Offering credits is a critical strategy for many businesses aiming to drive growth and foster strong customer relationships. By providing credit options, businesses can significantly increase sales by enabling consumers to make larger purchases or buy more frequently. This financial flexibility also fosters loyalty, as customers are more likely to return to businesses that accommodate their financial needs. However, it also means that these businesses always need to be proactive in managing their collections and conduct proper due diligence before extending credit to customers. In this blog, we have discussed the 5Cs of credit that allow businesses to gauge customer credit risk and make informed decisions. https://lnkd.in/ezRjdMDE #Credit #FinanceOps #GenesisOne #Collections #5CsOfCredit
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📊 MicroTrac: Monitor consumer credit behavior and trends with our advanced tracking tool. Make data-driven decisions for better outcomes. 📈🔍 #CreditMonitoring #DataAnalytics #MicroBilt 👉 Discover More: https://hubs.la/Q02G2m1q0
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BMO’s partnership with SpringFour has produced win-win impact by providing an empathy-first collections strategy while boosting business performance. Our winning partnership has driven significant results including: 🔷 772,000 referrals and counting delivered to customers 🔷 Millions of annualized credit loss benefit savings 🔷 More than 5x ROI in the first year SpringFour’s S4pro contact center tool helps BMO strengthen its customer relations to drive healthier financial futures for customers. With 25+ financial health categories, SpringFour offers customers a solution to manage a variety of hardships. Anuj Vohra, BMO’s Head of North America Collections, explains the power and importance of focusing on financial health solutions for their customers: “When you have a bank that stands behind consumers, that’s real financial progress. Now not only are we helping you manage your debt, but we are helping you manage how and where the next meal comes from.” Reach out to impact@springfour.com to learn how your organization can partner with SpringFour to provide winning solutions to your customers. Read the BMO and SpringFour Case Study in the comments below.
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🌟 Advanced verification solution, offering a refined ‘first look’ at application data for lenders and financial services companies looking to prescreen leads effectively. This solution is a pivotal component for those seeking a streamlined, low-cost alternative within MicroBilt’s product suite to further assist in reducing overall underwriting and customer acquisition costs. Head over to our website to learn more about iPreview and how it can benefit your business: https://hubs.la/Q02xLKCt0 💻👍 #iPreview #MicroBilt #alternativedata
Empowers companies to swiftly assess the risk level of potential loan applicants.
microbilt.com
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Make smarter deals with your customers! 🚗🤝 With AVA Credit Powered By Equifax your dealership can offer customers real insights into their credit quickly, securely, and without impacting their credit score. 💡 Empower your team to provide tailored financing options that close deals faster and build trust. Send me a direct message today #AVACredit #Equifax #DealershipSolutions #BetterDeals #CustomerFirst #Creditfirst
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Enhance your loan origination process with FUNDINGO. This guide for AgCountry Farm Credit Services offers strategies to boost efficiency and accuracy. Learn how to streamline operations, reduce errors, and improve customer satisfaction with advanced technology. Optimize your processes to stay competitive and deliver exceptional service. Click to explore more. #LendingSolutions #Efficiency #CustomerSatisfaction #AdvancedTechnology https://lnkd.in/ggsa7CYR
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📈 Understand your customers better with our Consumer Lending Report! Gain insights to make smarter lending decisions. 💼 See how it works: #LendingSolutions #DataInsights https://bit.ly/3BSUon1
📈 Understand your customers better with our Consumer Lending Report! Gain insights to make smarter lending decisions. 💼 See how it works: [Link] #LendingSolutions #DataInsights https://bit.ly/3BSUon1
Credit Decisioning & Verification
microbilt.com
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“Our commitment to [our merchants] is to help them convert more folks that are shopping in the store. So more people that are already there are asking to use credit and have been approved. How do we help convert them to sales? It's not necessarily about more foot traffic. It's about the conversion of sales.” Recently Ed O'Donnell, CEO of Versatile Credit, spoke to Karen Webster, CEO of PYMNTS, about how businesses are adapting to the evolving behaviors and expectations of their customers. Versatile Credit provides businesses with powerful tools to maximize the performance of their financing programs. Whether providing an all-in-one portal for multi-lender transaction processing or offering real-time, personalized program data & analytics, Versatile has the tools to help businesses optimize their financing program and create a better customer experience, while driving approvals and closing more sales. Want to learn more? Reach out to Versatile Credit today! #EmbeddedFinance #EmbeddedLending #FinTech #Payments #ConsumerFinance #CustomerExperience #SMB #Conversion
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Credit unions that effectively onboard indirect lending members can decrease payment default, uncover fraud and increase cross-sell opportunities. Watch this on-demand webinar to optimize indirect onboarding. #CreditUnions
Webinar: How to onboard indirect lending members | Wipfli
wipfli.com
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Credit unions that effectively onboard indirect lending members can decrease payment default, uncover fraud and increase cross-sell opportunities. Watch this on-demand webinar to optimize indirect onboarding. #CreditUnions
Webinar: How to onboard indirect lending members | Wipfli
wipfli.com
