SOURCE: ExtendCredit.com

ExtendCredit.com

April 25, 2011 12:27 ET

Special Needs of Animal Hospitals and Emergency Centers Targeted With New ExtendCredit.com Product Release

Provides Needed Capabilities That Animal Hospitals and Emergency Centers Require for Patient Financing of Emergency Procedures

ALISO VIEJO, CA--(Marketwire - Apr 25, 2011) - ExtendCredit.com, an online lending software platform for creating and managing in-house customer financing plans for small and mid-sized businesses, today announced the latest version of its market leading patient financing software platform that provides new capabilities and flexibility to address diverse business environments.

Developed with veterinary hospitals and emergency centers in mind, this latest release offers a host of new merchant configuration options and functionality to tailor how ExtendCredit.com looks and operates in different business settings.

One of the key new capabilities for animal hospitals and emergency centers is the ability to create a new payment plan with estimated costs and payment terms, and later, once the pet's procedure and recuperation are complete and all costs are finalized, go into the system and update the cost and loan terms.

"Our animal hospital clients really like the system, but need to be able to generate a signed promissory note with estimated costs prior to performing the emergency procedure. Later, once all the costs are finalized, they can then generate an updated promissory note with final costs and terms for the pet owner to sign," said Bob Richardson, president and CEO of ExtendCredit.com. "Sometimes this process takes several days to complete so being able to store the temporary note and come back to it at a later date is important."

The system gives the animal hospital or emergency center the ability to create a new note and automatically places it into a pending status. A new screen is also provided to review and update all pending notes. Additionally, users that are in the process of creating a new note can save their partially completed work and finish it at a later time.

"These features are especially useful if the user is interrupted by other tasks or needs to go to lunch and wants to save the work for later in the day," Richardson added.

Larger animal hospitals and veterinary practices that require multiple levels of review and approval for in-house payment plans can optionally enable a workflow process that separates payment plan creation from approvals.

With this latest version, ExtendCredit.com offers more than 40 new merchant configuration options to tailor how the system looks and operates for individual business environments. ExtendCredit.com support personnel perform the configuration process for new clients as part of the training and set-up process. If an existing client needs to make a change to their configuration, they just contact ExtendCredit.com Client Support for assistance.

How ExtendCredit.com Works for Animal Hospitals and Veterinary Practices
ExtendCredit.com understands that implementing an easy to use payment plan management platform is a must given the demands on today's hospital administrators. ExtendCredit.com's easy, low-cost, Internet-based solution simplifies all the functions needed to efficiently and effectively manage an in-house patient payment plan program, while significantly reducing the lending risk.

Benefits of ExtendCredit.com's simple payment plan management software:

  • Minimizes the risk of not being repaid through specialized credit checks, best practices and automation
  • Frees staff to do what they do best: serve patients!
  • Maximizes cash flow through safe and secure automated payments
  • Helps provide needed services to customers, while minimizing repayment risk

For additional information, animal hospitals, emergency centers and veterinary practices can contact ExtendCredit.com at 1-888-364-2808, ext. 1 or go to http://www.extendcredit.com/vets.

About ExtendCredit.com
Based in Southern California, ExtendCredit.com is a fully automated, online software service that makes it easy for small and mid-sized businesses to create and manage their own low risk, in-house payment plans. ExtendCredit.com puts the business in control of its customer financing making it an effective, affordable, easy-to-use alternative to the high cost and complexity of bank and credit card lending in today's tightened credit market. Businesses control the terms offered and who gets approved, while ExtendCredit.com provides all the tools needed to be successful, minimize lending risk, stay in control, and fully comply with lending laws.

ExtendCredit.com is used by businesses throughout the United States, most notably in the healthcare, animal care, services, and retail industries. ExtendCredit.com is headquartered in Aliso Viejo, Calif. More information is available at www.extendcredit.com.

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