Cloud Skip Tracing Waterfall Vendor Sequencing
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Solution Overview
Problem
Skip tracing is complex due to the need to interact with multiple databases and vendors, requiring determination of the best vendors to use and their sequence, which increases processing time and cost, and lacks an efficient method to manage these interactions.
Innovation Solution
A cloud-based skip tracing application that allows users to interface with multiple data vendors through a waterfall process, using analytics to design optimal sequences based on industry needs and user preferences, enabling control over the skip tracing process via a web-based platform.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Measurement precision
If multiple vendors are used to improve data accuracy and completeness, then the quality of skip tracing results is improved, but the processing time and system complexity increase
Solution Approach 1:
The system pre-establishes waterfall sequences that define the order and conditions for querying multiple vendors. These sequences are configured in advance based on vendor performance metrics, data coverage, and cost considerations, allowing the system to automatically execute optimized multi-vendor searches without real-time decision-making delays
Solution Approach 2:
The skip tracing process is divided into discrete stages with each vendor representing a segment in the waterfall sequence. Each segment can be independently configured, executed, and evaluated, allowing parallel processing of different record segments and efficient resource utilization across multiple vendor interfaces
2Measurement precision
If multiple vendors are used to improve data accuracy, then the completeness of information is improved, but the system complexity and cost increase
Solution Approach 1:
The cloud-based platform serves as a universal interface that can connect to and manage multiple different vendor systems through standardized protocols. The single platform performs multiple functions including vendor selection, sequence management, data aggregation, quality validation, and reporting, eliminating the need for separate specialized systems for each vendor
Solution Approach 2:
The cloud-based skip tracing platform acts as an intermediary layer between the user and multiple vendor systems. It abstracts the complexity of individual vendor interfaces, authentication mechanisms, and data formats behind a unified API, allowing users to manage multiple vendors without directly dealing with each vendor's unique system complexity
3Ease of operation
If a cloud-based platform is used to manage multiple vendors, then ease of operation is improved, but dependency on external infrastructure increases
Solution Approach 1:
The platform consolidates vendor management capabilities, data processing functions, and user interface elements into a single integrated cloud service. This merging eliminates the need for users to manage separate connections, credentials, and interfaces for each vendor, providing a unified control panel that simplifies operation while centralizing infrastructure dependencies in a managed environment
Data Source
AI summary
A method executed at least in part in a computing device for providing cloud based skip tracing is provided. The method includes providing a cloud based service enabling data interchange with a plurality of vendors providing skip tracing services and receiving at the cloud based service and from a user a file of records for skip tracing. The method further includes applying a waterfall process to the records using the computing device wherein the waterfall process includes at least a subset of the plurality of vendors and returning to the user a results file containing skip tracing results corresponding to the records. The method may further include generating a waterfall score card and sending the waterfall score card to the user, the waterfall score card summarizing performance of the subset of the plurality of vendors.