Overview
DecisionPoint is a fully automated, data-driven decisioning engine available in a variety of formats from simple data retrieval, manipulation and assimilation through to end-to-end application processing. It automatically accesses and leverages all credit bureau value-added services including FraudCheck, RealtyCheck, REVs and VeriCheck.
The information provided will give greater certainty in your risk management processes, allowing reduced costs and quicker credit processing.
How DecisionPoint can assist your business:
- Lower bad debts via a more consistent application of lending rules and credit scoring
- Employ a faster, more efficient application process
- Increase management control of your decisioning process
- Lower processing costs via a fully automated system
- Improve portfolio quality through effective deployment of credit scoring
- Save resource by implementing decisioning for multiple product portfolios with the one decision engine.
The standard front-end DecisionPoint module solution includes the following features:
- Customer data collection and validation
- Application save and submit
- Credit Bureau data collection
- Application decisioning (including credit scoring)
- Routing of applications to queues
- Application referral review
- Basic reporting.
The DecisionPoint system can be developed from entry-level complexity models to template and personalised versions for individual portfolios designed especially to consider different industry requirements.
Extensive industry experience has enabled Veda Advantage to develop a series of DecisionPoint templates for different paths, for example:
- Term Credit
- Revolving Credit
- Mortgage
- Motor
- Utilities
- Telecommunications
- Commercial
- Small Business
- Insurance.
Importantly, the DecisionPoint system has the in-built flexibility to allow for changes in market conditions. This is achieved with the unique Builder tool, which enables businesses to modify their parameters simply and cost-effectively.
DecisionPoint is a fully scalable model, which incorporates the needs of a growing business as the volume or number of products decisioned increases, without incurring significant costs.
The three-tier DecisionPoint architecture can be easily and quickly personalised and facilitates simple connection to multiple distribution channels and existing host systems, such as billing systems, CRM and Customer Information Files.
DecisionPoint is also available as an outsourced managed solution through our Managed Services suite of products and is ideally suited to web-based solutions.
|