Indico Finance Module

General Product Definition

Indico uses actuarial data analysis to enable automotive and other volume manufacturers to improve product quality and reduce costs in their post sale value chain.

Indico takes high volume client production, sales and warranty claim data on a monthly basis which it processes with leading edge actuarial analysis techniques to produce high accuracy warranty claim forecasts and identify critical product and service issues.

Pain

Accurately accrue for warranty costs.

Current financial reporting methods don’t work when it comes to accurately assessing warranty liabilities. OEM’s constantly struggle with forecast accuracy which not only affects their reputation with stock holders but their capital reserves and risk register.

Product

Indico’s predictive analytics enable a manufacturer to quantify the risk with a new level of accuracy to within 99.7%* of projected spend.

The granular level of Indico builds to this aggregated accuracy by considering the failure frequency of every part in every vehicle in every country. Forecast excellence is dependant on the role of demographic in failure event disclosure, a complex dynamic that can only be harnessed with actuarial techniques.

Implementation

Enhance current processes: Working alongside existing reporting and procedures Indico’s analytics help qualify existing forecasting giving a third party perspective to decision makers.

Replace the current process: After a period of forecast comparison replace existing systems and processes for monthly, quarterly and annual accrual production.

Initial results are ready in weeks not months enabling almost instant ROI.

Customers

OEM’s or National Sales Companies with their own warranty exposure.