Novation Vendor Finance System

Customers need it

It’s a fact that over 80% of US businesses finance technology and other business essential equipment. It’s proven time and again through marketing campaigns that given the option to finance, customer’s who wouldn’t commit otherwise, choose to purchase. Customers who finance also tend to buy more and complain less about the cost of the product. Financing provides customers with the convenience, flexibility and best of all options.  

Plain and simple customers like to finance.  In fact, customers tend to gravitate to suppliers with a simple financing system. Novation Vendor Services helps your customers get what they want, your equipment.

Vendors need it

Novation Vendor Services understands the finance industry and we have strong relationships with the largest banks in the world.  We leverage our relationships to get the best financing systems for your customers that exist today. We take the strength of brokers and direct lenders to combine then into a successful financing system.  Here are just some of the areas that you will see a difference:

• Fast Approvals with limited information.
• Strong customer service.
• High approval ratios with competitive pricing.
• Quick turnaround on documents and funding.
• Simple and easy paperwork and processing.

Below are direct benefits you can expect from our proposed finance program.

• Increased Sales – We have helped vendors for years increase their sales with our system.  Offering certain types of financing available in your finance system will allow prospects that say no or later, to say, yes and now.
• Increased Profitability – The system will help customers focus on a budget affordability factor rather than the overall price.  Time and again we have witnessed increased profits directly related to reduction in discounting.
• More Market Share – The tools and training we provide as a part of your financing system, will empower your sales force with everything they need to out perform the competition as a ”one stop shop” for product and financing.  You will maintain control of the sale and shorten the overall sales cycle.
• Increased Cash Flow & Decreased DSO – One thing you can count on in the system is getting paid on time.  Our core purpose is to positively impact your finances.  We decrease your outstanding term accounts and get you paid in 3 days not 30.
• Controlled Capital – Capital Management is critical.  Anytime you loose control of the transaction workflow, there is an increased risk of a negative economic impact.  Our system, by nature, keeps you in tune with your customers funding progress.  We give you a “play by play” on the funding process “steering” the transaction away from any delays or deterrents to completion.