About Purchasing Power
Founded in 2001, Purchasing Power offers what has become one of the country's premier purchase programs for employees. The Atlanta-based company has been tapped for the "fastest-growing" list by several leading business publications, including Entrepreneur and Inc. magazines. To date, Purchasing Power has serviced more than 400,000 orders from employees of leading companies and organizations across the U.S., from Fortune 500 to government agencies.
Utilizing payroll deduction, Purchasing Power gives employees the best way to buy name brand products like computers, home appliances and electronics through payroll deduction, when they'd prefer not to use cash or credit. Participants make manageable payments over just 12 months, with no ballooning interest or hidden fees. And unlike layaway, they can receive their merchandise just a few weeks after the program begins.
Employers have found that the Purchasing Power program helps their benefits package stay competitive and creates goodwill with employees. For brokers, the turnkey program has proven to be an effective way to build relationships with new and prospective clients.
Quick Facts
Established in 2001
In 2009, reached a milestone of $300 million since inception
Set an industry leading reorder rate of greater than 50%
Licensed in all 50 states as a reseller of personal computers consumer electronics, and home appliances
Ranked 1,490 on the Inc. 5000 list of the fastest-growing private companies in America in 2010, 2,072 in 2009 and 3,085 in 2008
Purchasing Power encourages financial literacy by supporting Junior Achievement
CEO D. Keith Calhoun
President Richard Carrano