Qarar, a leading regional decision analytics company, today announced a strategic initiative with Al Yusr Leasing & Financing, one of the largest non-bank providers of finance in Saudi Arabia.

The project will see Qarar reinforcing Al Yusr’s all-round analytics and credit decision capabilities across the customer lifecycle, from application to customer management, said a statement.

As part of Al Yusr’s wider goal to enhance decision efficiency and adopt a pro-active and data driven approach in its customer interactions, Qarar will be working to effectively transform the company’s existing customer credit evaluation process into an efficient best practice risk decision process, primarily driven by a comprehensive advisory and data analytics programme.

Qarar will also deliver analytical modelling and recommend actions across multiple customer management decision areas, notably pro-active customer cross and up-sell areas as well as enhanced data driven recovery strategies, it said.

Zaid Kamhawi, CEO at Qarar, commented: “We are pleased to be strengthening our long standing relationship with Al Yusr and offering the company our expertise in the advanced analytics and lending environment. This is particularly important at a time when many KSA lenders are moving towards process automation and operational efficiency. We will be working together through a ‘Risk Programme Partner Approach’ to ensure that an efficient originations process is successfully implemented and that Al Yusr achieves maximum efficiency and fulfils its credit management objectives.”

A spokesperson from Al Yusr’s management added: “Qarar’s recommended ‘Risk Programme Partner Approach’ will support Al Yusr in deriving significant business benefits through analytical and decisioning cost efficiencies. It will also allow for an enhanced customer experience and better management control in changing risk and market conditions, and enable Al Yusr to develop its growth plans and align its decision making policies in a progressive and sustainable manner.” –TradeArabia News Service