The following are answers to some common questions we hear:
1. How can I grow my credit card sales to become a major portion
of my business?
By partnering with GE Business
Credit Services! Our
experience with commercial accounts and underwriting will help
you approve
a high
percentage
of your transactions. You’ll have the flexibility to provide customer
credit approvals immediately. This will enhance sales and build
brand loyalty with your best customers.
2. How is GE Business Credit Services different from other
Private Label Credit Card providers?
GE Business Credit
Services is unique in three
ways. First, we are committed to your business and
to understanding it’s
needs. We have the staff and resources to help you
increase sales and improve cash flow. Second, GE
Business Credit Services is
focused completely on business-to-business financing.
Business-to-business financing is our specialty, and
has been for more than 70 years. Third, GE
Business Credit Services has a
range of products and services available, and the flexibility
to create
a custom-made program that’s a perfect fit for your
business.
3. What type of marketing support does GE Business
Credit Services provide?
GE Business Credit Services will
work with your sales and marketing leaders to develop a customer value proposition
and an annual credit marketing
plan. From intelligent statement inserts and reactivation programs to new account
acquisition and loyalty programs, GE Business
Credit Services can
provide a full suite of credit marketing options to meet the needs of your
business.
4. What does “Private Label” mean?
Private label means we operate as an extension of your business in
every way. Your financing program is marketed with YOUR brand. All invoice
and billing communication to
the customer includes YOUR logo, and the customer service team uses YOUR prompts
and company name.
5. How does GE Business Credit Services support my customers?
Your dedicated GE Business
Credit Services Account Management
Team will provide customer service, account reconciliation and
collect past due payments while remaining invisible to your customers.
From
dispute resolution and credit line allocation, to authorized buyer
changes or getting invoice and statement copies, your can count
on our expert and knowledgeable staff to do the job right, and
to
handle all of your customers' needs.
6. What solutions does GE Business Credit Services have for my large strategic
customers who are constantly demanding extended terms or are a huge credit
risk to my
business?
Our submerged receivable and pooled receivable
solutions are ideally suited to support these types of customers, both as
an unsecured and shared risk structure. We can also help you extend
terms beyond
simple
standard open account terms.
7. What does “submerged” receivables mean?
Submerged means we finance your business’ receivables but the relationship
is transparent to your customers. You continue to service your customers and
remain the sole point-of-contact. This allows you to improve cash flow without
affecting your customers.
8. What options are available for extended credit terms?
There are a variety of options available to help you extend
payment terms for your customers in a cost-efficient manner. GE
Business Credit Services has
the flexibility to provide terms ranging
from Net 30 to Net 90 Days. In addition, we can also accommodate
any early pay discounts that you may choose to offer your customers.
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Contact us.
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