How the system works
The system has a value enabling kernel, surrounded by a number of value creation modules. The kernel is called Insight. It keeps track of all data points related to each customer, and each credit. Examples of variables include payment history, type of credit, payment terms, each payment amount and each credit case activity (dunning, amicable debt collection activities, legal activities e t c), customer address, gender, age, income, employment, family situation, client revenue (how important is the customer). In summary, the kernel holds the data points necessary to optimize the management of each credit case. The system improves the client’s ability to be a solid owner of credit portfolios.
The requirements for control, follow up, compliance, cash flow projections and risk assessments are growing and are already extensive for financial institutions.