As your business moves toward a more digital future, it is likely that you have successfully transitioned to cloud-based applications, automated manual tasks, and optimized data storage for easy access. However, your credit approval process might still be using outdated legacy software or even manual paper-based policies kept in binders, which can hinder your progress toward becoming a fully digital enterprise. Not to mention the multitude of human errors associated with manual processes. Now is the time to modernize your credit approval process to keep up with the rest of your digital transformation efforts and ensure efficiency, accuracy, and security.
In a landscape where speed, accuracy, and reliability are paramount, DataCision emerges as a game-changing solution.
DataCision transcends the limitations of traditional approaches, offering unparalleled scalability and adaptability. Whether you’re navigating volatile market conditions or expanding your wholesale portfolio, it evolves seamlessly to meet your business’s ever-changing needs.
Secured Document Upload
Lenders may request documents from customers to assist with the credit review process, whether for onboarding, annual reviews, or interim check-ins. Dealers can securely upload the requested documents to a designated website. Once uploaded, these documents will be reviewed to verify their accuracy. This secure method eliminates the need to use unsecured channels, such as email, to obtain critical information for underwriting.
Understanding The Megadealer
When making a credit recommendation, it’s advantageous to examine any related customers. This context can significantly influence your decision, so reviewing them together is beneficial. DataCision facilitates easy viewing of all relationships linked to your customer. This information is crucial, especially if a previous credit decision, now mostly forgotten, could affect the current evaluation.
Customization
DataCision provides a range of customizable features, including workflow statuses, financial analysis, and a product library to manage every aspect of your business.
Running Scenarios
DataCision allows you to easily run different scenarios by modifying multiple data fields and observing how different conditions might affect your customer’s or prospect’s credit decision. These capabilities also simplify the process of tailoring information to meet the approver’s requirements. DataCision has all the tools you need to make timely, well-informed decisions.
Integration:
Enjoy immediate integration with other DataScan solutions. Wholesale Intelligence and Audit Intelligence work seamlessly with DataCision, giving you unprecedented visibility into your dealer’s inventory risk management, credit underwriting, and other financial health aspects.
In essence, DataCision is more than just a solution; it’s a catalyst for transformation. By leveraging its capabilities, you’re not only modernizing your operations but also future-proofing your business.
Positioned at the forefront of a digital revolution within the industry, DataScan empowers businesses to confidently embrace digitalization. Regardless of the complexity or efficiency of your current processes, adopting DataCision promises a multitude of compelling advantages.
Contact DataScan to discover more about the transformative potential of transitioning to DataCision.
About DataScan
Headquartered in Alpharetta, Georgia, DataScan stands at the forefront of delivering cutting-edge wholesale asset financing and inventory risk management solutions since its founding in 1989. Our commitment lies in empowering lenders to efficiently oversee their operations and manage risk through our technologies, knowledge, and expertise. With our connected commercial ecosystem, we continue to evolve the dealer commercial lending industry.
For more information about DataScan, please contact us at contact@onedatascan.com or visit us at www.onedatascan.com.