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Solutions > Smaller Businesses |
Smaller Businesses
How Scorto™ Can Help Smaller Businesses
Today, many smaller companies from a range of industries that would otherwise undoubtedly make credit scoring of the main tools in managing their business processes have to relinquish the idea because of good scoring tools being unaffordable to them. For example, a company with an annual turnover of less than USD 50 million is highly unlikely to be able to afford a model builder for five hundred thousand dollars. Smaller credit bureaus, car loan companies, jewelry retailers, and other enterprises have to resort to either purchasing off-the-shelf credit scores or building their business schemes in such a way that credit scoring is harmfully excluded from their business processes. Abiding by its mission, Scorto™ gives these businesses equal opportunities with the world's leading companies.
Smaller businesses can reap the following benefits from their cooperation with Scorto™:
- Establish a cost-effective scoring process of their own by avoiding using purchased and, therefore, averaged and less efficient off-the-shelf scores.
- Increase the efficiency of their lending processes for the minimum possible investment.
- Employ scoring analytics (scoring models), developed specifically for their customer base and market segment by some of the industry's best professionals. This is possible both for those businesses that purchase Scorto™ software and for those firms that would simply like to avoid using averaged credit scores.
For example, smaller companies with budgetary constraints can buy only the Credit Decision software that will freely integrate with their existing front-office solution. Along with the support provided by our analysts, this approach will allow these businesses to create sufficiently complex and narrowly customized scoring models.
- As part of its product offering, Scorto™ offers a simplified version of the Scorto™ Credit Scoring Solution that consists of Scorto™ Quest Logic decision server, Scorto™ Patron server management console, and the Scorto™ Credit Decision scoring model development and loan portfolio analysis software. For those lenders that select to order their scoring models from Scorto™ or some third-party vendor, this configuration can be further reduced to include only the former two modules.
The use of Scorto™ Patron management console reduces the cost of the delivered Solution dramatically, while providing small lenders with sufficient functionality for the implementation of a robust credit scoring process.
The Packaged Configuration of the Scorto™ Solution will allow you to:
- create scoring models using the most advanced methods;
- process credit requests;
- monitor data traffic across Scorto™ Quest Logic decision server;
- manage scoring models and credit products;
- define decision-making and scoring result interpretation strategies.
The Packaged Configuration of the Scorto™ Solution is ideal for micro finance organizations and retailers.
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