Brokers Miss Out When They Don’t Prospect Manufacturers
There is a wealth of untapped opportunity here. Bigger dealers and manufacturers are not just open to using brokers—the research tells us that most do! And while your share of funding volume may be a smaller percentage, a small percentage of huge volume is still more overall business.
Pay-at-the-Table Is Gaining Ground
What the latest research tells us… Each month, TimePayment accesses POS industry research to help you make the most of today’s opportunities. This month, we took a look at the increasing desire for pay-at-table POS solutions. By the numbers: In a survey* of 2282 non-fine dining restaurant owners, we found: 29% acquired pay-at-table technology for […]
Capital Spending Forecasts by Industry
Vendor sentiment reflects a mixed bag of opportunity for equipment finance brokers amidst economic headlines. By the numbers: 24% of vendors are forecasting a negative impact to their sales based on the current economic indicators. Yes, but: 76% predict no negative impact, with 9% responding that they expect an increase to their upcoming sales. Take […]
Mobile Payment Boosts Profits
Customers prefer convenience at the curb. What’s more convenient: paying for takeout by phone, or paying at the curb? From an outside perspective, the difference may seem trivial—a sale is a sale—but from the customer’s point of view, the two experiences are night and day. By the numbers: A survey of 202 retailers and their […]
Having An Online App Matters
Why an online application matters to the funding experience. With all this digital transformation happening around us, is the equipment financing business behind the curve? Are brokers even more behind the curve? The short answer is “Yes.” By the numbers: In a recent survey* of over 3,000 equipment sellers: 73% would not consider a finance […]
POS Customers Anticipate Growth
News from the Demand side. Supply chain issues, inflation, access to labor, and a potential recession have been dominating economic headlines. But those headlines are just one part of the economic equation—the supply side. So what about the demand side of the equation? How many retailers are forecasting an impact to the bottom line? You […]
The Changing POS Landscape
Three payment industry trends we are watching closely. New shifts in purchasing behavior mean new opportunities for POS providers. Get caught up fast on these trends that we are following: 1) Cash isn’t king: If you needed even more evidence of the importance of electronic payment processing, here are some interesting insights from Gallup on […]
Brokers Are More Valued Than They Think
Don’t assume you need to overcome a sales obstacle that isn’t there. False assumption: Customers are significantly less likely to do business with a broker than a traditional balance sheet equipment financier. The real deal: In a survey* of over 2500 recent small business equipment customers, nearly 7 in 10 didn’t show any preference to […]
Good News About Supply Chains From Frontlines
Vendors say supply chain issues aren’t improving. Our research reveals a different story. Here’s a surprising stat: 79% of equipment dealers surveyed believe supply chain issues are as bad or worse than they were in Q1 2022. Here’s the reality: 84% of manufacturer purchasing officers surveyed report “significantly improved” or “improved” supply chain conditions since […]
Who’s Driving Technology Lease Volume
This is a once-in-a-generation opportunity. We’ll help you capitalize on it. Labor shortages are driving a new era in digital transformation—even in the face of economic headwinds—and that creates a lot of potential for brokers. To help you target your efforts, here are the industries making major moves right now. By the numbers: In a […]
