“aka” In-House Customer Payment Plans
With majority of business processes automated – payment plans are more
readily available than ever before. This includes business goods, services, and
consumer goods – almost everything under the sun can be financed.
With that being said it is crucial for a business to offer payment plans for products and services to keep up with competition and most importantly grow sales and increase revenue.
Commonly, a customer that wants or requires a finance option is often not going to share that with whom they are purchasing from. Keep in mind, 100% of your customers that pay cash are already doing so. So suppliers offering a financing option have the chance to convert more existing prospects into buyers.