In this article, you will learn how to track all of your Wisetack loan offers inside of Workiz with the Consumer Financing report.
The Consumer Financing report is designed to provide you with an overview of all of the loan-related activity across your account, including loan statuses, total financing revenue, average loan size, and more.
This report gives you a clear picture of how consumer financing is impacting your business — helping you spot trends, track performance, and identify new opportunities to grow your revenue.
Understanding the Consumer Financing report
At the top of the Consumer Financing report, you will find a quick overview of your activity, including:
- Total financing revenue
- Loans available
- Total paid loans
- Average loan size
The table in this report defaults to an all-time view, but you can adjust the range selector to display data from a different time period (e.g., last 14 days, last 30 days, etc.). The loans will automatically be sorted by most recently updated.
Each entry will include the client's name, loan amount, last updated date, relevant service (e.g., invoice, estimate, job), job status, and loan status.
For a better understanding of Wisetack loan statuses, please see the following table:
| Loan status | Description |
|---|---|
| Confirmed | Your client has paid for the service using consumer financing |
| Pending confirmation | Your client has been approved for a loan, but has yet to mark the job as "done" to complete the payment. |
| Loan available | Your client is eligible for a loan but has yet to confirm |
| Action required | Your client has started but not yet completed the loan application process. They may need to provide a driver's license, debit card, or other additional information to continue. |
| Expired | The loan application has expired. Send a new application link to have your client apply. |
| Declined | Your client was not approved for a loan |
| Canceled | Your client has canceled the loan |
| Refunded | Your client has been refunded |
Quick-action tools
The Consumer Financing report also includes quick access to a few tools to help enhance your experience with offering loans through Wisetack:
- Payment calculator
This tool makes it easy to show your clients what their monthly payments could look like based on the service total. Simply enter the purchase amount, and Wisetack will generate estimated loan terms ranging from 3 to 24 months. - Click-to-text loan applications
With just a click, you can send your client a text message that contains a link for them to apply for a loan through Wisetack. This is a useful tool for reminding your clients about incomplete or expired loan applications.