Retail finance offers consumers a pragmatic alternative to the outright purchase of goods. In turn this also provides a supplementary revenue stream for the retailer. With the right loan administration system in place, household brands can enhance customer loyalty and increase sales by offering finance products, putting higher value items within the reach of customers that would otherwise not consider them.
Our software underpins the retailers’ point of sales system to provide a flexible and scalable loan administration and collections system. The rich functionality in the system makes it easy to introduce new finance products and makes the process of applying for retail finance as easy and paperless as possible.
O2 - Case Study
Equiniti Credit Services was chosen by leading digital communications company, O2 UK, to deliver the technology behind its latest flexible offering for small business customers. Business Essentials supports companies with their business-use mobile phone expenditure through a new finance initiative.