Client story

Streamlining credit decisions

For our client, credit decisions were taking too long. Staff worked from a printed list, and had to consult three or four difference screens for each decision.

How we helped

We worked with the client to investigate what information would speed up decision-making.

We streamlined the process, so that each case was presented to the decision-maker, so that they didn't hunt around for the information. We prepared statistics based on the clients own data and integrated with data from a Credit Reference Agency.

We then automated the system to make easy "Yes" decision automatically—based on more than 40 different measures.

The system is powered by a Kofax TotalAgility® business process management system and includes a COBOL interface in to an IBM® iSeries® (AS/400) server, as well as a practical web-based user-interface.

Kofax TotalAgility
Kofax TotalAgility
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certificate

The results

The system automatically approves 41% of decisions, leaving skilled team members to concentrate on the more difficult cases.

Because the team don't have to jump between screens and search for information decisions are quicker.

The backlog of cases waiting for decisions has been eliminated.

Zero

backlog of cases

41%

reduction in workload

Service spotlight

Process Improvement

Improve the performance of your business—and get more time at home—by redesigning the way that you work, using smart computer systems and stress-free automated processes.

Find out what is holding you back.

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Disclaimer

References to other companies and their products use trademarks owned by the respective companies and are for reference purposes only.

Kofax and Kofax TotalAgility are trademarks or registered trademarks of Kofax Limited in the United States and other countries.