Procurement & Supply Chain | Zoot
The Business Profile | Premier Sponsor
Zoot: A trusted decisioning partner in times of change Author Adam Jackson
F
or over 30 years Zoot has been at the forefront of transforming time consuming manual decision making to fully digitalised processes, driving great customer experience. We were delivering cloud solutions before they became the norm. Today we process billions of automated requests each year across multiple sectors. Our diverse client base includes 3 of the 5 largest global banks, sector specific lending businesses, such as motor finance or credit cards, and commercial loan providers. With our scalable systems we support niche lenders with customers numbering in the thousands to large, multi-product credit providers servicing millions. Zoot’s position as a trusted partner results from innovative solutions that solve ongoing challenges from market demand and regulatory pressures. However, as a private company we are comfortable to take a long term view of growth, which true partnership demands, for both our customers and ourselves.
PARTNERSHIP IN ACTION Vanquis Banking Group is a leading specialist bank for millions of UK adults not served by traditional lenders. It is focused on continued development of a range of products, reflecting changes in consumer demands and needs, which they are consolidating onto one platform. Agile technology is key and Zoot was selected as the strategic origination partner on both commercial and technical criteria. We are pleased to say that the relationship has gone from strength to strength.
As testament to our partnership the Vanquis team genuinely own the solution, building and maintaining strategy themselves. Facing future changes in regulation and competition, they know they are in full control of their own platform – this is true customer empowerment. DELIVERING RESULTS We have many examples of where customers use our flexible, composable, modular technology to push business strategies forward. n
he world’s largest electric vehicle T manufacturer launched its captive European motor finance business in record time
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major European commercial A lender automated data acquisition with a single platform across
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he world’s largest alternative payment T provider runs multiple decisioning applications including merchant onboarding, consumer lending and business lending
n A major international plant
manufacturer makes rapid asset finance decisions with a 70% automation rate n A top 5 global bank implemented enterprise level strategies across multiple business units increasing customer satisfaction and profitability n A specialist mortgage lender launched
sophisticated web screens and backend decisioning to automate their renewals process to 15 minutes. We could talk about much more...
Our flexible service has delivered crucial functionality in record time allowing the building of many innovations along the way. A modern Low-Code, LowIntegration solution has replaced legacy spaghetti, driving rapid time to market and to production. Scan or click QR code to watch video
more than 25 countries and then adopted further modules to roll out credit decisioning on that same platform
www.zootsolutions.eu Adam Jackson MD Zoot Enterprises Limited
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Procurement & Supply Chain | Zoot LOWER COST, QUICKER DELIVERY
sooner you see a reduction in bad debt, or improvement in take-up rate, or a better margin. Our customers realise these benefits when working with our solutions.
Zoot’s Low-Code, Low-Integration technology means the lifetime cost of delivering and maintaining a new lending system is significantly lower than with our competitors. The investment to develop it over many years will likely exceed the initial build costs. This is especially true when there is reliance on vendors to support the changes, be they simple strategy updates or more complex data provider integrations. With our technology Zoot can deliver these changes more quickly than anyone else – if you want us to. Even better, your own staff can be trained to do this themselves.
And there are other benefits our customers see. The ease of integrating additional data providers gives you negotiating power on data costs As new data sources become available, you can be the first to benefit from them in your strategies
WHY IS ZOOT TECHNOLOGY DIFFERENT? Web customer application pages, data provider integration, decisioning and case management, all underpinned by a single data model, means new data is immediately available across the whole solution without further integration effort – we do away with the downsides of what we call the ‘API ripple’. You don’t need all our components from Day One? No problem. Our solutions are modular and composable. You can take the components that solve your current challenge knowing that other functionality can be added at a future date.
Cost is only one part of the value equation. The quicker a new market opportunity is taken, the quicker you see a return on the investment. The sooner a new credit strategy it put in place, the Scan or click QR code to find out more
The Business Profile | Premier Sponsor
O R I G I N AT I O N
Motor Finance Automation
Future-proof your motor finance operation with an all-in-one digital lending service
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Zoot’s digitalised, all-in-one loan origination solution for motor finance provides the platform for efficient change with the agility to enable ongoing innovation at pace.
Make continual improvement in your lending process without the headache of continuous system and data integrations
Make faster changes to improve take up rates and lending performance
Scale your business without scaling cost
Become an agile digital lending operation
Scan or click QR code to find out more
The speed of strategy testing and development, supported by champion / challenger configuration, drives controlled increases in levels of automated decisions allowing staff to be deployed where their skills are most valuably applied on marginal or high value cases Multi-stage processing means that you can configure strategy to deliver a rapid decision-in-principle and a rapid final decision giving great customer experience Ease of sophisticated strategy implementation gives you the option to offer alternative lending instead of saying ‘No’ With the ease and speed of making changes, Consumer Duty in the UK can be turned into competitive advantage as Zoot is proud to regulatory interpretation stand on its record of evolves innovation, on-time and onbudget delivery, empowerment, award winning support and reliability that have made us a trusted partner for so many customers over many years. Let us explore how we can repeat this with you. Contact us at hello@zootweb.eu to start a conversation.
Adam Jackson
Benefits
New data and services to make faster smarter decisions and improve the customer journey
Ability to pivot your origination quickly to capitalise on new business opportunities
Exploit sophisticated riskbased pricing and champion challenger testing
Implement and manage operational Consumer Duty requirements
Business and technical users can control the entire system in-house
Faster underwriting through intuitive case management
Futureproof your lending business with Low-Code, Low-Integration, composable digital decisioning services.
www.zootsolutions.eu
c All-in-one means just that! Everything you need to get a smarter loan decision is fully integrated within Zoot’s service so no delays and unnecessary costs. Even better – you have the option of training your teams to manage the entire service internally.
ZOOT’S ORIGINATION FOR MOTOR FINANCE | ZOOTSOLUTIONS.EU
Zoot Enterprises Limited Platform, New Station Street, Leeds, LS1 4JB Telephone: +44 113 246 8693 45