A Blueprint for Lenders Looking to Efficiently Implement a Pricing Analytics Solution
Most lenders involved in personal and auto finance today know that they need to move away from manual revisions of pricing tables, lengthy deployment cycles, and reliance on spreadsheets for the right price calculation. Balancing loan profitability and volume while keeping up with the competition, requires proper pricing analytical tools to support your strategy.
If you are considering a move to a modern, data-driven consumer lending pricing operation, you need to know where and how to start without getting overwhelmed.
This white paper will outline the most immediate steps and resources needed to implement an agile pricing analytics and optimization solution. We will show you how to identify opportunities for quick wins while keeping the long-term strategy in mind.
We will cover:
The importance of an agile approach to pricing analytics
Minimum requirements to get started
Five best practices to implement an agile pricing methodology