FAQs
Learn more about the Versatile platform and their credit optimization solutions.
Versatile Analyze
Versatile Analyze
Merchants will have access to actionable, easy-to-understand insights, at the right time, to optimize their credit strategy more effectively.
Actionable insights in seconds
Quickly get answers to the questions that matter to optimize approval rates, lender performance, and uncover customer financing trends.
Unified analytics
Enable seamless visibility into every stage of the financing process, from application launch to funding.
Quarterly Business Reviews (QBRs)
Work directly with Versatile data scientists to discover new opportunities and optimize your credit strategy.
Versatile Insight ™
Comprehensively measure your financing program with proprietary, real-time analytics.
Easy customization
Point-and-click setup and configuration.
Roll-up and drill-down
Analyze from a corporate birds-eye view all the way down to the store. Slice-and-dice with over 40 different metrics and 20 different facets.
Real-time errors and anomaly detection
Stay ahead of changes, trends, and deviations in your credit program with automated error and anomaly detection.
An optimized credit strategy helps merchants give their customers a faster, more accurate idea of their purchasing power at the moment they intend to buy. By utilizing technology, data, and analytics, optimized credit strategies reduce friction in the consumer financing journey, offer greater choice, and ultimately create a better customer purchasing experience, which drives higher loyalty, increases ticket sales, and ultimately improves the merchant’s bottom line.
Versatile is transforming merchant credit strategy by giving merchants deeper insights into their customers, their verticals, and their sales teams, that together can drive deeper relationships with their customers for higher growth and sales.
Versatile’s strong market position in strategic verticals empowers lenders to achieve a first-mover advantage in product verticals and meet market demand, faster: Verticals include Furniture, Retail/Automotive, Elective medical, and Home improvement. Emerging verticals including OEM, buying groups, commercial businesses, and more.
Versatile partners with lenders to help increase their customer base and drive sales and growth. The Versatile platform seamlessly integrates on the front and back end with lenders and merchants, giving lenders access to new customers, creating opportunities for lender cross-selling of other embedded financing services, and supporting lender business strategies for less capital investment.
Versatile integrates easily with BNPL, lease-to-own, revolving credit, installment plans, and more via APIs so merchants can offer the latest financing options to customers from one convenient screen, creating less friction and a better customer experience.