Dealer Services Corporation Decreases Risk With Predictive Analytics From Information Builders
Information Builders, the independent leader in operationalbusiness intelligence ( BI) systems, today announced that Dealer Services Corporation (DSC), a national inventory financing company for independent automobile dealers, is usingWebFOCUS RStat predictive analytics to make better loan decisions.
As America's largest independent inventory finance provider for used automobiles and other diversified products sold by independent and franchise dealers, it's extremely important for DSC to monitor dealer transactions and payment patterns - mostly to avoid overextending credit. DSC needed a solution to forecast each dealer's future financing needs and ability to pay off loans based on past behavior.
"One of the biggest benefits of implementing WebFOCUS RStat was that DSC saw the automotive downturn coming well in advance, giving managers time to adjust financial reserves, tighten lending standards, and scrutinize each dealer's inventory - minimizing risk both to our company and our customers," said Chris Brady, CIO, Dealer Services. "DSC is more profitable today because we knew how much revenue we expected to generate. Now, if DSC sees factors that will cause trouble in six months, we can take action immediately."...