Positioned company for growth

Company: 
Thirty-five person, ten-year-old company.

Situation / problem: 
Company had reached its maximum operating capacity. They anticipated growing 50% through acquisition. Computer system was over 10 years old. Credit underwriting took twice as long as the benchmark standard. Management wanted a credit scoring system to evaluate all financial transactions. The company needed to develop a credit scoring system.

Effort: 
Conduct a complete company review for the purpose of understanding workflow and discovering ways to streamline operations and production while developing a credit-scoring model. Management was committed to upgrading their entire computer system. This commitment allowed the creation of a comprehensive credit management system. The system tracked the credit underwriting process, imaged all documentation, credit scored all transactions and provided comprehensive management tracking reporting.

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