From Home Furnishing Business
STORIS Expands Financing with Rent to Own
STORIS, a New Jersey-based provider of retail software services for large retailers, has expanded its financing capabilities with an integration to third-party rent-to-own and installment providers.
The financing process is completed through a direct web-based interface to the finance provider designed to streamline the user experience. The consumer can choose a desired finance plan, calculate the initial payment and electronically sign a contract. An order is complete once the consumer has signed the contract and made the first financing payment.
The financing agreement is orchestrated with the provider and removes the liability from the retailer.
Finance companies are offering a variety of plans for consumers to increase their purchasing power as disposable income rebounds from the recession. Third-party financing is a part of extensive financing enhancements for STORIS in 2016, including a finance application queue available to its retail clients.