Pro-Power

ProPower Revolving Business Account

A private-label, turnkey credit card program, ProPower is designed to provide Distributors with a vital value-add for their customers – satisfaction of their ongoing purchasing needs within an established credit limit.  The Distributor receives the sale proceeds up front, and their customers are provided with a variety of payment options.  ProPower allows Distributors and their customers the opportunity to conduct business with greater financial flexibility.

Distributor Benefits

  • Immediate improvement of cash flow, with typical funding of sales within 24 hours.
  • Decreased exposure to bad debt and increased bottom-line profits.
  • Deferred-billing opportunities that can help solidify customer relationships.
  • Outsourcing of billing and collections, which decreases operating expenses and reduces staffing requirements.
  • Transferring of the collections task to FMSI allows the Distributor to build better relationships with the customers, resulting in increased sales.
  • Enhanced customer loyalty and building of repeat business with the ProPoints program.
  • Increased sales by expansion of the market base to those customers with unproven or less-than-desirable credit.
  • Online access to customer accounts and detailed executive reports.
  • Potential expansion of customer credit limits with no additional risk to the Distributor.
  • Reduction of the Distributor’s DSO and the cost to carry those receivables.

Customer Benefits

  • Flexible monthly payment options to help manage cash flow.
  • Increased business credit, which allows business owners to save personal credit resources for personal needs.  This is particularly helpful in providing working capital for customers without a banking relationship.
  • Generous credit limits that are designed to meet purchasing needs within financial capabilities.
  • Customers have up to 52 days to make payments, without incurring finance charges.
  • Free travel and merchandise rewards for using the Wholesaler’s ProPower Program (through participating Members).
  • Informative monthly statements with online access, that track purchases, improve efficiency, allocate job costs, and help control expenses.  Customers have the option of having the statements mailed, emailed, or faxed.
  • Access to account balance, history, available credit and account statements, as well as the ability to authorize payments through 24/7 internet access.

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