SOP Manual for Sales Financing


This article discusses “Sales Financing and its SOP Manual”. This industry comprises establishments primarily engaged in sales financing. These establishments primarily engaged in providing financial leases or operating leases are also included if they are engaged in any sales financing. The finance function can assist salespeople obtain the most relevant information about the company's customers which ultimately helps transform the selling process and cultivate new relationships with the right customers. The total revenue and annual payroll are $115,213,210,000 and $9,345,099,000 respectively in 2017.

The North American Industry Classification Systems (NAICS) has grouped services and activities associated with Sales Financing under the NAICS industry code 522220. The following list shows some activities that are associated with industry 522220,

  • Automobile finance leasing companies
  • Automobile financing
  • Commercial and inventory financing (except international trade financing)
  • Equipment finance leasing
  •  Financing, sales
  •  Installment sales financing
  •  Insurance premium financing
  •  Leasing in combination with sales financing
  •  Machinery finance leasing
  •  Sales financing
  •  Truck finance leasing
Some of the international association of Sales Financing:

  •  Equipment Leasing and Finance Association (ELFA).
  •  American Financial Services Association (AFSA).
  •  The Fund Finance Association (FFA).
  •  Association for Government Leasing and Finance (AGLF).
  •  Canadian Professional Sales Association (CPSA).
  •  The Financial Women’s Association (FWA).
  •  National Automobile Dealers Association (NADA).
  •  Mortgage Bankers Association (MBA).
  •  International Compliance Association (ICA).
  •  The Association for Financial Markets in Europe (AFME).
  •  National Association of Sales Professionals (NASP).
  •  Association of Gold Loan Companies (AGLC).
International Standard related to this industry:

  •  ISO 9001: 2015
  • ISO 27001: 2013
  • ISO 22000: 2013
Few of the World best Companies in this industry are,

Some of the magazines and journals that will keep you track on:

You Tube:
https://www.youtube.com/watch?v=3Za78g35Uxk  |

Written by SOP Team

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