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Scorecard Performance Monitoring
As any organisation that utilises credit scoring solutions is aware, a key
component of the ongoing success of that credit scoring solution is close monitoring
to ensure optimal performance. Some organisations develop the in-house skills
to perform such scorecard monitoring.
A cost effective alternative for organisations is to outsource monitoring
of credit scorecards to DecTech. On a six-monthly to annual basis, DecTech can
provide organisations with a scorecard validation exercise, which typically consists
of:
- Analysis of all scorecard characteristics;
- Score distribution analysis;
- Cut-off analysis;
- Identification of any problem areas;
- A full report on the performance of the scorecard.
The above validation exercise ensures any scorecard performance problem areas
are identified early, so that corrective action or scorecard redevelopment can
be undertaken. The validation also provides the organisation with the management
information required to make informed decisions about the acquisition and/or
customer management strategies that are based on the scorecard’s performance.
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