Former maker of expensive printer ink, Hewlett Packard Enterprise (HPE) has launched a finance scheme to help vendors through the COVID-19 pandemic.
HPE said its initiatives will “relieve financial pressure on HPE partners and assist with business continuity planning”.
The vendor has suspended the revenue threshold for resellers to maintain their partner programme status, while payment terms will be increased from 60 to 90 days.
Distributors will benefit from a “significant reduction” or suspension in strategic development initiative targets.
HPE Financial Services had already announced a $2 billion support package for customers that would allow them to spread out payments further than usual.
HPE Global channel boss Paul Hunter said: “Our partners are at the core of HPE, so when they are facing potential challenges, it’s our duty to step up and be a pillar of support.
“Whether it’s helping them drive business as usual, relieve financial pressure, or simply giving them peace of mind during this time, our aim is to have a thriving ecosystem better able to meet customer needs.”
