Multi-bureau - Consultancy
Reduce bad debt by up to 40% compared to a single bureau strategy
At Jaywing, we have over six years of experience of developing multi-bureau models, and have implemented multi-bureau scorecards for some of the leading names in the industry. Working with data from each of the credit reference agencies, we’ve had significant success in ensuring that additional bureau calls add value to the overall credit decision.
Our independence from any bureau or software supplier means that we can give you truly independent advice. Our approach is to work with your existing systems and data connections, adding in additional searches only where the analytics indicate significant benefits, making sure that the choice of bureau is right in each circumstance. This leads to multi-bureau models that squeeze the value out of the additional data you’re paying for. We ensure that any additional search costs are significantly outweighed by improved credit decisions, and help you unearth the swap sets that are the key to keeping risk losses in check. We can demonstrate that taking additional bureau data pays significant dividends; handled the right way, the addition of a second or even third bureau call in selected circumstances will reap rewards.
The results of our analysis demonstrate that for some portfolio types, bad debt can be reduced by 15 - 40%, compared to any single-bureau strategy.
Multi-bureau done the right way
By carefully maintaining the individual bureau records while exploiting the differences between them, we believe we do multi-bureau the right way. It’s not simply about adding another search or switching suppliers: the best approach looks beyond the single-bureau methodology to build bespoke scorecards for all available data. Our analytics work dynamically to understand the shifts and nuances from one agency record to the next, and to find those pockets of value that might otherwise get lost among the blur of competing data records. While your existing scorecards may be a starting point, we can work with you to evolve your existing scoring and work towards a true multi-bureau approach. Put simply, our models work best because we don’t compromise the data. And our detailed understanding of credit reference and other important data puts us in an unrivalled position to advise you on the best sources to use in each case.
Talk to Jaywing
Through our consultancy services, we can work with you to build and deliver an optimised multi-bureau approach, built around your business priorities, and respecting your requirements. We can host it for you through our Smartdecisions platform, or we can help you to deploy your solution directly onto your own systems. It’s multi-bureau done the right way, doing smart things with data.
For more information about how Jaywing's consultants can advise on your multi-bureau project please contact us at smartdecisions@weare2020.com