Budget-Focused Finance

What is Budget-Focused Finance?

Budget-focused finance involves the vendor of a product or service establishing a customer’s budget before arranging payment options. This allows the vendor to build an idea of the best agreement for a particular customer. In this sense, it could be described as more of a sales technique than a finance product.

With budget-focused finance, a vendor can break finance agreements down into shorter and shorter terms. They can calculate the cost per month, week, or even per day to show the customer just how manageable repayments can be.

Presenting the repayments in this way makes them look small and easily offsetable. A customer will then struggle to find a reason not to sign on the dotted line.

Budget-Focused Finance

Why should I offer budget-focused finance?

Increase Your Sales

Our research has shown that companies which offer finance can see a sales increase of up to 63%. This could give your company the income boost that it needs to grow and invest.

Reduces Procrastination

Offering budget-focused finance at the point-of-sale reduces customer procrastination and overcomes budget objections. This allows salespeople to close deals quickly and move on to the next prospect.

Increases Customer Retention

When your customer gets a taste of your products and services at an affordable monthly cost, they will be hooked. So, when their term comes to an end, they will likely seek a renewal or an upgrade.

Up-Sell and Cross-Sell with Ease

The repayments on budget-focused finance can become a part of a customer’s monthly budget. So, when their term ends, you know they can afford similar or upgraded products with small payment increases.

Improves Customer Cashflow

Allowing your customers to pay in manageable amounts frees up their cash flow. This means that they can invest in other areas of their business and perhaps seek other products and services from you.

Decreases Margin Loss on Discounts

With finance, you will not have to offer your customers a discount to make your products more affordable. Budget-focused finance can increase your sales without sacrificing your margin.

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Why should I offer budget-focused finance?

Increase Your Sales

Our research has shown that companies which offer finance can see a sales increase of up to 63%. This could give your company the income boost that it needs to grow and invest.

Reduces Procrastination

Offering budget-focused finance at the point-of-sale reduces customer procrastination and overcomes budget objections. This allows salespeople to close deals quickly and move on to the next prospect.

Increases Customer Retention

When your customer gets a taste of your products and services at an affordable monthly cost, they will be hooked. So, when their term comes to an end, they will likely seek a renewal or an upgrade.

Up-Sell and Cross-Sell with Ease

The repayments on budget-focused finance can become a part of a customer’s monthly budget. So, when their term ends, you know they can afford similar or upgraded products with small payment increases.

Improves Customer Cashflow

Allowing your customers to pay in manageable amounts frees up their cash flow. This means that they can invest in other areas of their business and perhaps seek other products and services from you.

Decreases Margin Loss on Discounts

With finance, you will not have to offer your customers a discount to make your products more affordable. Budget-focused finance can increase your sales without sacrificing your margin.

What can I offer budget-focused finance on?

You can offer budget-focused finance on a wide variety of products and services. These can include anything from computer hardware to robotics. Here are the industries we cater to:

Hardware, software, telecoms, audio visual equipment, CCTV, alarms systems, and vending machines.

Refurbishments, designs, dilapidations, labour, cabinets, chairs, desks, and furniture.

Solar PV, Biomass Boilers, Ground Source Heat Pumps, Air Source Heat Pumps, Space Heating, and LED Lighting.

CNC, cutting and drilling machinery, compressors, hydraulic lifts, robots, conveyors, cranes, fork lifts, and excavators.

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What can I offer budget focused finance on?

You can offer budget-focused finance on a wide variety of products and services. These can include anything from computer hardware to robotics. Here are the industries we cater to:

Hardware, software, telecoms, audio visual equipment, CCTV, alarms systems, and vending machines.

Refurbishments, designs, dilapidations, labour, cabinets, chairs, desks, and furniture.

Solar PV, Biomass Boilers, Ground Source Heat Pumps, Air Source Heat Pumps, Space Heating, and LED Lighting.

CNC, cutting and drilling machinery, compressors, hydraulic lifts, robots, conveyors, cranes, fork lifts, and excavators.

Sign Up For Your FREE Sales Performance Review

Fill out your details below and we’ll book you in for a FREE no obligation sales performance review and send you our Sales Booster Pack.

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Access Our Synergi Partner Portal

Closing sales using finance has never been easier with our award-winning Synergi Partner Portal. It is also FREE to use and instantly provides access to over 100 UK and European lending streams.

Quick Finance Quotes

Instant Credit Appraisals

Close Deals Faster

Get Paid Quicker

Access Our Synergi Partner Portal

Closing sales using finance has never been easier with our award-winning Synergi Partner Portal. It is also FREE to use and instantly provides access to over 100 UK and European lending streams.

Quick Finance Quotes

Instant Credit Appraisals

Close Deals Faster

Get Paid Quicker

Synergi Partner Portal

Our specially developed, award-winning portal is specifically designed with our introducing partners in mind. Within just a few clicks, our partners can formulate a quote and then credit appraise their prospect to support their sale.

When the prospect agrees to go ahead, our partner can convert the quote into a deal. After that, they can track it through the underwriting, documentation, and payment processes. Transactions are therefore swift and often completed, from start to finish, within hours.

Quick Finance Quotes

Searching for a prospect to start the quoting process is simple and quick with the portal. This is due to its integration with Companies House.

The system is geared up to produce a quote that is specific to the vendor’s industry. Meanwhile, it will be soft checking the prospect, ensuring they meet our minimum credit criteria.

Instant Credit Appraisals

The portal is also integrated with Credit Safe, an online credit reporting company. Therefore, a vendor can request an instant appraisal of the prospect’s credit history, assessing their suitability for finance.

Track The Deal

While we are managing the transaction, a vendor can login and track it through the portal. This then provides the vendor with great visibility.

In addition, they can communicate with us via our messaging system, should they need to.

Convert Quotes to Deals

When the prospect agrees to move ahead, the vendor can convert the quote into a deal ready for underwriting.

All that we then require is a little more detail on the prospect. What we are financing? And also, who do we need to speak with? Just a few details so that we can complete our checks and documentation.

E-documentation

All of our financial transactions are completed via e-signable documentation. This then makes the deal swift and secure.

Get Paid Quicker

Finally, a vendor can quickly upload their invoice to the portal in readiness for the equipment’s delivery. After that, the vendor will typically receive payment within 24 hours.

Synergi Partner Portal

Our specially developed, award-winning portal is specifically designed with our introducing partners in mind. Within just a few clicks, our partners can formulate a quote and then credit appraise their prospect to support their sale.

When the prospect agrees to go ahead, our partner can convert the quote into a deal. After that, they can track it through the underwriting, documentation, and payment processes. Transactions are therefore swift and often completed, from start to finish, within hours.

Quick Finance Quotes

Searching for a prospect to start the quoting process is simple and quick with the portal. This is due to its integration with Companies House.

The system is geared up to produce a quote that is specific to the vendor’s industry. Meanwhile, it will be soft checking the prospect, ensuring they meet our minimum credit criteria.

Instant Credit Appraisals

The portal is also integrated with Credit Safe, an online credit reporting company. Therefore, a vendor can request an instant appraisal of the prospect’s credit history, assessing their suitability for finance.

Track The Deal

While we are managing the transaction, a vendor can login and track it through the portal. This then provides the vendor with great visibility.

In addition, they can communicate with us via our messaging system, should they need to.

Convert Quotes to Deals

When the prospect agrees to move ahead, the vendor can convert the quote into a deal ready for underwriting.

All that we then require is a little more detail on the prospect. What we are financing? And also, who do we need to speak with? Just a few details so that we can complete our checks and documentation.

E-documentation

All of our financial transactions are completed via e-signable documentation. This then makes the deal swift and secure.

Get Paid Quicker

Finally, a vendor can quickly upload their invoice to the portal in readiness for the equipment’s delivery. After that, the vendor will typically receive payment within 24 hours.

Sign Up For Your FREE Sales Performance Review

Register and we’ll book you in for a FREE, no obligation sales performance review. We’ll also send you our Sales Booster Pack.

Sign Up For Your FREE Sales Performance Review

Fill out your details below and we’ll book you in for a FREE no obligation sales performance review and send you our Sales Booster Pack.

Sign Up

Sign Up For Your FREE Sales Performance Review

Register and we’ll book you in for a FREE, no obligation sales performance review. We’ll also send you our Sales Booster Pack.

Sign Up For Your FREE Sales Performance Review

Fill out your details below and we’ll book you in for a FREE no obligation sales performance review and send you our Sales Booster Pack.

Sign Up
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