Get up to 30% – 40% more renewals
It costs much less to keep a customer than to find a new one. If you want to grow your finance company business, renewals are critical. Not only do renewals generate new revenue, renewals keep your customers loyal. So, if renewals are so important to growth, why do so many finance companies have problems with their renewal programs?
The challenge is consistently running renewal programs across all branches. Sometimes there just aren’t enough hours in a day. That’s why finance companies come to SourceLink to generate more renewals at lower acquisition costs.
SourceLink’s renewal programs take the burden away from the branches, but allow the branches a say in who is mailed a renewal offer. Here’s how our renewal programs work:
- Allows branches to choose who to mail renewal offers
- Eliminates branches from manual production (printing, labels, writing, assembly, mailing, etc.)
- Performs automatic mail tracking to verify delivery before branch follow-up
- Reduces postage costs
- Enables consistent, frequent renewal mailings
- Uses proven direct mail – live checks and pre-approved offers – to drive quick renewals
- Ensures timely in-home delivery
This proven formula often delivers 30% – 40% more renewals for our finance company clients.
SourceLink Loan Renewal Program Benefits
What are the advantages in partnering with SourceLink to fuel your renewal growth?
- Immediate postal savings
- Saves branch personnel time, allows employees to concentrate on personal service
- Allows branch involvement and local customization but maintains centralized control for professional design, production and mailing
- Automated ongoing programs
- Branches can choose recipients and loan amounts
- MultiTrac® mail tracking confirms delivery for timely branch follow-up
- No wasted office supplies
We know the consumer finance business is a tightly knit community. And we know we provide results for our finance company clients. So, we invite you to ask someone in your industry about us – and then let us know you want to talk about improving your loan renewal program.