Veda Automated Decisioning Solutions
Veda Decisioning Consulting Service
Making decisions quickly and accurately is essential in providing good customer experience as well as growing your business and reducing risk. Automated decisioning gives you the ability to increase new business while maintaining credit risk and underwriting standards. It also puts you in control of your credit process and can empower staff giving you the flexibility to grow faster.
Veda's automated decisioning solutions have applications for both consumer and commercial credit risk both in managing applications at point of sale and account management services.
Our automated decisioning solutions provide user control over all lending policies, underwriting standards and product rules. Your credit lending policies can be applied to each credit application and powerful risk scorecards and analytics can be incorporated to fine tune your approval criteria. Credit decisions are objective and give you a holistic view of an applicant through our comprehensive bureau data.
Through implementing an automated decisioning solution you can improve productivity whilst lowering the labour cost per transaction. Bad debt and delinquency rates can be reduced for lenders along with daily sales outstanding (DSO) for commercial trade applications.
Through Veda's decisioning solutions you also gain access to a range of electronic verification and fraud services reducing risk in decision making. At the back end electronic data storage helps with enhanced reporting and flexibility.