1. / Automation of a Leading Financial Services Provider’s Credit Application Submission Process across Platforms
Overview

A leading financial services company needs Consolidation of Credit Application Submission Process by automating processes a credit application credit investigation, credit analysis and the credit decision with documentation and reporting across their website, external systems and their-party consumer websites and vendors.

Problem

Aside from the challenges associated Automation of the whole process, Apexon specialists discovered that:

  • Client needed a credit application credit investigation, credit analysis and the credit decision with documentation and reporting.
  • The new system needed to get Integrated with the existing MBFS websites.
  • We needed to interface with external systems (like Route#1, DSP (DLR Track) and third-party consumer websites) and vendors in order to complete and decision credit applications.
Solution

We implemented the following solution to meet the customer’s requirement of Consolidation of Credit Application Submission Process.

  • Seamless Integration of Dealer Track into Automated credit evaluation and approval system
  • Consolidation of Credit Application submission process (MBAdvantage, B2C, B2B,) and decision status into single channel communication with Host system
  • Integration of commercial account, OFAC, critical Account lookup/review process and MBUSA Enterprise Pricing for all Mercedes Benz Cars with options.
  • Ab Initio, Cognos 10/8.4/7.3 Bi Suite, DB2, Unix, Linux, AIX, and Teradata were used to develop the solution.
Impact

At the close of the project, Apexon was able to deliver the following features and upgrades:

  • Improvements to ACE Core functions, system interfaces, decision engine interface, and so on.
  • Enhanced the seamless availability of crucial information such as Broker Information, Personal references, Repo & BK Indicators
  • Real-time Contract status update changes to dealer interface systems across locations.
  • Vehicle ownership is transferred more quickly and smoothly across dealers, third-party consumer websites, and vendors.

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Automation of a Leading Financial Services Provider’s Credit Application Submission Process across Platforms

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Automation of a Seamless Integration of Dealer Track for Credit Application Submission Process Consolidation for a Leading Financial Services Provider

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