INCREASED PAYMENT SECURITY AND ASSURANCE: With PromptPay and the “ON TIME” system, you have more control over customer payments.
INCREASED CUSTOMER SATISFACTION. Car buyers can be given the opportunity to re-establish credit history and qualify for loans they were previously prohibited from.
INCREASED REPEAT PURCHASE: Low delinquency, increased customer satisfaction and changes in customer behaviour alongside fulfilment of the contract, the Ontime system delivers a captive repeat purchase opportunity. This is because the user will be directed to the original point of sale for safe removal of the system.
REDUCED COLLECTIONS OVERHEADS: The PromptPay programme and the OnTime unit will significantly reduce collections overheads as outbound calls effectively becomes inbound as late payers will be looking to pay in order to receive their codes.
The following characteristics of our Payment Assurance service are why the benefits listed are achieved:
PromptPay is a proactive credit management tool that acts to prevent credit problems