Higson adapts to the unique requirements of various industries
Our business rules engine optimizes operations in sectors like insurance, finance, retail, and transport & logistics.
Discover Use Cases
Insurance Premium
Calculation
Utilize Higson to apply complex rulesets for determining insurance premiums. By incorporating diverse variables and conditions directly into the pricing model.
Streamlined Underwriting
Process
Higson's rules engine can systematically apply your specific criteria for underwriting, ensuring consistency and compliance across all applications. This speeds up the process by eliminating much of the manual review.
Credit Scoring
Enhance your credit scoring system with Higson by integrating custom rules that reflect your lending criteria. This application ensures that all credit decisions are based on consistent, predefined factors, improving decision quality and fairness.
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Dynamic Pricing
Implement Higson to adjust pricing models automatically according to predefined rules based on market dynamics, customer behavior, and inventory levels.
Product Catalog
Higson simplifies product catalog management by updating and maintaining complex product information. It allows for swift modifications in product features, pricing, and eligibility criteria.
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Reference Data
Management
Higson ensures consistency and accuracy across various data sets. It aids in organizing, updating, and retrieving reference data efficiently, which is crucial for maintaining data integrity and supporting informed business decisions.
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Logistics Planning
Higson enhances transportation and logistics management by applying predefined rules to optimize routes, schedules, and fleet maintenance
Customer
Segmentation
Segmentation
Use Higson to classify customers into segments based on specific rules related to their behaviors and preferences. This helps in delivering more personalized strategies.
Higson: Key Industries
Insurance
Industry
Industry
Higson has proved its usage in:
Insurance Underwriting
Tariff Management
Insurance Claims Management
Streamlining Insurance with Dynamic Policy Management
Higson transforms insurance workflows by facilitating rapid policy adjustments to meet evolving regulatory demands and client expectations. It streamlines underwriting, enhancing accuracy and reducing errors, and simplifies claims processing for better efficiency. This directly leads to lower administrative costs and a more agile, customer-oriented service model.
Banking
& Finance
& Finance
Higson can empower financial institutions to
streamline important processes such as:
streamline important processes such as:
Product Eligibility
Credit Scoring
Data Validation
Compliance & Fraud Detection
Customer Self-Service
Cross-sell and Upsell Opportunities
Adaptive Lending and Risk Management
Higson revolutionizes banking by enabling swift adaptation to customer needs and market trends. It offers efficient client segmentation and service customization, ensuring secure and dynamic lending rate adjustments based on credit scores. Additionally, Higson streamlines key operations such as product eligibility and credit scoring, while bolstering compliance and fraud detection. This leads to more effective risk management and opens opportunities for tailored cross-selling and upselling based on customer profiles.
Retail
With Higson retailers can:
DYNAMIC PRICING
PERSONALIZED CAMPAIGNS
PRODUCT RECOMMENDATION
Accelerating Retail with Instant Product Updates
Higson brings a new edge to the retail sector, catering to its ever-changing nature and driving customer-centric experiences. It enables retailers to rapidly update product details and prices, ensuring customers always find the latest and most relevant offerings online. The integration of Higson allows for instant addition or modification of inventory items, aligning seamlessly with evolving market trends and consumer preferences. Additionally, Higson's capability for real-time price adjustments empowers retailers to stay ahead in competitive pricing strategies, essential for promotional events or matching market prices.
Telecom
& Media
& Media
Simplifying Portfolio Management in Telecom with Higson
With thousands of products, pricing plans, customer segments, distribution channels, packages, promotions, and subscriptions, keeping track of such an extensive portfolio can be daunting. Higson steps in as a powerful solution for managing these complexities. It provides a centralized product catalog, enabling telecom companies to efficiently handle their diverse product range in one place. This integration allows for seamless management of new products and variations, ensuring efficiency and agility in the fast-paced telecom environment.
Airlines
& Travel
& Travel
Optimizing Offers with Dynamic Pricing
Managing the intricate web of offers, encompassing fluctuating hotel rates, attraction fees, food prices, occupancy levels, and even fuel costs, is no small feat. Higson provides a crucial solution for this sector, enabling businesses to consider and integrate these myriad factors seamlessly. It ensures that each aspect of the offer is priced accurately, maintaining profitability while adapting to market dynamics.
Discover more details about Higson:
Higson is a part
of the Gartner Toolkit:
of the Gartner Toolkit:
Decision Management
Suite Vendor Profiles.
Suite Vendor Profiles.
