WHAT IS STAGED PAYMENTS?
Staged Payments, as the name implies, provides payments in stages – making it easier for customers to make a purchase, while helping to improve your cash flow.
When a customer is looking to buy equipment, they usually approach their bank for a loan or use important cash reserves. This could create cash flow problems, or delay the sale. Worse still, the deal may disappear completely. The chances are, even if the deal goes ahead, there could be a long lead time of manufacturing and installation before you receive any payment.
HOW STAGED PAYMENTS WORK?
Instead of having to wait for payment at the end of a long sale and installation process, you’ll receive payments from us at various stages. These stages are defined together with you and your customer. For example:
HOW STAGED PAYMENTS CAN HELP YOU
By providing the option of Staged Payments, you open up new possibilities for customers with longer term build needs. As an equipment manufacturer, you can:
- Unlock larger purchases from customers who would normally be restricted by the need for a large deposit.
- Decide how much and when you receive each payment between yourself and your customer, helping you to keep a healthy cash flow throughout the project.
- Get paid faster than cash or a bank loan as we’d typically pay you within 24 hours of receiving the invoice.
- Maintain good relationships with your suppliers by making sure they are paid quickly.
HOW STAGED PAYMENTS CAN HELP YOUR CUSTOMER
Paying the full price of new equipment before it’s even set to work can be daunting. With Staged Payments and a finance agreement, your customers can spread that cost to see a much faster return on investment. Your customer can also:
- Protect vital capital as the payments are made using their operating budget and can be spread across a term that suits their cash flow.
- Invest in equipment they need without compromise as when spending cash businesses are often restricted by budgets.
- No upfront investment required until the equipment is fully installed and running.
- Flexible finance that allow customers to bundle the interest payable on the staged payments into the finance agreement.
 - Which law would you use to simplify the expression mc^(006)-1.jpg?... (1 Answer) | Transtutors)