Financing Opportunity: The Automotive Sector
We’re seeing a 74% rise in opportunities Here’s a surprising stat: We recently surveyed over 500 automotive repair facilities and discovered that they were 74% MORE LIKELY to finance equipment through a source that was not their deposit bank than they were in 2017. Doing the diagnostic: As economic headwinds mount, inflation persists, and rates […]
POS Buyers’ Most Wanted
Which features are buyers using the most? As we approach the end of 2023, here’s a quick look at the features and benefits POS users are seeing the most value in right now. By the numbers: A survey of over 11,400 POS users found these features were providing the most benefit to decision makers: eCommerce […]
Businesses Want a Broker Relationship
What the numbers tell us The logjam created by a tight credit environment and rising application volume across most industry sectors has created a once-in a decade opportunity for brokers. Looking to get deals done, equipment sellers are MORE INTERESTED in broker solutions than at any point in the last 9 years. By the numbers: […]
January News: POS Problem-Solving
How POS helps with taxes, cost-cutting & more This month’s featured articles are all about working smarter, not harder. Are you using best practices to ensure your POS system is helping lower tax expenses? “How a Point-of-Sale System Can Help on Small Business Taxes” —CPA Practice Advisor Are you fighting inflation and looking for cost-cutting […]
The Upside of Financing Assets Under $15,000
Are brokers overlooking the super-small ticket? Businesses are thinking small—at least when it comes to financing. Our recent survey found that small-business decision makers are 82% more likely to finance an equipment or technology purchase under $15,000 today than they were in 2018. The big picture: Payments are paramount. In a slowing economy with inflation […]
POS Industry News to Know
70% of POS users could do more with their data Did you know that only 3 in 10 POS users leverage their data for marketing purposes? Here are some articles to help get the other 7 on board. Step by step: Insights on how users can drive more foot traffic with better use of data:“How […]
Who’s Using Their POS Data?
And who’s missing out? Each month, TimePayment accesses POS industry research to help you make the most of today’s opportunities. This month, we explore the use of POS data for marketing by sector. By the numbers: We surveyed 15,300+ POS users to see what portion used POS data monthly to inform their marketing strategies. The […]
Most POS Users Feel They Overbought
But we can keep them from feeling buyer’s remorse. Most POS users are only utilizing a fraction of their POS system’s capabilities—and that’s a problem for sellers. By the numbers: In a survey of 15,300+ retail buyers, we found: 74% feel they use only the basic features of their POS system. 82% would use more […]
Government Spending = Equipment Finance Opportunities
Be ready when Uncle Sam opens his wallet. False assumption: Continued government “money-printing” will cause a macroeconomic slow down likely to stall equipment-buying interest in the short-term. The real deal: With the debt ceiling agreement in place, over $1.2T in infrastructure spending is set to kick off lots of projects in the next 18 months. […]
Industry Forecast: Expect More Bank Tightening Ahead
When banks bail on lending, brokers and alternative funding sources have a big role to play. Where we were: After the March bank failures, many observers were asking where the regulators were. It’s a good question. But during most crises, they enter the game late—and this year was no exception. What’s next: Enter the new […]