidity. The assistance is part of HPE’s overall COVID-19 outreach initiatives.
Michael Swan, global director of business for HPE Financial Services, pointed out the payment deferment programs could apply for leases from 24 to 60 months. There is also a program that allows customers to purchase pre-owned HPE technology, such as components, parts, and systems. With the current supply chain issues, Swan said pre-owned HPE technology is becoming a more popular option. Another program allows businesses to monetize IT infrastructure by exchanging assets for capital that can be utililized for new purchases. HPE said the aggregate program gave $642 million to customers over the past few years.
Businesses can get the technology they need right away and pay one percent of the total contract value each month for the first eight months, pushing 90 percent of the cost into 2021. In 2021, the payments would amount to 3.3 percent of the contract.
“While we don’t yet know the full impact of the COVID-19 pandemic, we do know that it is a challenge unlike any we have faced in recent memory. I’ve learned that in volatile and uncertain times, we must focus on and prioritize the things that are within our control. This mindset is driving HPE’s response to COVID-19,” Antonio Neri, chief executive officer, said in a blog post last month.
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