Key highlights
100%
elimination of documentation errors
100%
elimination of calculation errors
Improved decision-making using dashboards
Challenges
The vehicle asset finance platform faced multiple constraints, including manual and complex floor plan processes, limited KPI tracking, and a need to migrate to an enterprise-level tool.
Solution
1.
Automated manual floorplan processes with dedicated platforms for in-house staff and dealers.
2.
Developed a digital KPI dashboard to track portfolio movements, collections, recovery ratios, cure ratios, and portfolio volumes.
Impact
1.
100% elimination of documentation and calculation errors, driving efficiency gains
2.
Enhanced decision-making through a digital management dashboard
3.
Boosted collections and recovery with preventive strategies in early-stage collections