JustIQ Launches Intelligent Warehouse 2.0
JustIQ introduces version 2.0 of Intelligent Warehouse, a powerful data warehousing and business intelligence solution for student lenders.
San Diego, California (PRWEB) May 23, 2007 -- JustIQ, the leading provider of information technology solutions for student loan companies, released version 2.0 of its flagship product Intelligent Warehouse. The data warehousing and business intelligence solution helps student loan companies increase profits by identifying servicing errors and streamlining workflows.
Olin Hyde, VP of Sales and Marketing for JustIQ, explains that, "Servicer errors can cost lenders tremendous amounts of money. One client found that servicers had incorrectly awarded more than $600,000 of benefits to ineligible borrowers. The system paid for itself in less than six months. The only way to find these errors is to compare information from origination systems to the servicer transaction files. This typically involves comparing more than 100,000 transaction records per month that are in completely different formats from different servicers."
Intelligent Warehouse collects data at a granular level during every stage of the loan lifecycle from lead generation and loan application through originations, disbursements and servicing and stores this information in a relational database. The solution joins disparate data sources such as online loan applications, customer relationship management data, loan guarantee data, origination files, servicer data and more. Clients are able to quickly reconcile, analyze and report on any data source from any perspective and "drill" across, down and through any dimension. For example, executives can look at the loans in transit at a portfolio or indenture level and drill down to see which loans are not funded.
Business intelligence tools provide immediate and flexible access to the database. The system is packaged with more than 150 pre-defined reports built in MicroStrategy and will work with Cognos, Business Objects or any other major business intelligence tool.
Instant access to all information enables companies to process a higher number of loans without adding staff. This is a key benefit as margins continue to shrink, due to increasing competition and decreasing subsidies and guarantee rates. The system provides 'one-truth' across the organization. Intelligent Warehouse eliminates the guesswork from financial forecasting, strategic decision-making and new loan product development.
About JustIQ
JustIQ specializes in providing IT solutions to the student loan industry. We help companies control data collected at every stage of the loan lifecycle. Our tools facilitate precise analysis, accurate reporting and enterprise-wide sharing of all information associated with borrowers and loans. Solutions and services provided include application development, package integration and IT support. To learn more, please visit us at www.JustIQ.com
Press Contact:
Julie Pacheco
JustIQ
(858) 457-3200 x112
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