Friday, January 30, 2015
HPI launches new risk evaluation tool
Motoring technology company HPI has launched a new data tool called React.
The tool allows finance companies, including captive finance houses, to track assets and monitor changes in interest.
According to HPI, React was designed to enable finance houses to manage notifications in a timely manner, and to minimise clearance calls and mitigate any risk of data not being recorded accurately.
Included within React are data quality reports, multiple report alerts, risk ratings and notifications of exported or scrapped assets.
HPI gave six customer finance houses the opportunity to use React free of charge for a trial period, in order to pilot its capabilities.
Although it is currently just for finance houses, HPI said it plans to open up a modified version for use by auction houses and dealer networks in the near future.
Neil Hodson, managing director of HPI said: "We understand the challenges facing finance houses and React helps them tackle those challenges head on."
DATED: 30.01.15
FEED: MF
The tool allows finance companies, including captive finance houses, to track assets and monitor changes in interest.
According to HPI, React was designed to enable finance houses to manage notifications in a timely manner, and to minimise clearance calls and mitigate any risk of data not being recorded accurately.
Included within React are data quality reports, multiple report alerts, risk ratings and notifications of exported or scrapped assets.
HPI gave six customer finance houses the opportunity to use React free of charge for a trial period, in order to pilot its capabilities.
Although it is currently just for finance houses, HPI said it plans to open up a modified version for use by auction houses and dealer networks in the near future.
Neil Hodson, managing director of HPI said: "We understand the challenges facing finance houses and React helps them tackle those challenges head on."
DATED: 30.01.15
FEED: MF
