Layaway

LAYAWAY Make layaway business great business "The best feature of the Layaway module in our opinion is the ability to track fast sellers that are put into Layaway.  Under other programs, items sold under Layaway are not considered sold until the item is totally paid for.  In the ARMS program, a layaway is considered a sale at the time the item is put on Layaway, thus enabling a fast seller to be reordered right away.  Also, layaway statements can be generated by the Layaway system, which means customers can be reminded of their commitment in a timely fashion". - Cyndi Sites, Sites Jewelers, Tennessee, USA Profits or headaches? Layaway business can be good profitable business or it can cause more problems than it is worth.  However, with tight management you can use layaway as a risk free way of increasing business.  Many ARMS clients are using the Layaway program to do this right now by promoting layaway to capture the consumer dollar before competition does.  ARMS Layaway system is designed to operate at the Point-of-Sale to allow tight management of Layaways, and has four prime functions. Layaway Sale At the time of the layaway sale for either single or multiple items, you are able to set the agreed term and frequency of payments which print on the layaway receipt to remind the customer of their obligations. Payments When accepting layaway payments you can elect to either spread the payment over multiple items or attach the payment to a specific item. Cancellation You can elect to hold any deposits made as money held for the customer, part pay out or fully pay out the deposits paid. Reporting Reporting is very comprehensive allowing you to: Print Thank you letters to customers who have completed a layaway, inviting them to use your layaway facility in the future Print monthly Statements for those customers requiring them Print overdue lists so you can follow up with customers before the layaway becomes dead Print Layaway Balances and Detail reports showing all relevant details Print Overdue letters for those customers who are behind with payments When either a sale, payment or cancellation is made you can see the customer’s layaway history allowing you to invite good layaway customers to add a matching item, thus holding the customers layaway interest Your Layaway program will pay for itself within the first week by more efficiently managing your existing layaway customers. Back to Software at a Glance