COSTA MESA, CA – Experian®, a global information solutions company, today announced the launch of DecisionOne™, a new Web-based credit decisioning and account management tool for medium to large businesses, empowered via a partnership with LiveCapital®, a leader in credit management software. The new solution improves credit department productivity and risk management by combining the power of Experian’s comprehensive business credit database and customizable decisioning and account management capabilities, with LiveCapital’s cutting-edge technology.
“Credit professionals want more time to focus on high-priority activities and better visibility into emerging problems,” said Mark Zablan, president of Experian’s Business Information Solutions. “DecisionOne solves these issues and revolutionizes the way companies manage business credit by enabling the process to be entirely paperless.”
DecisionOne helps clients increase revenue and reduce costs with respect to both new customers and existing accounts. For new customers, the product automates and streamlines the decision process. Decisions can be made instantly based on client-defined rules. In addition, for decisions that require manual intervention, the product allows users to manage their workflow processes electronically. For existing accounts, DecisionOne provides a rules-based mechanism for proactively alerting the credit department to changes in customer credit quality. As a result, credit professionals can better identify issues before they turn into problems.
“Credit management software has historically been difficult to implement, hard to use or expensive,” said Mike Grossman, CEO of LiveCapital. “DecisionOne fundamentally re-defines credit management software by combining unique functionality with a distinctive approach to product delivery and pricing.”
DecisionOne offers the following benefits:
- Improved Efficiency — DecisionOne automates the decision making process based on specific and customized credit policies resulting in faster, more consistent and more objective decisions.
- Increased Sales — By enabling clients to more effectively manage their receivables, DecisionOne helps improve customer service, identify new revenue opportunities and accelerate collections.
- Reduced Risk — DecisionOne helps credit professionals better manage risk by enabling them to apply systematic rules in evaluating new customers and existing accounts.
- Reduced Cost and Conserved Resources — As an on-demand, Web-based service, DecisionOne requires minimal IT effort with no additional hardware or software to be installed. It is also easy for credit professionals to customize through a simple step-by-step set-up process. Additionally, DecisionOne enables the credit process to be entirely paperless, as all processes are completed online — eliminating unnecessary manual tasks.
DecisionOne also utilizes Experian’s comprehensive credit and demographic databases, Commercial and Small Business Intelliscore models, as well as other third-party sources for business and credit information.
For more information about DecisionOne, visit www.experian.com/products/decision_one.html or call an Experian sales representative at 800-509-5604.
About Experian
Experian® is a global leader in providing information solutions to organizations and consumers. It helps organizations find, develop and manage profitable customer relationships by providing information, decision-making solutions and processing services. It empowers consumers to understand, manage and protect their personal information and assets. Experian works with more than 40,000 clients across diverse industries, including financial services, telecommunications, health care, insurance, retail and catalog, automotive, manufacturing, leisure, utilities, property, e-commerce and government. Experian is a subsidiary of GUS plc and has headquarters in Nottingham, UK, and Costa Mesa, Calif. Its 13,000 people support clients in more than 60 countries. Annual sales exceed $2.3 billion. For more information, visit the company’s Web site at www.experian.com.
About LiveCapital
LiveCapital® is a leader in credit management software. The company’s technology solutions enable enterprises to make smarter and faster decisions, improve productivity and better predict and manage risk. The result: lower bad debt, reduced operating costs and improved DSO. LiveCapital’s software is used by many leading companies, including Siebel Systems, Siemens and Waste Management. For more information, please visit www.livecapital.com.
