Embedded Finance Is Changing How Businesses and Customers Do Business
Embedded finance is on the rise as more consumers and businesses make payments, secure loans, and mitigate financial risk at a physical distance from traditional brick-and-mortar hubs like banks and credit unions. Examples of this futuristic present include: A slew of carmakers (among them Volkswagen, Honda, Ford, GM, BMW, and Daimler) are adding in-vehicle payment […]
The Unstoppable Technology-Led Rise of Embedded Financing In The B2B Arena
Businesses are gaining efficiency thanks to the rise of embedded financing — the ability to advance loans for goods and services in exchange for installment re-payments. Long linked to big-ticket purchases like homes and cars, consumers are now using embedded financing in growing numbers to fund everyday purchases. Meanwhile, businesses increasingly use it to secure […]
How Auto-Financing Software Is Making the Car Business More Efficient and Profitable
Increasing consumer demand and the rise of digitalization have conspired to put the spotlight on making car sales more efficient and car financing more profitable. First, after a pandemic-induced slip in mid 2020, demand for automobiles has come roaring back in 2021. In fact, though production has been bottlenecked by a shortage of the silicon […]
Why Plastic Surgeons Are Choosing Tech-Enabled In-House Financing
In-house financing is starting to grab the attention of cosmetic surgeons, whether they’re looking to further personalize patient service at an established practice, or eager to build a new practice using the best technology available for safely managing installment payments on autopilot. Largely, this change in perception is tied to game-changing improvements in technology. Specifically, […]
Three Ways to Boost Construction Financing and Offset Rising Material Costs for Your Customers
Although the construction industry is booming, the market is haunted by the specter of inflation to an extent mostly unknown in the rest of the economy. As a result, companies that provide building contractors with materials are under pressure to keep their B2B customers accurately informed of developments and, ideally, to help them do the […]
How the Coronavirus Pandemic Has Fueled the Rise of Embedded Finance
As predicted, embedded finance — where non-banks such as retailers, capital-equipment providers, and community-development organizations provide financial services — is having the year of its life in 2021. And, far from holding it back, the coronavirus pandemic has been a catalyst for this surge. Non-bank embedded financial services — principally lending, payments, and insurance — is […]
Five Big Reasons Your Medical-Equipment Customers Want You to Provide Financing
According to a new report by Fortune Business Insights, the market for healthcare equipment financing is booming — and expected to stay strong through the decade, reaching $210.5 billion by 2027. That’s up from $102.3 billion in 2019, representing a compound annual growth rate of 9.5% for the years 2020 through 2026. In response, strategic-minded […]
What You Need to Bring Your Invoice Factoring In-House
Should you offer invoice “factoring” to your customers? When it comes to securing financing for supplies in the B2B space, factoring is a way for companies to purchase the goods and services they need without jeopardizing their ability to meet fixed costs like payroll, rent, and utilities. Invoice factoring is a financial transaction in which […]
Why Healthcare Companies Should Make the Leap to In-House Financing
Dental and medical practices that provide in-house financing for medical and dental care find they spend more time with patients and less time on collections. More important, point-of-treatment financing means their patients get the care they need rather than the care they can afford at the moment. But medical and dental practices require lending systems […]
Capital-Equipment Report Shows Openings for Manufacturers Leveraging FinTech
On a percentage basis, US capital-equipment and software sales outpaced overall GDP growth in 2020, thanks substantially to enterprises looking for ways to blunt the impact of the coronavirus pandemic. So says the Equipment Leasing & Financing Association in its yearly outlook report. “It’s encouraging to see economic strength, especially in the midst of a significant public-health emergency, […]
How Contractors Can Boost Sales and Deepen Customer Relationships by Providing Dynamic Financing
The ability to provide financing to homeowners eager to engage your services for home improvements can be a vital differentiator, putting your contracting business on equal footing with national hardware chains and top regional competitors. For many homeowners, a tactical approach to debt is vital to making home improvements affordable. After all, the total outlay […]
Six Irrefutable Reasons NOT to Purchase Capital Equipment with a Credit Card
“Our clients already have credit cards, so why would we use an in-house financing platform?” Sometimes we get variations on this sensible question from capital-equipment makers and distributors, so we’d like to give it the attention it deserves. Businesses of all sizes and kinds have long used credit cards to fund equipment purchases. After all, […]
