Small businesses can finance like big businesses do

30 Apr '08

3 min read

These financial institutions profit from the businesses' sales and services while business owners lose control over communications with customers.

Designed for flexibility and ease of use, the program is a complete financial management system that calculates credit risk, manages monthly statements, and monitors, tracks and automatically issues customer letters.

In addition, the software is backed-up by a technical support team available during and after standard business hours.

Claudia Stemate, of Better Choice Foods in Clifton, NJ, is an early-adopter of in-house customer financing. "The program paid for itself in the first year.

We were able to seamlessly integrate it into our current operation," she said. "We handle financing in-house with all the benefits and none of the hassles.

It enables us to set up accounts for our customers making it easier for them to shop with us. For the first time, we are making money on finance rather than giving it away to a traditional finance company or bank."

Lauer said in-house customer financing can be implemented on a phased-in basis allowing businesses to finance all or only some of their clients based on credit scores and other factors.

"The credit challenges faced by businesses and consumers in economy make the benefits of Prinion Customer Financing even more valuable to business owners and consumers alike," he said.

Prinion Customer Financing

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