How Momnt Helped Alco Increase Their Deal Size by 65% in Just a Few Months
Alco Windows & Doors is a leading window and door contractor based in Florida. Their products are designed to lower energy costs, resist high winds and harsh weather conditions, reduce noise, and prevent break-ins. Alco is committed to making South Florida communities stronger.
Average deal size on financed projects increased 65% from $17,000 to $28,000.
“Using Momnt has been a game-changer for our company. We have increased our financed deal size by 65%. Our sales reps love Momnt because they can get their front-ends paid faster with Momnt’s unlimited staged funding combined with same-day funding.” -Luis, Owner of Alco Windows & Doors
Alco struggled to find a finance partner who could meet the approval amount needed for their projects. And without staged funding, Alco was forced to front supply costs for longer due to severe supply chain issues. Because of this, Alco was losing out on jobs and suffering from cash flow impacts.
Alco saw an immediate impact upon switching to Momnt. Momnt’s multi-offer process meant Alco’s customers could choose the right financing plan for their own financial situation, increasing sales, average ticket size, and funding rate. Momnt’s staged funding enabled Alco to better control their revenue cycle and improved cash flow during the recent supply chain crisis. Momnt’s same-day funding allowed Alco to get paid faster, decreasing funding by 3-5 days.
Lower merchant fees, attractive credit products, easy-to-use technology, and flexible staged funding have changed the way Alco does business.
“The personalized support we receive is one of our favorite things about working with Momnt,” said Alco.
+65% – increase in average deal size
+200k – increase in revenue by 200k a month
+75% – improvement in speed to pay