Daily News
From Home Furnishing Business
Storis and Snap Finance Partner to Streamline Financing for Retailers
January 18,
2019 by Laurie Northington in Business Strategy, Industry 
Retail software provider Storis has partnered with Utah-based Snap Finance to enable retailers to better meet the credit needs of customers at the point of sale.
The partnership provides furniture retailers a streamlined, integrated point of sale solution that will allow retailers currently using Storis point of sale software solutions to offer their customers Snap Finance’s flexible no-credit financing.
“Partnering with financial services companies, such as Snap Finance, enables Storis’ home furnishings retailers to offer additional options to serve more customers,” said Marybeth Feeney, director of application development at Storis. “Integrating Snap Finance with our Finance Queue offers extended credit options and expedites the approval process.”
Badcock & More Home Furniture is among the first to take advantage of this new partnership, rolling out the integration across their 300+ locations.
“Adding Snap Finance as an additional credit option for our customers has been a positive experience for us, and our initial results are very encouraging,” said Dave Gonyea, SVP of credit services and AR management at Badcock. “Snap Finance is very customer focused, which aligns nicely with our values, and they work together with us as true partners. The support they have provided from a relationship standpoint has exceeded our expectations.”
With flexible options and a 100-day cash payoff, Snap Finance provides a unique approach to consumer financing. Using a proprietary artificial intelligence platform, the company approves up to 80 percent of consumers unable to secure traditional financing.
“Our mission is to provide a better option for as many people as possible who may not qualify for traditional financing,” said Matt Hawkins, CEO of Snap Finance.
In addition to providing more options and greater flexibility, the partnership will also maximize revenue for retailers.
“Partnering with Storis exemplifies our mutual commitment to making things as easy as possible for both retailers and consumers alike,” said Ryan Slobodian, EVP, Snap Finance.