IT vendors/resellers/partners benefit from offering simple financing solutions to their customers. This is because financing works by helping companies overcome financial obstacles. It also helps them close more sales and increase their average transaction size. Offering a financing solution can help your business attract new customers and earn repeat business. This is because financing gives your clients a flexible and convenient way to pay for their technology needs.
At Technology Leasing Limited, we have over 30 years’ experience of successfully providing IT asset/software/services financing solutions to multiple partners/companies/clients across the UK. Our name reflects the market we are in and what we can offer to that market. Head over to our about page to learn more about us and what we do.
Here are the top five benefits of financing/leasing:
- Increase sales
Financing can help your business increase sales. It works by giving customers the flexibility to make regular payments that work within their budget constraints. By introducing financing options at the beginning of your sales conversations, you can eliminate the biggest barrier to closing a sale. Remember you will never lose a sale by offering a finance solution, but you might if you don’t!
- Increase average order value
Using financing solutions is an effective tool for up-selling to customers. This will help you increase your business’ average order value. This shows customers how a slight increase in their monthly payments can allow them to get the infrastructure they want. It’s therefore not just a compromise to fit their cash availability.
- Improve cash flow
Boost your business’ cash flow by using Technology Leasing. Once your customer’s facility is approved and the equipment/solution is delivered, you’ll receive the full purchase amount in your bank account within a few business days.
- Attract new customers
Offering financing solutions allows you to incrementally grow your customer base by making equipment/solutions/services affordable for more customers. Financing also breaks down purchases into manageable payments that customers can align with their cashflow.
Technology is inherently ever changing/moving forward and using the correct financing solution allows your customers to return to you to refresh/upgrade their solution as and when it is needed, not just when enough capital has accumulated. Customer loyalty is increased considerably when they know they have the ability to stay at the forefront of technology without financial constraints.
If you would like more information on our finance and leasing options and why financing works, then head over to our contact page on our website to speak to a member of our team. Furthermore, if you would like to talk to us over the phone then please call 0116 243 8822 or email us on firstname.lastname@example.org.