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IT vendors offer new financing options for cash-strapped enterprises

Enterprise equipment vendors are rolling out financing and relaxed payment plans in an effort to keep customers buying during the COVID-19 lockdown that might be stressing their budgets.

For example, Nutanix, the hyperconverged infrastructure (HCI) software provider, announced the Nutanix Special Financial Assistance Program (NSFAP) that provides its partners extended payment terms to give them more financial flexibility. Nutanix also offers financing options for customers through Nutanix Financial Solutions (NFS). 

The program runs through May 31, and participating partners can offer the extended payment terms to their customers. The length of the term extensions will be based on individual partner’s needs, according to the company.

Nutanix Financial Solutions, the company’s finance arm, is offering 180-day deferred payments, customizable payment plans and cash trade-in of existing assets. The company has struck a deal with Procurri, a data-center lifecycle management company, to run a joint buyback program for legacy IT equipment.

Nutanix has a program called FastTrack for virtual desktop infrastructure, which enables channel partners to rapidly create secure VDI environments for existing customers.

The company has also launched a work-from-anywhere initiative that includes a 30-day free trial of Xi Frame, the company’s desktop-as-a-service offering that lets customers choose from cloud providers like Amazon Web Services, Microsoft Azure, Google Cloud, or Nutanix AHV to rapidly deploy desktops across the globe, according to the company.

Copyright © 2020 IDG Communications, Inc.

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