8:52 am, June 12, 2015
RECOGNITION for CAP’s industry-leading transparency in residual forecasting has come in the shape of two major industry awards.
CAP Gold Book iQ, which opens a window onto every aspect of CAP’s future RV viewpoints, has been awarded the accolade of Best Use of Data and a commendation for Best Use of Technology at the International Auto Finance Network.
CAP launched its Gold Book iQ tool two years ago with the aim of providing openness in the business-critical field of residual value forecasting.
The IAFN judges said: ‘CAP’s willingness in revealing all the intelligence behind CAP’s RV forecasts to engage its customers and share source data so openly was a sure winner.’
Peter Knight, the architect of Gold Book iQ’s technology platform, said: ‘This is a real accolade for CAP because so much of the value in our intelligence lies in the process by which we arrive at the numbers in our forecasting.
‘We understand customers are no longer comfortable with assurances that a forecast has been expertly made – they want to know exactly how we made it. Arguably that is every bit as important as the final forecast itself because it enables our customers to meaningfully test their own assumptions against those of the leading independent voice in the forecasting field.
‘Gold Book iQ provides a uniquely transparent context for all of CAP’s forecasts and we are delighted that the value of this to our customers has been recognised by the IAFN.’
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