Retail solutions and services provider Storis, based in Mount Arlington, New Jersey, has updated its software to handle third-party rent-to-own and installment-payment financing.
At the point of sale, in a web-based interface, consumers choose their desired finance plan, make an initial payment and electronically sign their contract. They also can set up an automatic payment. An order is completed in Storis once the consumer signs the contract with the provider and makes the first financing payment.
Storis already has certified Smart Sales & Lease and is in the process of certifying additional financing providers.
The financing agreement is orchestrated with the provider, which removes the liability from the retailer. The interface is designed for a streamlined user-experience.
The software updates are part of Storis’ extensive financing enhancements being introduced in 2016, which include a finance application queue, now available to retail clients, a news release said.
