The solution is developed on a platform which has flexible approach of data collection, for control over gathered data types and data content, enabling different business objects to collect data dynamically. This approach is used so the data in the solution can be easily adapted to client requirements, during implementation and afterwards in the post-implementation period, authorized users can manage data gathering.
DDC is implemented on all objects within the solution, on application level, on product level, collateral definition etc. and it’s a very flexible model for adapting data collection to the specific position on the process flow.
This DDC object provides end users with a toll for increasing the efficiency in daily operations, and from management perspective automation of business processes and reducing the subjective decision factor and eliminating possibilities for making errors.
The dynamic collection of data allows high independency of the solution from ASPEKT and some of the benefits that offer are the following:
- DDC on Credit Scoring Engine:
- Dynamic specification of gathered data per process flow
- Definition of dynamic parameters
- Specification of answer’s format (number, text or predefined choice list)
- Answer’s validations (mandatory fields, default values, list of values)
- Integration of calculation procedures on parameters
- DDC on Application Processing level:
- Dynamic approach to defining approval schemas
- Multi-user level approval based on predefined criteria
- Dynamic definition of status flow, based on organizational needs and corporate business process flows
- Report Export in various formats
- Dynamic specification of additional data in the system
- Simple integration with other systems, Credit Bureaus, etc.
- DDC on Product Definition
- Dynamic assignment of parameters directly on the Loan Product Definition
- Dynamic specification of calculations and formulas per Loan Product
Flexible Data ApproachGather only the data that your company needs, dynamically define data content and dictate the entire data approach in the solution, specifying mandatory fields, applying validation rules, and even add calculation procedures. With the ability to implement DDC on each business entity in the solution your everyday activities will be more effective and gathered data more valuable.
Increased Data ControlManage gathered content independently from the vendor and increase your corporate productivity by being able to implement new changes fast and on your own. With DDC implemented on all business objects, your employees are provided with a tool for self-increasing operational efficiency and from management perspective with a possibility for business process automation and elimination of the subjective decision factor.