Leadership at defi SOLUTIONS made several advances with its loan origination system (LOS) a year ago, including integrated reporting and analytics capabilities, aligning with both a vehicle service contract provider as well as a document delivery operation. The management of defi SOLUTIONS also ramped up a partnership with another technology provider.

And as the industry is about to gather again for the Vehicle Finance Conference hosted by the American Financial Services Association, defi SOLUTIONS now is reaping the benefits of those moves, especially in relation to defi ANALYTICS.

That solution is geared to offer finance companies an intuitive reporting system that designed to be both efficient and easy to use, whether exploring data or customizing reports. The system gives finance companies complete control over report access so that decision makers in different departments can see the reports most relevant to them.

“We're excited about defi ANALYTICS simplifying and improving our originations reporting,” said Mark Humphrey, chief credit officer of Tidalwave Finance, a non-prime provider that’s been in business for more than a decade out of Santa Ana, Calif.

“A significant amount of our time is being saved with the user-friendly dashboard that provides the information we want when we want it and in an easy to read format,” Humphrey continued. “Since implementing defi almost two years ago, we have been continually pleased with how defi works with clients to enhance the lending platform and expand services to make lending better.

Humphrey added, “defi ANALYTICS is allowing us to take a giant leap forward with easy data access and configurable reporting.”

In addition to easy-to-use reporting, defi ANALYTICS partners with Equifax to offer a subscription-based quarterly Lost Sales Analysis that can give finance companies ongoing opportunities to enhance capture rates based on current lost sales data and analysis. The Lost Sales Analysis can generate insight on which competitors win applications, how deal structures compare, what external factors may affect the underwriting process and how lost applications are performing.

“The timely and flexible reporting and lost sales analysis tools combine to form a firm foundation for users of the defi ANALYTICS system,” the company said. “This foundation will grow throughout 2017 and beyond into a full service analytics system with industry benchmarking and additional analytics tools and services.”

For a live demonstration of defi ANALYTICS, finance company executives can visit with defi SOLUTIONS at its booth during AFSA’s Vehicle Finance Conference, which begins on Tuesday in New Orleans.