Deutsche Gets Cisco Nod

Cisco Systems Inc. has chosen Deutsche Financial Services as the finance intermediary for its new eAgent channel program. Under the agreement, St. Louis, Mo.-based DFS will extend trade credit financing and receivables management, on behalf of Cisco Systems to participants in the new eAgent program, which is designed to relieve qualified U.S. Cisco channel partners of the numerous financial burdens associated with hardware resale and to accelerate the transition to a services-based business model, which will increase partner opportunities. DFS, part of Deutsche Bank Group, offers inventory financing, accounts receivable financing, purchase order funding, end-user leasing, private label programs, accounts receivable purchasing, transaction management services, and integrated e-commerce services.