Posts By: crelogix

Crelogix at LASOS Conference

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Burnaby, BC – October 21, 2016 –  Crelogix Acceptance Corporation, a leading Canadian vacation Ownership finance provider, announced their Director of Sales, Guillermo Martinez is attending the Latin American Shared Ownership Summit (LASOS) in Punta Cana, Dominican Republic, , October 25-27, 2016, in support of their Strategic Partner, RCI Latin America.

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Crelogix Celebrates Fifth Consecutive Year As One Of Canada’s Fastest-Growing Companies By Canadian Business Magazine

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Vancouver, British Columbia- September 15, 2016 – Crelogix Canada’s friendliest non-bank, technology enabled, consumer financial services company, has ranked No.328 in PROFIT 28th annual PROFIT 500 ranking of Canada’s Fastest-Growing Companies by Canadian Business and PROFIT.”

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JLL partnered with Crelogix to locate a new office space in Montreal

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Vancouver, August 15, 2016 – Crelogix, a leading Canadian consumer finance provider, and JLL announced today that they had partnered to locate new Crelogix office space in Montreal. After a thorough and extensive search Crelogix has decided to open its new office space in the prestigious Telus building in downtown Montreal.

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Crelogix partners with Eco Motion Solutions to make eco-friendly, carbon free and portable transportation accessible to all Canadians through financing.

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Vancouver, BC – August 11th, 2016 Crelogix Acceptance Corporation, a leading Canadian consumer financing provider, has partnered with Eco Motion Solutions to create a financing solution for Canadians seeking eco-friendly, carbon free, and portable transportation solutions. Designed to help customers who seek assistance with transportation, or for those who want an effortless commute, there are… Read more »

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Central Dental Laboratories to Offer Financing Options with Crelogix

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VANCOUVER July 16, 2016 – Crelogix Acceptance Corporation, a leading Canadian consumer finance provider, and Central Dental Laboratories, a full service laboratory serving Ontario based dentists, have partnered to offer financing programs available to dental clinics. Central Dental Laboratories specializes in advanced prosthetics including metal free, traditional and implant supported restorations.

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Crelogix launches proprietary Group Creditor Insurance portal

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VANCOUVER, BRITISH COLUMBIA — July 6, 2016 – Crelogix Acceptance Corporation, a leading Canadian consumer finance provider, announced today that they have developed and launched a proprietary Group Creditor Insurance Portal (Insurlogix) designed specifically to meet the insurance technology needs of their broker and merchant partners across Canada.

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Crelogix to open new Montreal Office

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Vancouver, BC – July 6th, 2016: Crelogix Acceptance Corporation, a leading Canadian consumer financing provider, have relocated their office in Quebec. The move comes after opening the first Crelogix office in Montreal in September 2014, which contributed to an accelerated growth to the company’s presence in Eastern Canada.

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Crelogix new loan-by-phone technology mCrelogix offers point-of-sale financing for business

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Vancouver, BC – June 24, 2016 Crelogix Acceptance Corporation, a leading Canadian technology-enabled, consumer financial services company, have launched mCrelogix, a platform that gives consumers the ability to apply for financing from the convenience of any device. Available now, mCrelogix facilitates immediate, user-friendly access to the platform regardless of their locations or device.

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Case Study – Strength Finance

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Strength Finance unites with businesses all over Canada to collaborate and reach new levels of success. The relationship between Crelogix and Strength Finance is one that helps small and medium businesses with financing solutions. The repeated collaboration between the two has led to more sales and increased revenues for both parties involved. View the Case… Read more »

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Canada’s Top 100 Small and Medium Employers awards Crelogix Acceptance Corporation

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Vancouver, British Columbia – March 30, 2016 – Crelogix Acceptance Corporation, a leading Canadian consumer financing provider,  has been awarded Canada’s Top Small & Medium Enterprises 2016 by Canada’s Top 100 Employers. This is the second year in a row that Crelogix has received the award. Canada’s SME 2016 is a national competition that recognizes small- and medium-sized… Read more »

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Crelogix exec appointed to CRDA Board of Directors

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Vancouver, BC, Canada; March 15, 2016 –Crelogix Acceptance Corporation, a leading Canadian consumer finance provider, announced that their Director of Sales for the Vacation Ownership division, Guillermo Martinez, has agreed to serve on the board of the Canadian Resort Development Association (CRDA).

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El Cid Vacations Club recognizing increased sales to Canadian timeshare purchasers thanks to Crelogix

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  Vancouver, BC; February 29 2016 – Crelogix Acceptance Corporation, a leading Canadian consumer finance provider, announced that their recent relationship with El Cid Vacations Club, head quartered in Mazatlan, Mexico, has successfully met projected number of sales of vacation ownership club memberships.

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The Pool and Hot Tub Council of Canada Partners with Crelogix

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Vancouver, BC – February 17, 2016 Crelogix Acceptance Corporation, a leading Canadian consumer financing provider, has partnered with the Pool and Hot Tub Council of Canada (PHTCC), an association for companies, organizations and individuals who are involved in the aquatic leisure industry. The partnership with Crelogix will create more opportunities for PHTCC members to offer their customers affordability… Read more »

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Truck Training Schools Association of Ontario Partners with Crelogix

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Vancouver, BC – February 2, 2016 Crelogix Acceptance Corporation, a leading Canadian consumer financing provider, has partnered with the Truck Training Schools Association of Ontario (TTSAO), an association committed to providing the trucking industry with the highest quality driver training programs. TTSAO works across the province to help provide positive changes to the industry.

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CFMOTO Partners with Crelogix to Create Financing Solutions

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VANCOUVER, BC – February 1, 2016 Crelogix Acceptance Corporation, a leading Canadian consumer financing provider, has partnered with CFMOTO Canada, a leading manufacturer of high end vehicles for the Powersports industry. Financing programs are now available on CFMOTO products, allowing Canadians nationwide to indulge in the some of the highest quality vehicles available.

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Oxford Learning and Crelogix Offer Financing Solutions On Education Programs

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Vancouver, BC – January 19, 2016: Crelogix Acceptance Corporation, a leading Canadian consumer financing provider, has partnered with Oxford Learning, an innovative education franchise.  Oxford Learning provides unique and engaging tutoring programs, and financing programs are now available to help children from K-12 succeed in their educational goals.

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The Benefits and Advantages of Financing a Timeshare

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Canadians are vacationing around the world and saving pennies a day through financing.

Timeshares and vacation ownership used to have a bad reputation – pushy sales people and long presentations were turning people away from making this purchase. That bad reputation is a thing of the past. Times have changed and there are opportunities for Canadians to own a timeshare in a tropical paradise with the comforts of home while in a resort setting.

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Crelogix and Tutor Doctor Announce New Consumer Finance Program

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Supplemental education is about to become more affordable for families across the region.

Vancouver, BC – July 9, 2015: Crelogix Acceptance Corporation, a leading Canadian consumer financing provider, has partnered with Tutor Doctor, one of the world’s fastest growing educational franchises and leader in private tutoring. Financing is now available to customers who seek Tutor Doctor’s services in Canada, making success in school within reach for everyone, no matter what their financial situation is.

Tutor Doctor specializes in a tutoring model that acknowledges the unique learning style of the individual learner, providing learning in the comfort of home.

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Crelogix Appoints Arne Hassel-Gren as Director of Sales for Personal Services Central Division

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Vancouver, BC July 3, 2015 Crelogix Acceptance Corporation, a leading Canadian consumer financing provider, has appointed Arne Hassel-Gren asDirector of Sales in the Personal Services Central Division.

Mr. Hassel-Gren has been with Crelogix since 2009 and has most recently been responsible for Personal Services in the Toronto area increasing Crelogix’s market penetration and growing its service levels.

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Consumer Financing – a Win/Win for Merchants and Customers

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Do you remember the last time you made a significant purchase?
Did you worry how you were going to pay for that purchase? Sometimes financing and urgent expense such as a dental procedure or home repair can create a lot of additional stress for your patient or customer.
Gift your customer with the knowledge of making an educated decision when it comes to financing their purchase, you will not only increase your customers confidence in that purchase, but eliminate stress, and the dreaded “buyer’s remorse”.

Top Reasons consumers will benefit from offering Consumer Financing
Budgeting Bliss – with consumer financing, payments are fixed for the term of the loan; making it easy to budget and know exactly how long before the loan will be paid off.

No Snowball Effect – When using a credit card for a purchase, interest is calculated on both the initial principal balance of the purchase, as well as any accumulated interest on a previous balance. This is like chasing a moving target, and one of the top reasons Canadian’s struggle with credit card debt. It’s essentially adding interest on top of interest, eventually it comes crashing down.

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3 Steps to offering consumer financing

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Consumer financing is a powerful sales tool when used properly. This guide is to help you achieve further sales success and increase your business revenue with a valuable payment method for your customers.

So, you’re closing a sale, or maybe you’re in the middle of building rapport with your customer. At what point do you bring up financing? Do you wait until you are asked for it? Do you bring it up in the middle of conversation? Make sure you are making it an easy question for them to ask you. There are two reasons why customers will NOT ask you about financing, so it is important to understand this and make it easy to discuss.

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Crelogix Celebrates 41st Anniversary with CMHA Ride Don’t Hide

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Vancouver, British Columbia- May 19, 2015 Crelogix Acceptance Corporation, a leading Canadian consumer financing provider, will be celebrating its 41st Anniversary by supporting the Canadian Mental Health Association (CMHA) in the annual Ride Don’t Hide bike ride on June 21, 2015.

The annual Ride Don’t Hide event is in support of mental health. Crelogix employees have been supporting this cause for the past five years and the company matches all employees’ donations in an effort to make a bigger impact in the community.

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Crelogix Appoints Karim Nanji as Vice President of Information Technology

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Vancouver, BC –April 22, 2015 Crelogix Acceptance Corporation, a leading Canadian instalment credit provider, has appointed Karim Nanji as Vice President of Information Technology.`

Mr. Nanji is a Senior Product, Strategy and Technology executive who brings more than 25 years’ success and experience in retail financial services and financial technology in both B2B and B2C environments supporting annual revenues of $110 million and a global client base of 30,000 plus.

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RCI Latin America and Crelogix work together to offer Vacation Ownership Financing Programs

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RCI, the global leader in vacation exchange has partnered with Crelogix Acceptance Corporation to provide vacation ownership financing programs to RCI merchants, for their Canadian customers who purchase time share properties across its Latin America region (Mexico, the Spanish speaking Caribbean, as well as Central and South America).

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Ask the Expert: 6 Simple Tips to Ensure Offering Consumer Financing Works for You

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Qualifying your customer for consumer financing

Steven Brown has been in the power sports business his entire life, and has worked as a dealer principal, Suzuki Canada sales representative, broker and business manager. At Suzuki he was recognized as one of the company’s top selling Canadian salespeople. As a broker in southwest Ontario he built a business from zero sales in 2003 to $5 million/year by 2006. Today, as a Crelogix Power Products District Manager Mr. Brown continues to work with dealerships, helping them get the most out of consumer financing.

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Canada’s Top 100 Small and Medium Employers awards Crelogix Acceptance Corporation

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Vancouver, British Columbia- March 11, 2015 Crelogix Acceptance Corporation, a leading Canadian consumer financing provider, has been awarded Canada’s Top Small & Medium Enterprises 2015 by Canada’s Top 100 Employers. Canada’s SME 2015 is a national competition that recognizes small and medium sized enterprises for creating exceptional workplaces with forward thinking human resources.

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Success Series: Achieving Goals with Social Media

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Growing a business takes more than just a great product and reasonable price; it means looking at your business through your customers’ eyes, and learning about your customer so you can engage them where it matters. Crelogix works with thousands of merchants every day, many of them industry leaders, innovators and disruptors. Some businesses have unique perspectives on what it takes to succeed, and excel within their industry in innovative ways. Crelogix’s Success Series highlights the success of these innovators to share their stories with other small and medium sized businesses (SMEs) to help them learn, grow and, succeed.

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Crelogix Appoints Lucie Gagné as Vice President and General Manager of Vacation Ownership Financing

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Lucie Gagne

Vancouver, BC – January 30, 2015: Crelogix Acceptance Corporation, a leading Canadian consumer financing provider, has appointed Lucie Gagné as Vice President and General Manager of Vacation Ownership Financing.

Ms. Gagné is a seasoned industry insider in the travel, leisure and timeshare industry, with more than 30 years of experience in business development, marketing and operational support and management. As one of the founding architects and Vice President of RCI Canada she was instrumental in conveying the company to leadership of the Vacation Ownership industry in Canada. The membership base grew from 40,000 to more than 350,000 ensuring revenue growth in the range of 20-25% every year. Almost all resorts became RCI affiliates (90-95%). In her role she collaborated with resort developers in the planning and development of new resorts including feasibility studies, resort design, marketing plans and sales training. She also liaised with industry leaders internationally facilitating investments and partnerships in the country. This broad and deep experience will undoubtedly empower her success at Crelogix creating consumer finance products that will grow sales and benefit the industry.

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Crelogix Appoints Sean Zaichick as Vice President and General Manager of Personal Services Financing

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Vancouver, BC – January 26, 2015: Crelogix Acceptance Corporation, a leading Canadian consumer financing provider, has appointed Sean Zaichick as Vice President and General Manager of the Personal Services division.

Mr. Zaichick brings to Crelogix over 25 years’ of financial services experience, developing and leading B2C focused businesses and growing sales. As Vice President of sales and business development at National Home Services he was instrumental in building the client base from a standing start to over 260,000 residential customers in Ontario within five years resulting in the sale of the company to its leading competitor for $505 Million. Sean’s expertise in the energy, utilities, HVAC and water heater markets is complemented by previous leadership positions in the dating service and fitness industries where he built highly effective, dedicated sales and marketing teams that drove sales and built businesses.

Crelogix Personal Services Division provides healthcare, tuition, membership providers and their networks of retailers with point of sale instalment credit financing solutions.

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Finding the Right F&I Broker

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5 Questions Every Dealership Needs to Ask Their Broker Choosing the right F&I broker is one of the most important decisions you make for your power sports dealership. F&I, or finance and insurance brokers are gateways to access consumer financing for many Canadian dealerships, and finding the right one can boast sales and profitability. However,… Read more »

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Crelogix Appoints Joe Oudaimy as Vice President and General Manager of Consumer Durables Financing

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Joe OudaimyVancouver, BC – January 20, 2015: Crelogix Acceptance Corporation, a leading Canadian consumer financing provider, has appointed Joe Oudaimy as Vice President and General Manager of the Consumer Durables division.

Mr. Oudaimy has over 30 years of leadership experience in commercial and consumer lending with a proven track record of building and growing businesses. At Merchant Retail Leasing Service, he generated an annual merchant volume of 325,000 applications with an average ticket of $3,500 for an annual volume of $750M from the Eastern Canadian Region, significantly contributing to the bottom line growth of clients such as Bombardier, Yamaha, Westburn Electric, and UAP/NAPA. At CIBC he played a pivotal role in the management of branch mergers and in the significant growth of multiple branch portfolios including the Vancouver Flagship portfolio by over $200M.

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Engineering Success: The Importance of Industry Expertise in Consumer Financing

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Oxford Learning Centres, an innovator in tutoring services, wanted to grow enrolments using consumer financing. Overwhelmed by the complexity of multiple franchisees, it was in search for a simple solution.

In the past, Oxford Learning struggled to cope with efficient financing of loans to the consumer. Tuition financing for low income household was dropping and the franchises stumbled to close deals. In turn, many families couldn’t send their children to tutoring centres. Oxford Learning was in search of a lasting fix. In traditional consumer financing markets, such as power sports and automobiles, financing is used as the first option of payment. Since the tutoring industry is relatively new to retail financing, consumers are less informed of financing as a viable method of payment.

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iPhones, Aging Consumers and the Future of Consumer Financing

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A decade ago the consumer financing sector was in the midst of integrating internet technology. Phone calls remained the dominant communication method connecting businesses and lenders, and documents were generally exchanged via fax or courier. The potential of the internet to simplify and hasten document sharing and communication were in their infancy. These days it is impossible to imagine doing business – including retail financing – without the internet. Yet even as the internet’s potential is slowly realized and integrated in consumer financing, new disruptive technologies, trends and behaviours are emerging that will continue to shape the industry.

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Crelogix Appoints Sylvain Archambault as Regional Manager for Personal Services

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Sylvain ArchambaultVancouver, BC – December 16, 2014: Crelogix Acceptance Corporation, a leading Canadian consumer financing provider, has appointed Sylvain Archambault as Eastern Regional Manager, Personal Services Division.

Mr. Archambault has almost 25 years of experience in financing, having held senior positions in financial marketing and marketing management at Wajax Industries, The Laurentian Bank of Canada and Honda Canada Finance. He joined Crelogix in 2013 as Regional Manager for the Power Products Division. Moving forward, he will add value to our partners in the healthcare, tuition and membership industries, helping them sustain their growth targets for the future.

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How can I Grow my Ticket Size Using Consumer Financing?

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When most of us think about increasing profits we think of either increasing sales or cutting costs. Yet cut costs wrong and you can risk business and its long-term prospects, as was evident at Walmart in the US after staff reductions caused longer checkout lines, less store help and disorganization. Meanwhile, increasing sales can be an elusive goal and often outside your control. A third way to increase profits – often overlooked – is increasing ticket size.

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Ask the Expert: How can I Attract New Customers to my Dealership?

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How good is your power sport dealership at attracting new customers? Attracting new customers may be the foundation for growing a business, but it is not always as simple as it seems. Below are four tried and tested methods that I’ve developed over the years to grow a customer base.

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Crelogix Appoints Wendy Mootoosingh as Regional Manager for Home Improvement

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Wendy MootooSinghVancouver, BC – October 29, 2014: Crelogix Acceptance Corporation, a leading Canadian consumer financing provider, has appointed Wendy Mootoosingh as Regional Manager for Home Improvement in Central Canada. This is one of the many areas of growth for Crelogix to respond to the needs of a $10 billion instalment credit market.

Ms. Mootoosingh is a creative and high-energy senior account executive, who has more than 10 years of experience in the window manufacturing and HVAC industries. She successfully launched All Weather Windows‘ renovation division in Greater Toronto Area by partnering with large home renovations dealers, achieving annual budget within the first quarter.  As a result, she helped All Weather Windows close the market gap by ultimately shifting business focus from selling directly to consumer to selling via a network of dealers.

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More Sales, More Profit: Why Every Dealership Needs an F&I Manager

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Venom Off Road is ready to grow. The Kelowna-based power sports dealership, in British Columbia’s Interior, currently sells about 150 units a year. However, owner Doug Carey has plans to change this: increasing sales of ATVs, UTVs, dirt bikes and snowmobiles while adding new departments and product lines to his arsenal. His first step: hire an in-house F&I (finance and insurance) manager. “Financing is an area that I know can be very profitable for dealerships,” he said.

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3 Tips To Ensure Your Canadian Product Launch Pays Off

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Canadians love new and innovative products. In fact a 2013 survey by Product of the Year Canada found 8 in 10 of us factor products being innovative into our buying decisions. Yet product innovation – whether it is improving on existing products or disrupting the market with entirely new ones – can be very difficult, and the road to success is littered with failures. A lot of failures: Some estimate that as many as two-thirds of new products will fail within two years.

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Crelogix Continues its Accelerated Growth by Opening a Quebec Office

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Vancouver, BC –September 29, 2014: Crelogix Acceptance Corporation, a leading Canadian consumer financing provider, has opened a new office in Quebec. This move will solidify and maintain Crelogix’s accelerated growth while better serving its partners in one of its fastest growing markets.

The new Montreal office will give Crelogix’s partners and their customers access to quick business support from local staff as it expands its presence in the province.

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Ask the Expert: Am I Getting Enough Out of Each Sale?

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How many times have you been out for dinner when the server has said “Our feature appetizer tonight is… Would you like to try it?”, or experienced the infamous McDonald’s “would you like to up-size for just $0.50?” Simple, specific upsells that solicit the emotional, spontaneous ‘yes’. We all talk a lot about upselling, and most of the time it sounds easy. However, most of us are not as successful at it as we would like. Upselling requires top selling skills, tenacity and customer awareness.

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Nick Carter of Crelogix Speaking at Canadian Resort Conference 2014

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Nick CarterVancouver, BC – September 22, 2014: Crelogix Acceptance Corporation, a leading Canadian consumer financing provider, will share unique insights into the Vacation Ownership industry at the upcoming Canadian Resort Conference.

Crelogix Vacation Ownership expert and Vice President of Quality Assurance Nick Carter will feature on a panel discussing obstacles financially impacting the Vacation Ownership industry and the accessibility of resort financing for developers and consumers.

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HVAC Success Story: Vital Lessons I Learned Building a Business

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A typical Canadian HVAC business lasts for around four to five years. A short shelf life, akin to a restaurant’s. Yet Françoise Jean-Denis found a way to buck that trend, and with the help of her husband, has been running her successful home improvement and HVAC business since 1989, thanks partly to knowing how to use renovation financing. The home renovations industry veteran shares some insights into what has helped her business, Le Groupe Réno Habitat Inc., thrive and some of the important lessons she has learned along the way.

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Understanding Whether Your Product Market Is Conducive for Financing

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Does Your Business Need Consumer Financing?

If you run a business it is important to know whether you need to offer consumer financing options. Point-of-service consumer financing options such as instalment credit can benefit your business and customers, helping them get their hands on the tools, toys or home renovations they want. And Canadians continue to show they have an appetite for it: In just three months in 2013 almost $450 million of retail spending was paid for via financing.

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Why Your Network of Dealers Deserves Quality Customer Service from a Financing Partner

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More than Just Money: Why Customer Service Matters in Financing

When Concerto Windows signed a partnership giving its dealers the opportunity to start offering point-of-sale consumer financing on its products it wanted more than just a bank to provide financing. The manufacturer of all-weather windows and doors knew its national network of dealers were not trained to use sales financing, and it wanted a program that would support them.

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Instalment Credit Lenders and Banks: A Case Study Every Business Needs to Read

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Munro Motors had literally run out of options. Only a single bank was left providing consumer financing on used motorcycles – a lucrative division – and its loan conditions were so prohibitive that it was costing sales. “They were trying to fit car loan terms on to motorbikes and it just wasn’t working,” says owner Andy Munro.

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How Can I Use Marketing Programs to Close More Sales?

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How In-Store Merchandising Can Revolutionize Your Financing

Catalina Spas went against traditional wisdom in the spa industry when it put point-of-sale (POS) marketing material mentioning prices on its showroom models. Most spa retailers are wary of displaying prices on showroom models because they can vary substantially depending on the options customers select and the full up-front cost can sometimes appear large. Catalina Spas owner Scott Orbell was prepared to challenge the prevailing wisdom and place POS marketing material on his showroom models. The material states the monthly price ranges available on each model, to show customers just how affordable spas can become if monthly payments are used.

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How to Get Your Network of Dealers Selling More with Financing

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Most national Canadian distributors and manufacturers are familiar with the difficulties involved in rolling out new financing programs across a network of dealers. Signing a partnership to give dealers more sales tools is one thing. Convincing them to use it is often another. To overcome this, Ontario-based Hydropool Hot Tubs developed a three-step process, starting with an email, followed by a phone call and ending with a face-to-face visit. The most important part of this process is not the hundreds of dollars of financial incentives being offered on every vendor sale using financing. It is the final in-store visit by a sales representative.

Related: Why Your Network of Dealers Deserves Quality Customer Service from a Financing Partner

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Crelogix Launches New Website and Resource Centre

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Vancouver, BC – June 23, 2014: Crelogix Acceptance Corporation, a leading Canadian consumer financing provider, is proud to announce the launch of its new website, featuring a resource centre designed to help businesses boost sales through point-of-sale financing.

The new bilingual website has been crafted around Crelogix’s belief in educating Canadian manufacturers, wholesalers and their networks of merchants about instalment credit consumer financing programs and its economic impact on their businesses.

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Crelogix Acceptance Corporation Ranks No. 264 on the 2014 PROFIT 500

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PROFIT 500 logo - croppedBURNABY, BC, June 18, 2014: Crelogix Acceptance Corporation, a leading Canadian consumer financing provider, has ranked No. 264 in PROFIT Magazine’s 26th annual PROFIT 500, a ranking of Canada’s Fastest-Growing Companies by Canadian Business and PROFIT.

It is Crelogix’s third consecutive inclusion in PROFIT’s annual listing of the fastest-growing Canadian businesses, recording a five-year revenue growth of 210% to make the 2014 list.

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Is Your Financing Partner the Right Fit for Your Dealers?

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What did you look for when you chose a consumer financing partner for your dealer network? Competitive interest rates? Good customer support? Smooth process integration and marketing expertise? These days there are plenty of options for manufacturers and wholesalers looking to provide consumer financing to their networks, from the big banks to smaller specialty houses catering to niche markets. Financing has become big business in Canada, with consumer instalment loan and credit card use growing by 11 per cent in 2013, according to Equifax Canada. The average Canadian now carries almost $16,000 of non-mortgage debt.

Related: Instalment Credit Lenders and Banks: A Case Study Every Business Needs to Read

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Avoiding a Sales Catastrophe

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When LDG Enterprises owner Louis Geddes got a 90-day notice that his bank was exiting the Canadian market he knew he had to act fast. An estimated 90 per cent of his vacuum sales business’ $2 million annual revenue was dependent on installment credit. Without it his staff’s ability to close sales would be crippled. His business would cease to exist. Louis needed a solution and needed it fast. What Louis did not expect as he started the search for a new financing partner was that he would end up with a better deal.

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No Time to Mess Around

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Running a small business is time consuming. Just ask Jessie Smitham, executive director Sylvan Learning Guelph, Ontario. Trying to reach her after 2:30PM – when the students she tutors start to arrive – is all but impossible and the rest of her time is spent running her business. Located near Kitchener on the outskirts of Toronto, Sylvan‘s Guelph franchise provides tutoring support for about 100 K-12 students at a time.

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The Cost of Trailing Behind

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Watching a customer leave your store empty handed hurts. Watching an interested customer keen to make a purchase walk away empty handed because you couldn’t offer financing hurts even more. It is disheartening for sales staff and it costs money. Yet this was exactly the situation facing sales staff at Ontario-based retailer Bluewater Trailers. Despite offering competitive prices and having almost 100 trailers in its range, Bluewater lacked any financing option. All it could offer customers lacking the means to make outright purchases was leasing, hamstringing sales staff in an industry where most buyers’ top priority is walking away with a new trailer that day.

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Finding the Tools to Overcome Stagnation

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It felt like Renovations Sans Limite was stuck in a holding pattern. The Quebec-based home renovation company was certainly generating business and securing home renovation contracts. Yet, it was missing out on many of the more profitable, larger jobs because it couldn’t offer financing. This was hurting revenue and impacting growth. It was turning into a serious problem for owner Steve Benoit, preventing him from growing his company the way he envisaged. It was a problem he would often consider as he weighed up what financing option would best suit his business. What financing option could help him break the cycle.

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Crelogix Partners with Leading Canadian Window Producer

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Vancouver, BC – May 21, 2014: Crelogix Acceptance Corporation, a leading Canadian consumer financing provider, has signed a partnership with Concerto Windows, offering buyers of its premium window range an easy and affordable payment option. The partnership is right in time for the peak season of Canada’s annual $1.5 billion window manufacturing sector.

Concerto, part of Royal Building Products, sells air-tight window systems designed for the toughest conditions the Canada environment can throw at them, whether it is the bitter cold of winter or the extreme heat of summer.

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Crelogix and Reno Maître Announce New Consumer Finance Program

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Crelogix Acceptance Corporation, a leading Canadian consumer financing provider, has signed a partnership with Reno Maître, a Quebec association representing 600 home improvement contractors, to offer affordable payment options on home improvements.

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Derral Moriyama Joins Crelogix as Advisor

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Derral MoriyamaBurnaby, BC – March 31, 2014: Crelogix Acceptance Corporation, a leading Canadian consumer financing provider, welcomes Derral Moriyama as a member of the advisor board.

Mr. Moriyama’s esteemed career in financial services spans more than thirty-three years, most recently as BMO Financial Group’s Senior Vice President of business development and previous senior positions in risk management, commercial and corporate banking at BMO and MNP LLP. He continues to work with BMO, MNP and other financial institutions through his consulting company Moriyama Consulting Inc.

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Crelogix to Provide Financing for BuyaTimeshare.com Canadian Customers

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Crelogix Acceptance Corporation, a leading Canadian consumer financing provider, is pleased to announce it has partnered with BuyaTimeshare.com, a US-based online platform specializing in re-selling timeshares across the world. As part of the partnership, Crelogix will provide direct consumer financing for Canadian buyers interested in accessing the timeshare re-sale market offered online by BuyaTimeshare.com.

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Crelogix Announces New Financing Program for Janome Canada

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Vancouver, BC – February 7, 2014: Janome Canada and Crelogix, a leading Canadian consumer financing provider, announce a partnership which enables the dealers of the number one brand choice of sewing machine across Canada to offer financing options to their consumers. Crelogix will also give Janome access to MyCrelogix.net, a proprietary, web based point of sale system that makes applying and receiving credit approval fast and easy for both the merchant and the consumer. This partnership will let countless sewing enthusiasts in Canada to bring home top-of-the-line sewing machines with affordable monthly payments.

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Crelogix Appoints Serge Maheux as Managing Director for Power Products Financing

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Serge MaheuxBurnaby, BC – December 19, 2013: Crelogix, Canada’s leading specialty finance company, has appointed Serge Maheux as Managing Director for Power Products Financing.

Mr. Maheux brings to his new position two decades of finance-related managerial experience. Prior to joining Crelogix, he was a Regional Sales Director at Laurentian Bank of Canada, where he assisted merchants on financing matters. He was previously General Manager at Riendeau Sports, where he was responsible for managing client financing as well as sales and inventory. He was also a Credit and Operations Team Manager with Bombardier Capital, where he was responsible for credit line approval for both consumer and commercial customers. At Bombardier, he planned the opening of the Canadian Consumer Finance Division.

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Crelogix to provide financing for Club Meliá Canadian customers

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La versión española / Spanish version Vancouver, BC – October 17, 2013: Club Meliá by Meliá Hotels International, a leading international vacation membership club with locations in the Caribbean, Mexico, Central America and Europe, has partnered with Crelogix Acceptance to provide a consumer loan program for Canadian customers purchasing time share products at Club Meliá Resorts.

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Crelogix Appoints Serge Maheux, Regional Manager, Home Improvement Division

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Serge MaheuxVancouver, BC, September 24, 2013: Crelogix, Canada’s leading independent specialty finance company, announced today the appointment of Serge Maheux as a new Regional Manager for Eastern Canada, Home Improvement.

Serge worked as a Regional Sales Director for Laurentian Bank of Canada for more than eight years. Over there, he developed the home improvement and pool and spas markets. Serge possesses great leadership skills through his job as a General Manager at Riendeau Sports, where he lowered costs through negotiating contracts and financing terms with suppliers. He also worked for Bombardiers Capital Inc. as a Credit and Operations Team Manager, where he planned the opening of the Canadian consumer finance division.

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Crelogix Appoints Richard Gagnon, Vice President, Human Resources

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Richard GagnonVANCOUVER, BC, September 24, 2013: Crelogix, Canada’s leading specialty finance company, is pleased to announce Richard Gagnon as the new Vice President of Human Resources.

Prior to joining Crelogix, Richard was the Assistant Director of Human Resources at Fairmont Pacific Rim. He brings eight years of experience from various Fairmont locations including Vancouver, Quebec City, and the national head office in Toronto. Richard has been directing and implementing strategies pertaining to coaching, counselling, recruitment, and career development as he continually assumed greater responsibilities at Fairmont Hotels and Resorts. He has also played an instrumental role in the company’s compensation, especially with his position as a benefits advisor and his contributions to negotiating a Collective Agreement with the staff.

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Team Crelogix Rides for Mental Health Awareness

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Burnaby, BC, July 8, 2013: Team Crelogix took part in the Canadian Mental Health Association (CMHA) 5th Annual Community Bike Ride on Sunday June 23rd, 2013. Team Crelogix along with other riders cycled through Vancouver and Burnaby to help raise awareness and funds for the programs and services of the CMHA.

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Crelogix Acceptance Corporation Ranks No. 231 on the 2013 PROFIT 500

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PROFIT 500 2013 logoPROFIT magazine unveils 25th annual list of Canada’s Fastest-Growing Companies

BURNABY, BC, June 3, 2013: PROFIT Magazine today ranked Crelogix Acceptance Corporation No. 231 on the 25th annual PROFIT 500, the definitive ranking of Canada’s Fastest-Growing Companies. Published in the Summer issue of PROFIT Magazine and online at PROFITguide.com, the PROFIT 500 ranks Canadian businesses by their revenue growth over five years.

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Crelogix nomme Bob Pattison au poste de directeur général des services liés aux biens de consommation durables

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BURNABY, C.-B., le 13 mai 2013 – Crelogix, la société de services de financement spécialisé, indépendante et chef de file au Canada, a annoncé aujourd’hui la nomination M. Bob Pattison au poste de directeur général de sa division de biens de consommation durables. M. Pattison est entré en fonction à Crelogix avec plus de vingt-deux… Read more »

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Crelogix Appoints Bob Pattison, Managing Director, Consumer Durables

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BURNABY, BC, May 13th, 2013: Crelogix, Canada’s leading independent specialty finance company announced today the appointment of Bob Pattison as a Managing Director, Consumer Durables Division. Bob joins Crelogix with over twenty-two years of comprehensive experience in driving sales and growth through business development, sales management and financial services of the Consumer Durables industry. Prior… Read more »

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Crelogix Appoints Ian Kobelak, Managing Director, Power Products Division

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VANCOUVER, BC, January 7, 2013: Crelogix, Canada’s leading independent speciality finance company announced today the appointment of Ian Kobelak, as Managing Director of its Power Products Division.

Ian comes to Crelogix with a wide and deep foundation of commercial lending and vendor finance experience. He spent ten years with Transamerica Commercial Finance where he progressed to the National Operations Manager position in 2002. In 2004 Ian joined GE Commercial Distribution Finance as Operations Manager, Powersports. He later moved to GE Money as National Program Manager and subsequently General Manager, Powersports Finance. Ian has most recently been involved in commercial finance and consulting sales management with the Business Development Bank of Canada.

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Crelogix Appoints Sylvain Archambault, Eastern Regional Manager, Power Products Division

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Sylvain ArchambaultVANCOUVER, BC, January 3, 2013: Crelogix, Canada’s leading independent speciality finance company announced today the appointment of Sylvain Archambault as Eastern Regional Manager, Power Products Division.

Sylvain joins Crelogix with 22 years of progressively responsible financial marketing and marketing management experience in the Canadian power products marketplace. He has held senior positions at Wajax Industries (Sales Manager), The Laurentian Bank of Canada (Director of Sales & Marketing, Recreational Vehicles Division, Home Improvement & marine), also as Director of Sales at CLE leasing and 12 years at Honda Canada /Honda Canada Finance as Director of Sales (recreational vehicles) and Director of Sales & Marketing (ATVs, motorcycles & marine).

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Crelogix Appoints Terry Lavery, Western Regional Manager, Power Products Division

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Terry LaveryVANCOUVER, BC, January 3, 2013: Crelogix, Canada’s leading independent speciality finance company announced today the appointment of Terry Lavery as Western Regional Manager, Power Products Division.

Terry comes to Crelogix with a solid background with more than 15 years of experience in building and leading integrated financing and sales operations with leading industry players including Home Equity Bank, Credit Acceptance and Newcourt Financial (CIT Financial) where he performed in a regional management role across western Canada supporting district managers and numerous merchants and sponsors with power products (Yamaha Motor Company Finance), consumer durables (Future Shop, Visions Electronics, London Drugs, A & B Sound) and home improvements (United Technologies, Timber Mart) providing sales finance and insurance solutions.

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Crelogix Appoints Lorenzo Ghio as Managing Director, Home Improvement Division

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Lorenzo GhioBURNABY, BC, November 6, 2012: Effective today, Crelogix is announcing the appointment of Lorenzo (Larry) Ghio, as Managing Director, Home Improvement Finance.

Mister Ghio comes to Crelogix from a long and successful history at The Laurentian Bank most recently as Assistant Vice President, Business development, Renovation and Builders Loans and previously at Laurentian, Assistant Vice President, Business development, Merchant Loans. Prior to Laurentian he was Regional Sales Manager (Quebec) for Deutche Financial Services Canada with previous management and sales positions at Polaris Industries and Transamerica Commercial Finance.

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Crelogix Appoints Stacey Mills Regional Manager, Home Improvement Division

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BURNABY, BC, 30 October 2012: Crelogix is announcing the appointment of Stacey Mills, as Regional Manager, Home Improvement Division. Stacey takes up the position as Western Regional Manager to replace Alton Mick who is retiring. Stacey comes to Crelogix from Van City where he was Manager, Commercial Accounts, Business Banking where he worked with business… Read more »

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Crelogix Appoints Stacey Mills Regional Manager, Home Improvement Division

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Stacey MillsBURNABY, BC, 30 October 2012: Crelogix is announcing the appointment of Stacey Mills, as Regional Manager, Home Improvement Division. Stacey takes up the position as Western Regional Manager to replace Alton Mick who is retiring.

Stacey comes to Crelogix from Van City where he was Manager, Commercial Accounts, Business Banking where he worked with business owners within the Lower mainland of British Columbia to provide financing and consultation. Prior to Van City Stacey was Regional Manager at Laurentian Bank where he was responsible for the Western Canadian Region providing Retail finance lending and Regional Manager at Deutsche Bank where he provided wholesale floor plan lending and asset based financing to Western Canadian National Manufacturers, Regional distributors and local business owners. Stacey has also held complimentary positions at Suzuki Canada and was previously a small business owner.

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Crelogix Appoints John Mccarthy Regional Manager Of Its Home Improvement Division

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VANCOUVER, BC: October 8th, 2012: Crelogix is proud to announce the appointment of John McCarthy as Regional Manager (Home Improvement Division). This new appointments is effective immediately.

John McCarthy will assume the position of Regional Manager Central Canada – Home Improvement Finance. John joined Crelogix in November of 2009 and has contributed significantly to the growth of the Home Improvement Division. John has a mandate to recruit, select, hire, train, develop and mentor a sales team and increase Crelogix service levels across Central Canada.

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Team Crelogix goes all out for Mental Health Awareness

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Burnaby, BC, June 29, 2012: Team Crelogix supported The Canadian Mental Health Association to help make the CMHA 4th Annual Community Bike Ride last Sunday, June 24th, 2012 a resounding success. Team Crelogix along with other riders cycled through Vancouver and Burnaby to help raise awareness and funds for the programs and services of the Canadian Mental Health Association.

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Crelogix names Robert Strathearn as Director of Ancillary Products

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Rob StrathearnBurnaby, BC, June 27, 2012: Crelogix announced today that Robert Strathearn has been appointed as Director of Ancillary Products reporting directly to President & Chief Executive Officer, Karl Sigerist.

Mister Strathearn is a seasoned executive with 25 years of senior management experience in marketing, sales, product development and operations. He was recently Vice President of Signature Business Solutions Inc., Vancouver where he played senior roles in sales, marketing, business development and operations in the Product Warranty and Insurance sector, optimizing financial performance for Signature Business Solutions and their vendor partners.

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Team Crelogix Rides for Mental Health Awareness

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Burnaby, BC, June 4, 2012: Team Crelogix will take part in the CMHA 4th Annual Community Bike Ride taking place Sunday, June 24th, 2012. Team Crelogix along with other riders will cycle through Vancouver and Burnaby to help raise awareness and funds for the programs and services of the Canadian Mental Health Association.

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Crelogix promotes Mike McKay to Vice President, Treasury and Corporate Secretary

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Mike McKayBurnaby, BC, May 29, 2012: Crelogix Credit Group Inc. announced today that Mike McKay has been appointed Vice President Treasury and Corporate Secretary, effective immediately.

Mister McKay becomes responsible for all aspects of the Treasury (i.e. funding risk management, securitization) and will provide strategic treasury support to the Group. Mister McKay began with the company in 1988 and was promoted to Vice President and Controller of Crelogix in 2005 overseeing all aspects of the accounting and financial reporting function for the company. He also oversaw information technology integration, facilities management, payroll, and treasury, legal and tax compliance. Mister McKay is succeeded in his position as Vice President and Controller by David Lynde.

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Crelogix names David Lynde as new Vice President, Accounting and Corporate Controller

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David LyndeBurnaby, BC, May 29, 2012: Crelogix announced today that David Lynde has been appointed as Vice President of Accounting and Controller of Crelogix Credit Group. Mr. Lynde is a seasoned senior financial executive with almost 30 years of experience across a wide variety of markets and business organizations including a term as European Finance Director for CIT (managed assets of $2b), Group Finance Director for The Royal Bank of Scotland Car Division ($1.6b turnover), Group Finance Director for The Dixon Motor Group and various senior positions at Lloyds Bowmaker Ltd.

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Crelogix Appoints John McCarthy and Alton Mick Regional Managers of its Home Improvement Division

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Burnaby, BC, April 18, 2012: Crelogix is proud to announce the appointment of John McCarthy and Alton Mick as Regional Managers (Home Improvement Division). These new appointments are effective immediately.

John McCarthy will assume the position of Regional Manager Central Canada – Home Improvement Finance. John joined Crelogix in November of 2009 and has contributed significantly to the growth of the Home Improvement Division. Alton Mick is named Western Regional Manager – Home Improvement Finance. Alton Joined Crelogix team in late 2011 and has over 30 years of experience in sales and sales management in various business to business industries. In their new roles, John and Alton have a mandate to recruit, select, hire, train, develop and mentor a sales team and increase Crelogix’s service levels across their respective divisions.

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Crelogix and its business partners raised $3,000 for the Boys and Girls Clubs of Canada

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BURNABY, BC: December 12, 2011: On Thursday, November 24, 2011 Crelogix held a charitable event at their new head office located in Burnaby, British Columbia. The elegant evening was attended by numerous business partners and guests, and featured a silent auction that rose close to $3,000. for the Boys and Girls Clubs of Canada.

“We were thrilled to have raised awareness and funds for such a worthwhile cause. The funds raised will help the Boys and Girls Club continue their great work, in providing children and youth with a fun, safe and supervised place to be in their neighborhoods. We would like to sincerely thank our donors and bidders for their generous contribution to this event,” said Darin Martin, Director of Marketing & Communications of Crelogix Credit Group.

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Crelogix and Monterey Financial Services form an alliance providing continent wide service for their customers.

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VANCOUVER, BC: October 3, 2011: Crelogix Acceptance and Monterey Financial Services announced an alliance today which will allow each firm to provide its domestic business clients with a North American indirect consumer financing solution, each partner in the Alliance gains access to the other partners domestic capabilities.

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