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Build Better Scorecards, Faster with New Angoss ScorecardBUILDER™
  • USA - English


News provided by

Angoss Software Corporation

Feb 27, 2014, 08:30 ET

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Toronto, Canada (PRWEB) February 27, 2014 -- Angoss Software Corporation (Angoss) today announced ScorecardBUILDER™, a robust, end-to-end, scorecard building product which enables credit risk analysts to build and deploy precise, industry-compliant scorecards faster by automating time-consuming, manual steps. Angoss ScorecardBUILDER product provides analysts with the ability to create high quality credit scorecards as a seamless step in their analytics workflows, from data profiling and segmentation through predictive modeling and scorecard building to strategy design and deployment.

Angoss recognized the need for robust scorecard technology to produce more precise scorecards in less time.

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The new Angoss ScorecardBUILDER product enables risk professionals to develop scorecards more efficiently with automated workflow. Its unique and powerful workflow for building, displaying, refreshing and reusing scorecard development workflows, coupled with a user friendly visual representation that enables the creation of a scorecard workflow in minutes, providing instant documentation and eliminating the need to write code.

ScorecardBUILDER enables efficient analysis of thousands of candidate predictors in credit data sets - for easy selection of the most predictive, influential variables. Visual exploration of variables with the Characteristic Analysis wizard, Angoss industry-leading Decision Trees, and various charts and tables, allows users to see and understand relationships and behaviours - quickly providing accurate assessments to support variable reduction. Multiple Measures of Predictive Power allow users to effortlessly sift through variables and in a matter of minutes select the most predictive variables to use in scorecard development.

With four reject inference methods, Angoss ScorecardBUILDER produces the most accurate and realistic performance of credit scoring models to predict the behavior of the total population. Ultimately, this enables lending and credit organizations to maximize their business growth by optimizing the risks and rewards for individual lending decisions.

Angoss ScorecardBUILDER’s flexible and intelligent Weight of Evidence Optimizer (WOE) reduces time spent on manual coarse classing and binning by up to 50%. Automating the coarse classing process speeds up the time-consuming task of optimizing predictive variable bins improving stability and accuracy of the scorecard. The flexible WOE Optimizer allows users to optimize all variables automatically with the click of a button, or by selecting individual variables of choice. The user-friendly interface displays a side by side view of a visual Decision Tree Editor, variable mapping table and line chart.

Seamless development and deployment of customer strategies is quick and easy from within ScorecardBUILDER with Angoss Strategy Trees (patent pending) - an intuitive, visual and collaborative approach for building and deploying predictive strategies. Users are provided with the ability to combine scorecards with user-defined business rules and key performance indicators in order to produce highly targeted lists to which treatments such as credit limit, collections and marketing campaign activities can be applied. Predictive strategies resulting from the combination of scorecard models and business rules yield significant user and organizational benefits at each stage of the credit lifecycle process.

“With our latest scorecard product,” said Martin Galligan, President and CEO of Angoss, “Angoss is addressing the demand for efficient, best-in-class credit scorecard technology to build, evaluate and deploy risk strategies. Angoss recognized the need for a robust scorecard technology that can be utilized by a greater number of analysts to produce more precise industry compliant scorecards in less time. We are excited to bring this best-in-class product to market in order to help customers with all their scorecard needs.”

ScorecardBUILDER - Feature Highlights:
•Automated drag and drop workflow creation and reusability
•Data Preparation, profiling, and transformation
•Visual exploration of variables with Characteristic Analysis, charts and tables, Angoss Decision Trees
•Angoss industry-leading patented Decision Trees
•Precise assessment of variables with various Measures of Predictive Power
•Automatic optimization of (multiple) bins with Weight of Evidence Optimizer
•Reject Inference methods for best performance of application scorecards (Proportional Assignment, Hard Cutoff, Parceling, Fuzzy Augmentation)
•Scorecard model performance evaluation and comparison
•Credit strategy development and deployment with Strategy Trees
•SAS code generation for entire workflow or any segment, one-click export to Microsoft Excel
•Deploy via scoring, code generation, easy integration with other platforms, real-time scoring

Additional Resources
•Video: Angoss ScorecardBUILDER Quick Tour
•Brochure: Angoss ScorecardBUILDER

About Angoss Software Corporation
Angoss is a global leader in delivering predictive analytics to businesses looking to improve performance across risk, marketing and sales. With a suite of desktop, client-server and big data analytics software products and cloud solutions, Angoss delivers powerful approaches to turn information into actionable business decisions and competitive advantage. Angoss software products and solutions are user-friendly and agile, making predictive analytics accessible and easy to use. Many of the world’s leading financial services, insurance, retail, health care and information communication and technology organizations use Angoss predictive analytics software products and solutions to grow revenue, increase sales productivity and improve marketing effectiveness while reducing risk and cost. Headquartered in Toronto, Canada, Angoss also has an office in the United Kingdom. For more information, visit http://www.angoss.com.

Angoss Marketing, Angoss Software Corporation, http://www.angoss.com, +1 416-593-1122 Ext: 2414, [email protected]

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