In light of rapid digitization, financial institutions are increasingly aware that technology investment is critical to developing new sources of competitive advantage. Providing account holders with the best experience while still maintaining efficient operations is the only way to compete. This means financial institutions must differentiate themselves by simultaneously leveraging data to offer consumers the most applicable products, making access to these products more readily attainable and most importantly providing excellent service throughout the entire process.
At its foundation, the Lifecycle Management Suite provides common services such as dashboards, views, reports, workflows, business rules and security that are packaged with business-specific functionality to create solutions for origination, service, collection, recovery and profitability. These modules can stand separately or be deployed in a single platform (working together) to maximize the potential value. Additionally, connectors are available for each module to deliver best-of-breed, third-party integrated services.