STORIS, Synchrony Team Up To Help Retailers Close More Sales
Synchrony HOME credit card program can be used as payment in STORIS NextGen
STORIS has teamed up with leading primary finance leader Synchrony, giving retailers the ability to use Synchrony HOME credit card program plans to finance mobile sales in the STORIS NextGen Mobile POS. Additionally, STORIS now uses the Synchrony Home Network’s API web services across their STORIS ERP, STORIS APIs, and eSTORIS eCommerce platform.
“Customers have chosen whether to finance their purchase before, not during checkout, as credit determines the consumer’s total buying power,” said Mark Braun, STORIS NextGen Product Manager. “As such, this was integral to how we designed financing within our STORIS NextGen Mobile POS UI/UX workflow.”
A recent PYMNTS* report found that 58% of all consumers who bought durable goods within the past year used financing or leasing programs for at least one purchase with rising credit utilization seen among millennials and Generation Z shoppers. Using NextGen, sales associates can effortlessly guide customers through tailored financing plans directly from their mobile devices, increasing home furnishings sales’ close rates.
Synchrony’s 2023 Major Purchase Study confirms the retail sales associate’s (RSA) pivotal role with 55% of respondents having researched financing through their RSA. While shopping, the sales associate will guide the customer in selecting their desired plan based on the term length and interest rate that meets their ends.
STORIS NextGen will automatically present them with eligible plan options based on order minimums, products on order, or discount compatibility. At checkout, the sales associates can authorize the chosen finance plans as payment.
Launching soon, STORIS NextGen’s Signature Capture will record digital signatures on mobile devices. In this application, once financing is authorized, the customer will be presented with the lender’s required Terms and Conditions to sign in a seamless experience.
Visit www.storis.com for more information.
To learn more about Synchrony, visit www.synchrony.com.
About STORIS
Founded in 1989, STORIS is the leading provider of Retail Software Solutions and Services to the home furnishings industry. Over 500 clients utilize STORIS’ Unified Commerce Solution, which includes the STORIS ERP, STORIS NextGen Mobile POS, inventory management, eCommerce solutions, API and integration offering, business intelligence, warehouse management, accounting, and more.