How do you price your auto loans today?
Are you using manual revisions of pricing tables? Struggling with lengthy deployment cycles? Relying on your IT team every time you need to make a change? If any of this sounds familiar, you are in need of a pricing operation revamp.
Auto lenders around the world face unprecedented pressure to develop innovative products that align with changing customer expectations, can handle market volatility and quickly respond to competitive shifts.
Meeting the accelerating pace of change necessitates new analytical infrastructure. Legacy technologies constructed of numerous systems that don't "talk" to each other, are not up to the task. Lenders must react quickly to adopt an innovative pricing solution that ensures fast, personalized pricing tailored to customer needs.
What Is Your Challenge?
Earnix equips you with insights into what an agile pricing engine can do for you, key features and functionalities to look for, and how you can best leverage these to solve your challenges, no matter how complex they are.
A 65% reduction in unprofitable loans and a 10-15bp lift in profitability
Falling Loan Volume?
Loan bookings are up by 9% within the 1st year. Increase in all-in revenue by 17% over 2 years.
Slow Pricing Updates?
Replaced quarterly manual price updates with automated 2-3 times a week deployments.
Using integrated systems, introduced personalization to differentiate rate cards. Achieved a 29 bps uplift
A single platform for price modeling, simulating, and deploying, so you can react quickly to changing market conditions and bring new products to market faster. The platform maintains a single source of truth for pricing calls by dealers and contract validation systems.
Earnix is a global provider of real-time, AI-driven dynamic pricing, product personalization, and digital decisioning solutions for financial services industry including consumer lending, auto finance, mortgages, and more. Our agile pricing engine makes personalized offers a reality, shortening time to value and closing the business before competition can react.