The Hewlett Packard Enterprise announced that it is offering more than $ XNUMX billion in funding to help its clients face financial challenges stemming from its crisis COVID-19, including cash flows or liquidity issues.
Hewlett Packard Enterprise is also introducing new initiatives, including a Payment Relief Program to help its customers acquire new technology and alleviate some of the financial pressure created by the uncertain climate.
The $ XNUMX billion in Hewlett Packard Enterprise funding will be implemented to help its clients ensure the continuity of their businesses and adapt to the current environment, addressing new technological financing needs and transforming their IT infrastructure into new sources of capital.
In addition, through the new Payment Relief Program, HPE customers can acquire the technology they need today and pay only 1% of the total value of their contract each month for the first eight months, deferring over 90% of the cost for 2021. This can be a safety net that will help many companies to properly manage the financial impact they will have due to COVID-19 the next months. From 2021, each monthly payment will be approximately equal to 3,3% of the total contract value.
"This is a difficult time to run a business. "Today more than ever, IT executives and CFOs play a central role in ensuring financial health by continuing to operate normally," said Irv Rothman, President and CEO of HPE Financial Services. "At HPE Financial Services, we are committed to helping businesses prioritize their priorities and providing them with specific solutions so they can move forward."
Many businesses today are in dire need of maintaining cash flow, deferring or reducing their costs, and easing the pressure on their executives as well as delivery delays. "During this crisis, companies need help regardless of the size of the business or the industry itself.
"IDC recommends that organizations focus on two immediate needs: retaining their capital and using flexible payment options such as leasing or 'as-a-service' coverage of their emergencies with limited financial impact." Susan Middleton, Director of Research, Flexible Consumption and Financing Strategies at IDC, for IT infrastructure. "By devoting $ 2 billion in funding and leveraging its broad portfolio of flexible payment solutions, HPE will help business leaders manage to mitigate its impact. COVID-19 in their markets ".
HPE is developing various programs designed to address these priorities:
Creating cash from existing assets
HPE helps its customers unlock value from their own technology by converting existing, proprietary IT resources into capital that can be used to purchase new, upgraded technology. This increased capital resource can help close the IT spending gap or give its customers the flexibility to support other parts of their business. HPE can also acquire newer generation technology that is ultimately not necessary for the customer. Over the past two years, HPE has returned more than $ 642 million to its customers this way.
Postponement or reduction of expenses
In addition to HPE's payment mitigation program, the team is activating a payment structure with a 90-day delay to facilitate the "tight" budgets of its customers. This deferred payment option is available in new technology markets and is suitable for a wide range of HPE hardware and selected software, software devices, services and installation packages.
Correspondence of payments - production
HPE offers its customers a step-by-step program that enables them to acquire computing power and storage capacity, with the flexibility to configure and test systems before paying. In this way, HPE customers can continue their core business without the constraints of the current crisis on their budget cycle or implementation schedules. The development schedule can be extended to 12 months.
Alleviation of production pressure or delivery delays
Hewlett Packard Enterprise offers certified technology to deal with a variety of situations. A complete portfolio of data center equipment, such as supply of parts, components, sub-assemblies, feature upgrades or even entire systems, are available either standardized or tailored to the budget and occasion of each customer. This technology meets HPE OEM standards and comes with a standard 30-day warranty, which is suitable for additional maintenance and support from HPE.
Offer short-term leases
Many customers face a challenge regarding the pressure on their executives or delays in their deliveries. The most common example is companies that are not ready to work from home and need technology in order to strengthen teleworking. HPE can help them by renting proprietary technology for three to twelve months and new computers for twelve months. This technology is factory tailored to customer specifications, is available under warranty and is suitable for supporting HPE Pointnext services.
"Almost all companies are looking for help right now. Now more than ever, productivity and telework support are paramount, ”said Ashley Penner, CEO of Powerland. "Using HPE's certified technology ownership, Powerland is able to quickly provide the necessary technology for healthcare and education to its customers. "Cooperation with HPE is invaluable."
HPE is committed to helping its communities, customers and partners during this time of global uncertainty and uses its time, talent, resources and technology to meet the new challenges and demands facing organizations. as a result of COVID-19. For example, HPE recently launched VDI (virtual desktop interface) solutions to help its customers support and adapt to the growing demands of teleworking. For more information on HPE initiatives, you can visit HPE COVID-19 content hub and see the latest article by Antonio Neri, President and CEO of HPE.