Asset Finance Information

When Your Customers Want to Pay Monthly but You Want to Be Paid Upfront

Here’s the quandary: Your customers love the flexibility of monthly payments - it's proven that offering flexible instalments lower the barrier to purchase. Yet relying on extended payment terms can leave you in a tricky spot:

  • Cash flow headaches – Waiting for payments ties up capital you could be reinvesting.
  • Slower growth – Without upfront revenue, scaling your business becomes much harder.
  • Increased risk – The longer payment terms stretch out, the higher the risk of delays or defaults.
understanding your customers needs

 

Understanding the Customer Perspective

Businesses are used to paying monthly - it’s second nature. From car leases to phone contracts and software subscriptions, spreading costs over time just makes sense. 

  • Predictable budgeting – Fixed monthly payments make it easier to manage cash flow.
  • No big upfront costs – They can get what they need without a hefty initial outlay.
  • Pay as they earn – The cost aligns with the revenue the purchase helps generate.
  • It’s what they’re used to – From Netflix to company vehicles, monthly payments are the norm.

monthlii: The Perfect Fit

monthlii is designed to reconcile these two seemingly opposing priorities, enabling you to enjoy the best of both worlds.

  • Upfront Payment for You: Instead of waiting for a series of monthly payments, you get paid upfront upon delivery or instalment.
  • Affordable Monthly Options for Customers: Your customers can continue to enjoy the benefits of monthly instalments, making it easier for them to commit to your product or service. This flexibility can boost customer satisfaction and loyalty, driving more sales over time.
  • monthlii is free:  We offer all our suppliers our monthlii portal where you have access to our quick calculators, web widgets and full API's.

In a world where financial agility is key, monthlii stands out as the perfect fit for businesses grappling with the monthly versus upfront payment dilemma. It bridges the gap by providing a solution that benefits both your bottom line and your customers’ budgets. Embrace monthlii to turn payment challenges into growth opportunities - ensuring you’re always ahead in the game.

Ready to transform your payment strategy? Discover how monthlii can power your business forward today!

monthlii

James Cashmore

Author

James Cashmore

Commercial Director

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