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Bridging finance and sustainability: HPE Financial Services’ evolution
HPE Financial Services has transitioned from a traditional IT financing company to an IT asset lifecycle management company, according to Michael Swan (pictured), vice president of Financial Services at Hewlett Packard Enterprise Co.
Swan spoke with theCUBE industry analysts Lisa Martin and Rob Strechay at the recent HPE Discover event, during an exclusive broadcast on theCUBE, SiliconANGLE Media’s livestreaming studio. They discussed the financial and asset management engine, new service offerings from HPE and how partners can transform their businesses into an “environmentally friendly machine.” (* Disclosure below.)
The Force For Good Program
A recent announcement from HPE revolved around HPE Asset Upcycling Services. This new HPEFS’s Force For Good Financing Program helps organizations manage IT equipment that is not longer needed and adopt newer, more energy efficient products, including HPE ProLiant Gen11 servers.
“What we’re aiming to do is drive reuse before recycling,” Swan said. “We’re looking to put that equipment back into use with another customer or back into the circular economy as we oftentimes refer to.”
Companies don’t always think of finance and sustainability in the same sentence. But HPEFS is working to change that, according to Swan. Companies that already have a “sustainability ranking” see their opportunities for the program increased tremendously. Swan provided insights about certifications that are available to provide these sustainability rankings.
Once “one of those organizations has already accredited you and given you a sustainability ranking over a certain level, then you automatically qualify for that program,” he explained. “It’s a way for us to try to engender some affinity to sustainability and use it as a catalyst if a customer isn’t already thinking that way. We want them to be thinking in that way.”
Here’s the complete video interview, part of SiliconANGLE’s and theCUBE’s coverage of HPE Discover:
(* Disclosure: Hewlett Packard Enterprise Co. and Intel Corp. sponsored this segment of theCUBE. Neither HPE and Intel nor other sponsors have editorial control over content on theCUBE or SiliconANGLE.)
Photo: SiliconANGLE
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