We do not have the ability to do a down payment on the web currently.
Opportunity / Problem
As the cost of financing continues to rise, a strategy to mitigate some of the financing costs is to require down payments on orders (ie tax and shipping, 10%, etc). An 8% down payment on orders financed would save approx $6m in annual financing costs for the organization (approx $700k web) . The Sales Org will be pushing this coming up. |
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Performance Goals & Measurements
Conversion Split payment sales |
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Strategic Imperatives | Frictionless Customer Journey |
Quarterly Focus | Q3 - Cart, Checkout, Payments |
Business Impact | Med Impact = >$100K |