Gemini adds new early warning system to reduce lending risk
HPD Software has announced the launch of Gemini 2.0, their automated customer account data gathering and analysis solution, which now includes a new early warning system for lending risks.
For many finance providers, identifying, predicting and reacting quickly to risks or breaches is a continuous challenge. This is particularly time consuming where large quantities of client data need to be rapidly analysed and understood. To address these demands, HPD Software has implemented a major update to Gemini.
Gemini now provides the ideal solution for reacting faster to lending risk, with instant ‘twelve month’ trend analysis over multiple data categories and continuous monitoring of every client against risk and breach limits.
Dramatically clearer, easy to use, graphical displays make it much easier to monitor and react to daily changes to each client’s accounts receivable position. Early warnings are delivered both on-screen and by e-mail notification. New display panels show historic ledger data, with simplified summaries of sales and purchase ledger totals, disapprovals and cash totals at both client and portfolio levels.
Glen Powell, product director for Gemini at HPD Software said:
“Gemini 2.0 provides our clients with an instant assessment of risk levels with new ‘easy to understand’ graphics. Breach alert functionality based on multiple category limits, delivers improved risk monitoring. New, simple graphical displays visually identify priority risks for the client manager, enabling better business controls and greater client understanding. In a fast moving world with huge amounts of client information to interpret, Gemini 2.0 provides the ideal solution for finance providers to manage this data and deliver a first class service to their clients.”