Nomis Price Optimizer will enable AmeriCredit to analyze transaction data to better understand the demand and use it to create more targeted rates and terms for each transaction. With the Nomis Price Optimizer for auto finance, AmeriCredit can tailor the rates and terms for each dealer, customer and product combination, to provide greater control over credit mix and enable better tracking and control of pricing decisions.
The solution will also provide insights into how price impacts product and portfolio performance as well as credit mix. Through the use of the software, the pricing team will be able to apply these insights to future decisions and improve its pricing process. Nomis Solutions’ pricing optimization software will also support compliance by tracking all pricing decisions, and providing the transparency, objectivity, and risk management that regulators require.
Tom Schwartz, vice president of profitability analytics at AmeriCredit, said: The Nomis Price Optimizer is our full spectrum pricing and profitability management solution. We plan to use the solution across our entire business including sub-prime, near-prime and prime product lines to help us create better solutions for our dealers and customers.
