Siemens Financial Services claims to
have cut credit approval times by almost three-quarters, thanks to
a project launched last summer. Average customer credit approval
times have dropped by 72 per cent to one hour and 40 minutes, while
autoacceptance rates have increased by 40 per cent, the company
said. SFS last year launched project ‘Transact’ aimed at reducing
average credit approval times to less than two hours, and improving
auto-acceptance rates from 2 per cent to above 35 per cent.
have cut credit approval times by almost three-quarters, thanks to
a project launched last summer. Average customer credit approval
times have dropped by 72 per cent to one hour and 40 minutes, while
autoacceptance rates have increased by 40 per cent, the company
said. SFS last year launched project ‘Transact’ aimed at reducing
average credit approval times to less than two hours, and improving
auto-acceptance rates from 2 per cent to above 35 per cent.
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