How a Finance Company used Analytics
to Improve their Underwriting Operations

 

The Challenge

Challenge

The finance company sought to find analytics software that met their technical requirements and would help them further develop their statistical underwriting capabilities as well as improve collection recoveries.

Solution

KnowledgeSEEKER™ and KnowledgeSTUDIO™ met the companies software needs and helped the company understand their target market and intends on also improving collections recovery.

Results

The company utilized Angoss software flexible and sophisticated modelling capabilities, improving their underwriting process and avoiding unnecessary staffing costs.

The Company

A finance company that provides financing to one of the largest direct sales distributorships in the world.

The Challenge

The company had established itself as a successful growing mid-market credit organization adding 150,000 new loans annually. They sought to:

  • Further develop their statistical underwriting abilities
  • Improve collection recoveries
  • Find an analytics software that met their needs – software that doesn’t require new or specialized staffing, lower IT demands, low cost, and caters to organizations of all sizes

Due to the company’s growth and increase in customer traffic, they understood the value of analytics and how it can help them implement better processes.

The Solution

The company decided on investing in KnowledgeSEEKER™ and KnowledgeSTUDIO™ as their means of market analysis.

  • They identified and understand key drivers and trends in their target market segments
  • Hope to develop scorecards to improve collections recovery and reduce collections expenses

The company was able to find a software that was cost effective and didn’t require new or specialized staffing.

The Result

KnowledgeSEEKER was used as their key tool to gain insights for more strategic decision-making. The company has seen some prominent results:

The company is very satisfied with KnowledgeSEEKER and KnowledgeSTUDIO, praising its “full range of flexible and sophisticated modeling and analysis features.”

“Angoss software has gone a long way towards addressing the analytic needs of our risk management operations, while providing tangible value and cost performance benefits.”

– Director Risk Management

 

About KnowledgeSEEKER™ and KnowledgeSTUDIO™

KnowledgeSEEKER™ and KnowledgeSTUDIO™ are part of the predictive analytics suite of products. They are advanced analytics software that provide data preparation, profiling, visualization, and advanced modeling. They deliver a robust set of capabilities for the development and deployment of data mining models for a wide range of applications and use cases. Users benefit from an intuitive, wizard-driven interface with Angoss patented Decision Trees and unique Strategy Trees at their core.

Unlock the valuable customer intelligence in your data. Speak to one of our product specialists now.

 

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