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TechValidate Research on GreatAmerica Financial Services

These pages present data that TechValidate has sourced via direct research with verified customers and users of GreatAmerica Financial Services. TechValidate stands behind the authenticity of all published data. Learn more »



3,241 Customers Surveyed

26,957 Data Points Collected

158 Published TechFacts

100 Published Charts

28 Published Case Studies



Selected Research Highlights


Commodore Financial Customer Research

What other financing sources in addition to ours, do you or your customers use for equipment purchases?

Cash
68%
Statement billing
54%
Bank financing
71%

Commodore Financial Case Study

Genuine Parts Company

Introduction

This case study of Genuine Parts Company is based on an August 2016 survey of Commodore Financial customers by TechValidate, a 3rd-party research service.

“I save 10-20 hours in my sales process per transaction and see roughly 20-30% larger transactions when I finance with Commodore. I can concentrate on the selling picture while Commodore focuses on the financing.”

Challenges

The challenges that led our company to evaluate and ultimately select to do business with Commodore Financial:

  • Needing flexible options
  • Customers not having enough cash on hand
  • Tax benefits [as an added selling tool]
  • Help tracking down payments
  • Delayed customer decision-making
  • Hitting individual sales goals
  • Communication with the customer

Use Case

The key features and functionalities of Commodore Financial that the surveyed company uses:

  • Always offers a monthly payment
  • Sales assistance
  • Proposal/quoting tools
  • Marketing assistance

Results

The surveyed company achieved the following results with Commodore Financial:

  • Close challenging transactions
  • Larger transactions
  • Quicker sales process
  • Faster payments
  • Marketing & event support

GreatAmerica Financial Services Case Study

Hunter Engineering

Introduction

This case study of Hunter Engineering is based on an August 2016 survey of GreatAmerica Financial Services customers by TechValidate, a 3rd-party research service.

“Financing through GreatAmerica is fast and easy. GreatAmerica’s monthly payments are integrated into our quotes which help me explain the benefits of financing though tax advantages and the ability to save cash flow for other business expenses.”

Challenges

The business challenges that led the profiled company to evaluate and ultimately select GreatAmerica Financial Services:

  • Top reasons their customers finance with GreatAmerica Financial Services:
    • Consistent budgeting
    • Flexible options
    • Not having enough cash on hand
    • Tax benefits
    • Fast and convenient service
  • Addresses the following challenges with GreatAmerica Financial Services:
    • Hitting sales goals
    • Communication with the customer
    • Communication with the distributor
  • Other financing sources used for equipment purchases in addition to GreatAmerica’s financing sources:
    • Cash
    • Bank financing
    • Other financial service companies that service poor credit buyers

Use Case

The key features and functionalities of GreatAmerica Financial Services that the surveyed company uses:

  • Always offer a monthly payment price to the customer
  • GreatAmerica Financial’s products / services they have utilized:
    • Sales assistance
    • Program creation
    • Upgrade opportunity reports
    • Marketing assistance
    • Tradeshow / event support

Results

The surveyed company achieved the following results with GreatAmerica Financial Services:

  • Quicker sales process
  • Faster payments
  • Marketing or event support
  • Saves 5-10 hours in their sales process per transaction with GreatAmerica Financial Services.
  • GreatAmerica Financial Services Customer Statistic

    Customers Prefer Leasing

    65% of surveyed organizations rank “Lease” as their preferred method of payment.

    GreatAmerica Financial Services Customer Research

    Increase Your Margins

    On average, how much of an increase in margins do you see on financed deals with GreatAmerica Financial Services over deals paid in cash?

    More than 50% Increase in Margins: 6%
    30% - 50% Increase in Margins: 9%
    20% - 30% Increase in Margins: 19%
    10% - 20% Increase in Margins: 24%
    5% - 10% Increase in Margins: 27%
    0% - 5% Increase in Margins: 15%

    GreatAmerica Financial Services Customer Satisfaction Rating

    Laura Wasson, an Executive at Tech Electronics, would be very likely to recommend GreatAmerica Financial Services for this reason:

    I have recommended GreatAmerica numerous times because of the level of customer service, flexibility, and overall professionalism.



    More to Explore



    About GreatAmerica Financial Services

    GreatAmerica is a national commercial equipment finance company dedicated to helping manufacturers, vendors, and dealers be more successful and keep their customers for a lifetime. Incorporated in 1992, GreatAmerica, with its staff of over 500 employees, is headquartered in Cedar Rapids, Iowa and has offices in Minnesota, Georgia, and Missouri. We provide financing and consulting services in all fifty states and some U.S. Territories.

    GreatAmerica Financial Services Website   GreatAmerica Financial Services Website