Experian recently launched DecisionIQ Premier, the new decisioning and application processing component of its web-based credit management platform, BusinessIQ

DecisionIQ Premier helps organizations reduce costs and improve operational efficiencies by allowing users to automate the decisioning process and create custom credit policies. Combining these custom rules with Experian’s business data, enables organizations to create relevant decisions and credit-limit recommendations for small, medium and large businesses.

“Experian research has shown that a pain point for the commercial credit industry has been finding a way to streamline the credit application and decisioning process,” said Allen Anderson, president, Experian’s Business Information Services. “We created DecisionIQ Premier to help clients solve these issues by automating this process, and by providing them with more control over the attributes that are most important to their credit decisioning needs.”

With DecisionIQ Premier, users can configure an application form and set a custom, rules-based policy that automates how an application is handled. This provides an organization with more control over the credit attributes used to determine their own specific credit policy, and helps save time and resources by reducing the number of manual application reviews performed by their credit teams. DecisionIQ Premier also allows organizations to create an application in real time and deploy it to their website.

When prospective customers access the online application portion of DecisionIQ Premier, the data is then transmitted to BusinessIQ through a seamless process for decisioning. This process through BusinessIQ allows organizations to review and customize their credit policy decision and adjust credit limit settings—all with the click of a button.

DecisionIQ Premier also helps organizations manage incoming applications. By creating workflow queues, DecisionIQ Premier helps credit analysts prioritize applications, review company financials and check bank reference information more efficiently.

 

For more information:

http://press.experian.com/en/united-states/PressRelease/2011/Experian-launches-new-decisioning-and-application-management-system-for-BusinessIQ.aspx