Synchrony's Financing Tools Helped Roto-Rooter
Grow Monthly Sales for the Past Decade
STAMFORD, Conn., July 28,
2023 /PRNewswire/ -- Synchrony (NYSE: SYF),
a leading consumer financing company, today announced an expanded
partnership with Roto-Rooter, the leading provider of plumbing and
drain cleaning services, to help homeowners with new financing
options for their home repair needs. This partnership, which began
a decade ago, provides customers with a private label credit card
which offers flexible financing options, including promotional
financing.
Together, Synchrony and Roto-Rooter developed an innovative
in-home digital sales tool for technicians to offer financing.
Thanks to the implementation of this tool and new financing
strategies, technicians are able to offer customers flexible
payment and promotional financing options quickly and easily,
making it easier to do necessary repairs on their home. This
flexibility led to the negotiation of a new multi-year agreement,
which Synchrony is currently rolling out to Roto-Rooter's franchise
and contractor locations.
This expanded partnership empowers Roto-Rooter business owners
to provide flexible payment options to support immediate and urgent
situations that may arise in their customers' homes. Additionally,
it offers consumers a dedicated credit card that enables repeat
purchases for services or major jobs, further streamlining the
payment process and fostering customer loyalty.
"Embracing new digital ways to manage key business processes
like financing services allows companies like Roto-Rooter to
uncover expanded ways to generate sales and help close more deals,"
said Curtis Howse, CEO of Home &
Auto, Synchrony. "We look forward to continuing our long-standing
relationship with Roto-Rooter and helping their business owners
increase sales and drive loyalty by offering the financing options
that customers need."
About Synchrony
Synchrony (NYSE: SYF) is a
premier consumer financial services company delivering one of the
industry's most complete digitally enabled product suites. Our
experience, expertise and scale encompass a broad spectrum of
industries including digital, health and wellness, retail,
telecommunications, home, auto, outdoor, pet and more. We have an
established and diverse group of national and regional retailers,
local merchants, manufacturers, buying groups, industry
associations and healthcare service providers, which we refer to as
our "partners." We connect our partners and consumers through our
dynamic financial ecosystem and provide them with a diverse set of
financing solutions and innovative digital capabilities to address
their specific needs and deliver seamless, omnichannel
experiences. We offer the right financing products to customers in
their channel of choice. For more information,
visit www.synchrony.com and Twitter: @Synchrony.
Contacts:
Lauren
Devilbiss
Synchrony
lauren.devilbiss@syf.com
240-814-5825
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SOURCE Synchrony