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Purchasing Power Presentation


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Purchasing Power Presentation

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Purchasing Power Presentation

  1. 1. 11 The Premier Employee Purchase Program May2016 Presented By: IAML Services, Inc. 450 Newport Center Drive, Suite 390 Newport Beach, CA 92660
  2. 2. 22 Agenda The Employee Benefits and Experience The Employer Benefits and Experience Let Us Introduce Ourselves1 2 3
  3. 3. 3 Who We Are What We Do We make it possible for employees to buy the products and services they need and want through a simple payroll deduction plan. We also provide financial wellness tools and resources that give them control of their financial decisions. How We Support Our Clients Purchasing Power supports our clients by providing a no-cost and no- liability benefit that impacts recruitment, engagement, and ultimately retention and productivity to help lower your business costs.
  4. 4. 4 A Proven Business Model A+ BBB Rating The employee purchase program of choice for Pep Boys, Quicken Loans, Time Warner Cable and more. 95% Client Retention Rate 7.6 Million Employees Have Access Award-Winning Customer Service $1.3 Billion in Orders Taken 1.2 Million Orders Processed 25 Million Payroll Deductions * As of 01.2015
  5. 5. 5 Products Popular Brand Names Popular Brand Names Popular Brand Names Popular Brand Names Popular Brand Names
  6. 6. 6 Services We’ve partnered with four leading online learning institutions to offer their education programs at competitive prices. Test Preparation Degree Programs Certifications Tutoring Cruises All-Inclusive Resorts Hotel Packages Destination Packages Our purpose is to provide a responsible way for people to access the products they need and want. But we also provide them with tools that educate and empower them to take control of their finances. • Online self-help resources • Financial education • In development a new gamification platform
  7. 7. 7 A Real Life Example Meet Amber She fits the profile of our typical customer Amber needs to buy a new refrigerator. She’s low on cash, and her credit score is below prime. What are her options?
  8. 8. 8 Amber’s Options Subprime/ In-Store Credit Card Payday Loan Rent-to-Own Retirement Savings/ Withdrawal
  9. 9. 9 Amber’s Not Alone Many employees share her frustrations: of 401(k) savers have an outstanding loan against their account. 70M do not qualify for prime credit and can’t turn to friends and family for help. 36% do not have at least $2,000 in emergency savings. 21%
  10. 10. 10 How We Help A manageable, convenient alternative  Payroll Deduction  Greater Financial Flexibility  No Late Fees  No Credit Checks  No Hidden Costs  No Interest  Upfront Shipping 93% of our customers say our program reduces their financial stress.
  11. 11. 11 How Does it Work Responsible Spending • Tenure and salary requirements • Spending and order limits Easy, Informed Shopping • Upfront pricing • No hidden fees Return Policy • Allows for most products to be returned within 30 days • Modified return policies on larger items, like furniture and televisions
  12. 12. 12 Employer Benefits Engagement Retention Productivity Recruitment Keep Costs Down
  13. 13. 13 260+ Clients7.6 Million Employees What our customers say about our program: Our Proven Results
  14. 14. 14 We Make It Simple Streamlined Implementation Ease of Administration File Transfer Flow • Typically 2-4 hours a month • 8-10 hours of your time over a 4-6 week period • Involves your Payroll, HR & IT departments
  15. 15. 15 We Make It Simple Employee Communications • Created and delivered by us • No cost to you • Mailers, flyers, onsite events, and emails Main Promotional Campaigns • Spring: March 15 – April 15 • Back to School: July 15 – August 15 • Holiday: November 1 – December 15 Full Program Support • Designated Account Manager and Client Services Manager • Performance reports • Updates on new products and services • Minimizes your administrative burden Benefit Fairs Emails Flyers Mailers
  16. 16. 16 Program Optimization 0.1% 1.5% 2.4% 4.0% Nothing Mail & Email Only Mail + Email AND Benefit Fair OR Train the Trainer All TouchPoints* Penetration Rates (First 30 Days) by Launch Touch Points Penetration rates improve as we add more touch points at the client launch. More communication channels Higher program utilization
  17. 17. 17 Thank You! For More Information: IAML Services, Inc. 949­760­1700 450 Newport Center Drive, Suite 390 Newport Beach, CA 92660 Newport Beach, CA 92660