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6 Timely HPE Financial Services Coronavirus Relief Initiatives

Hewlett Packard Enterprise Financial Services is mounting a massive coronavirus relief effort that includes $2 billion in financing aimed at saving jobs and fueling IT investment. In an interview with CRN, HPEFS President and CEO Irv Rothman details six timely HPEFS coronavirus relief efforts.

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HPE Financial Services: We’re Here To Help

At 1,800 employees strong, HPE Financial Services has stepped up to help customers including essential businesses like hospitals respond to the “unprecedented” financial fallout from the coronavirus pandemic. The massive effort includes $2 billion in financing for a Payment Relief Program and a slew of other services.

In Germany, HPEFS reps worked over a weekend to get five hospitals the equipment they needed to respond to the pandemic, said HPEFS President and CEO Irv Rothman.

“We have a history of being very responsive and doing what’s necessary to keep partners and customers moving,” said Rothman, a 47-year financing veteran who has navigated multiple crises such as the 2008 financial meltdown and the Sept. 11 terrorist attack. “We have stepped it up during this crisis.”

In fact, HPEFS has seen an “uptick” in customer requests for asset management and other services in the wake of the pandemic, said Rothman. “This came from out of the blue,” he said of the global pandemic. “The severity is unprecedented.”

HPE partners said they expect the $2 billion HPEFS payment relief program and other HPEFS services to save jobs and fuel IT investment.

“This is a very significant relief offering by HPE Financial Services at a time when revenue flow into many organizations is highly constrained or has stopped completely,” said Dan Molina, chief technology officer at Nth Generation, San Diego, one of HPE's top enterprise partners and No. 354 on the 2019 CRN Solution Provider 500. “We think we can help many of our customers get through this crisis with this payment relief program. The flexibility to acquire needed technology without a major capital outlay is going to be very welcomed by our customers.”

Rothman, for his part, said the digital transformation sparked by the HPEFS relief effort is going to provide the technology muscle customers need to rebound from the pandemic.

“I don’t know the shape of the recovery or when it is going to come, but there is going to be a recovery,” he said. “Customers need information technology infrastructure. The time to be investing for the recovery is actually now.”

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