Once a new model is deployed into a live operational process, it is essential best practice to continually monitor its performance and the performance of the operational strategies where it is in use. Models will progressively degrade post implementation and the triggers for fine-tuning or complete redevelopment will only become apparent through rigorous monitoring. Similarly, observing and anticipating changes in operational strategies, maybe a shift in the through-the-door population, is important. Shifts can occur in the applicant profile over time resulting in misalignment relative to the predictions made from the development sample. Macro-economic changes through the cycle will also impact scorecard performance, as will behavioural shifts in the customer base that emerge over time. These factors require active monitoring – monitoring is a cornerstone activity from which adjustments and change can be identified.
Focussing on monitoring requires an efficient and scalable approach to generating reports and it is Connected Analytics’ experience that more time is spent on report generation that interpreting the meaning. To significantly reduce the work involved in report production, we have developed the Connected Analytics Portfolio Reporting Platform (PRP), which automates the production of all of the scorecard monitoring and portfolio reports that a credit provider would want to see. It is intuitive and simple to use, flexible in design and cost-effective in operation. The resource savings from automating report production enables more time to be spent on interpreting results and fine-tuning the scorecards to optimise business performance.
This service is often provided as part of the following Solution Sets:
- Portfolio Management and Reporting
- Portfolio or Business Amalgamation
- Portfolio or Business Start Up
- Hardship Management
- IFRS9 Compliance
- Comprehensive Credit Reporting