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Press Release

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Presse & Nyheter

 

Prestige Financial revitalizes credit scorecard process with SAS®

Organization reaps time savings with new scoring system

CARY, NC  (14. Nov. 2011)  – To save time and improve accuracy, Prestige Financial Services Inc., a premier provider of consumer financing solutions for automobile dealerships, selected SAS, the leader in business analytics software and services, to revamp its internal credit scorecard program. 

"Our biggest challenge was the excessive amount of time spent associated with our manual internal credit scorecard creation," said Steven Warnick, Prestige's Vice President of Risk. "And we of course are always looking for ways to improve both the predictiveness of our modeling as well as the accuracy of our reporting." 

With SAS® Enterprise Miner TM, Prestige has enhanced the data mining process to create highly accurate predictive and descriptive models based on large volumes of data from across the enterprise. Paired with SAS Analytics Pro, Prestige can better access, manipulate, analyze and present information including accessing the data from virtually any source. 

“We anticipate a 210-hour time savings with each update of our credit scorecard. We also expect to roll out  behavioral scorecards in 2012,” said Warnick. “Combined, we expect the total time savings to equate to roughly $25,000 annually, and predict a reduction in delinquency and default rates. With SAS, we have the confidence and precise analytics to test lines of business previously not considered.” 

About Prestige Financial Services Inc.

Prestige is a premier provider of consumer financing solutions for automobile dealerships in 25 states. Founded in 1994 as an affiliate of The Larry H. Miller Group of Companies – the nation's 10th-largest auto retailer – Prestige employs best-in-class professionals to service a wide range of borrower types, and is recognized throughout the industry for its innovative lending programs.

Om SAS Institute

SAS Institute er verdens største privateide IT-selskap med over 11 000 ansatte og 50 000 kunder i 126 land, og er ledende leverandør av Business Intelligence og Analytics løsninger. Siden 1976 har selskapet gitt kundene muligheten til å ta riktigere beslutninger raskere. Avanserte statistikk- og analysemetoder i brukervennlige applikasjoner hjelper virksomhetene med å avdekke nye sammenhenger og se nye forretningsmessige muligheter. SAS Institute er den eneste leverandøren som fullt og helt integrerer datavarehus, analyse og løsninger for Business Analytics, slik at du får ny og overordnet kunnskap ut av din virksomhets data.

SAS hjelper sine kunder innenfor en rekke områder, som blant annet virksomhetsstyring, risk management, markedsføring og logistikkhåndtering. Eksempler på norske kunder er Telenor, Posten, If Skadeforsikring, Sparebanken Vest, Kverneland, ConocoPhillips, Statistisk Sentralbyrå og Hjemmet Mortensen. Se også www.sas.com/norway og www.sas.com.

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  • SAS Institute AS

    Parkveien 55, Pb 2666 Solli, 0203 Oslo
    Tlf: +47 23 08 30 50
    Fax: +47 23 08 30 49
    E-post:info@nor.sas.com