CSC To Offer ProfitVision From HNC Software as Customer Profitability Solution.Business Editors/High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--Aug. 3, 2000 HNC (HNC Software Inc., San Diego, CA) A software company that specialized in products that detect credit card fraud, manage merchant risk, automate lending decisions and home valuations and manage retail inventories. Founded in 1986 by Robert Hecht-Nielsen and Todd W. Financial Solutions, a division of HNC Software Inc. (Nasdaq:HNCS HNCS Host Naval Computer System HNCS Host Navy Combat Systems ), today announced that Computer Sciences Corp. (NYSE NYSE See: New York Stock Exchange :CSC (Card Security Code) A three- or four-digit number printed on the back of credit cards for security purposes. Called "Card Verification Value" (CVV) by Visa, "Card Validation Code" (CVC) by MasterCard and "Card Identification (CID) by American Express and Discover, ) has selected HNC's ProfitVision(TM) to be an integral part of its overall customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) solution for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. ProfitVision is a comprehensive solution that calculates the profitability of customers, relationships, products, and business units and distributes the results to decision-makers throughout the organization. The system incorporates an interface to core accounting and banking systems, and ensures the integrity of profitability measurement through matched-maturity funds transfer pricing Funds Transfer Pricing (FTP) is a process used in banking to measure a funding source's contribution to overall profitability. External links
"After reviewing several customer profitability Customer profitability (CP) is the difference between the revenues earned from and the costs associated with the customer relationship in a specified period. According to Philip Kotler,"a profitable customer is a person,household or a company that overtime,yields a revenue systems, we're pleased to offer ProfitVision as an essential component of FS CustomerConnect(TM), our extensive CRM solution designed to help companies provide outstanding customer service," said Ken Williams There are various persons named Ken Williams, which include:
"Measuring and deploying customer profitability information for effective cross-selling and the overall optimization of customer treatment strategies is a crucial aspect of a successful CRM program," said Patricia Brown, vice president and general manager of HNC Financial Solutions' Chicago office. "The investment we've made to enhance the scalability of ProfitVision allows CSC to offer its traditional market segment of larger financial institutions access to customer profitability information distributed throughout the enterprise." About CSC Computer Sciences Corp. offers a comprehensive array of business and technology solutions which support the complex requirements of the evolving global financial services industry. Customers include more than 1,000 banks, insurers, investment firms, consumer finance companies, and other major financial services organizations around the globe. CSC, one of the world's leading consulting and information technology (IT) services firms, helps clients in industry and government achieve strategic and operational objectives through the use of technology. Having guided clients through every major wave of change in IT for more than 40 years, CSC today is well positioned to develop and apply IT strategies and technologies, particularly in the e-business area, based on its full range of capabilities in management and IT consulting; systems design and integration; applications software; Web and application hosting; and IT and business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in . Since its formation in 1959, CSC has been known for its flexibility and customer-centric culture. Through numerous agreements with hardware and software firms, the company develops and manages solutions specifically tailored to each client's needs. With more than 58,000 employees in locations worldwide, CSC had revenues of $9.4 billion for the twelve months ended March 31, 2000. It is headquartered in El Segundo El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , Calif. For more information, visit the company's Web site at www.csc.com. About HNC Financial Solutions HNC Financial Solutions is a leader in the development of intelligent customer value management software solutions for the financial services and e-commerce industries. Its powerful suite of real-time decision platforms and predictive business solutions allows firms to automate new account decisioning, optimize marketing efforts, detect fraud, predict profitability, and manage the customer lifecycle. HNC Financial Solutions supports this suite of solutions with a full range of consulting services. About HNC Software Headquartered in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , HNC Software Inc. is a leading provider of predictive software solutions for service industries, including financial, insurance, telecommunications, and e-commerce. HNC's suite of predictive software solutions can provide real-time insight into customer relationships based on transaction-level data, helping companies manage their relationships with individual customers. By accurately predicting customer behaviors, these companies can create initiatives to mitigate risk and attrition; improve customer service; develop marketing programs to enhance profitability; and detect fraudulent customer transactions. For more information, visit HNC's Web site at http://www.hnc.com or contact Melinda Bateman, HNC Software Inc., 5935 Cornerstone Court West, San Diego, CA 92121, 858/799-3880. For HNC investor relations Investor relations The process by which the corporation communicates with its investors. , call 858/799-1301. Note: ProfitVision is a trademark of HNC Software Inc. Other trademarks and service marks are the property of their respective owners. Cautions About Forward-Looking Statements. This press release contains forward-looking statements about events and circumstances that have not yet occurred, including forward-looking statements regarding anticipated benefits to HNC customers from the use of HNC products or services. Actual outcomes and results may significantly differ from expectations in this press release due to a number of risks and uncertainties about the future. Such risks and uncertainties include, without limitation, whether HNC customers will be able to successfully implement, use and manage HNC products and services and realize benefits from such products and services. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion