Vendor Financing’s objective is to build customer finance programs that work for both the seller and the buyer in the market where the transaction occurs.
Even though most countries in Latin America speak Spanish and leasing regulation is based in the civil law system it is necessary to adapt how financing is done in each country. Banking and leasing systems are at different levels of availability and development. On top of this, each country has subtle and in some cases very different ways of conducting business.
The customer financing program will be developed in the local language, with the local culture in mind using the available products and processes with clear procedures and communication channels. CCR will be there to translate both language and culture to help the manufacturer maximize exports by using the financing tool.
Connexion Capital Resources will work on the ground, bringing local financial entities to the table to discuss the needs of the local representative of the vendor/manufacturer and its end-users customers.
Countries available include Mexico, Brazil, Chile, Colombia, Peru, Panamá, Argentina, and República Dominicana. Other countries in Central and South America, as well as in the Caribbean could be included.
Financial Services department
Many major manufacturers have a team of people and resources to offer financing solutions to their customers. There are companies that may have this Programs available in the US or Europe but not for Emerging Markets such as Latin American customers. CCR can help.
CCR can tailor a program so that the manufacturer or distributor can add the financing tool to the sales force in Latin America. When a customer is quoting a product they will also get a solution on how to buy it via financing, this is one stop shopping.
This service can be done with little or no human resources from the manufacturer as the program can be managed by CCR. It´s like outsourcing the customer finance department in Latin America.
CCR brings over 20 years of experience in Latin America with leasing and financing solutions. This comes very useful to translate the language and cultural differences, into a common language that the manufacturer outside the Region, the dealer if applicable, the financial entity and most importantly the customer can understand.
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