SOP Manual for Sales Financing SOP-1156

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.

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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,

Ford Motor Credit Company LLC | Dearborn | United State of America | http://www.ford.com/ |
Vna Holding Inc | Greensboro | United State of America |
Hewlett-Packard Fincl Svcs Co | Berkeley Heights | United State of America | http://www.hp.com/ |
Element Fleet MGT US Corp | Sparks | United State of America | http://www.elementfleet.com/ |
Wyndham Vacation Resorts Inc | Orlando | United State of America | http://www.worldmarkbywyndham.com/ |
Wells Fargo Coml Dist Fin LLC | Chicago | United State of America | http://www.transamerica.com/ |
BMW Financial Services Na LLC | Hilliard | United State of America | http://www.bmwusa.com/ |
Banc America Lsg & Capitl LLC | San Francisco | United State of America | http://www.bofaml.com/ |
Wells Fargo Equipment Fin Inc | Minneapolis | United State of America | http://www.wellsfargo.com/ |
Greatamerica Fincl Svcs Corp | Cedar Rapids | United State of America | http://www.greatamerica.com/ |