The Motor Finance Corporation, one of SA`s most dynamic vehicle finance companies, has selected PIC Solutions to develop scorecards to predict the probability of accepted applicants booking the deal. This is the first scorecard of its kind to be developed in Africa.
The Motor Finance Corporation is a sophisticated niche vehicle finance company that has been using advanced risk management technology, credit bureau products and predictive models for a number of years.
In this analytical project, members of the PIC Solutions Predictive Modelling team will develop new custom scorecards and work closely with The Motor Finance Corporation risk management department to ensure that the new models will generate improved results and decision-making.
Christo Otto, Executive Director, Credit and Risk at The Motor Finance Corporation, states: "The application process is an important aspect of our organisation and this scorecard will ensure effective monitoring, evaluation and retention of new and potential clients. By implementing new credit policies and procedures, we can improve our customer service and maintain our competitive edge in a challenging environment."
Eva Neves, Senior Consultant at PIC Solutions, adds: "We are delighted that The Motor Finance Corporation has selected us to develop the booked model for their portfolio. The scorecard aims at providing another dimension when selecting the type of applicants that the organisation should focus on, thereby optimising the overall process and targeting customers more effectively."
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PIC Solutions provides customer management solutions to a wide range of blue-chip organisations. We are experts in the fields of credit, risk and marketing and have an established track record of success powered by solutions.
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