Absa Bank Selects PIC Solutions for Applications HealthCheck

Cape Town, 18 November 2004 – Absa Vehicle and Asset Finance, a division of Absa Bank has selected PIC Solutions to conduct an Application HealthCheck in their vehicle and asset finance environment.

Absa Vehicle and Asset Finance (AVAF) provides vehicle and asset finance to consumers and businesses throughout South Africa.  AVAF offers a range of product types including instalment sale agreements, leasing finance, rental and rent to buy.

PIC Solutions consultants conducted this Application HealthCheck to ensure that the existing application processing procedures were aligned with their acquisition strategies. This assignment aimed to highlight a number of areas for development that would ensure improved business results, best practice benchmarking and ultimately achieve profitable growth of the business.

Johan de Villiers, Manager of Application Scoring, Asset Based Finance at AVAF comments that, “We are committed to improving risk management best practices throughout our organisation. This Applications HealthCheck was conducted to ensure that our existing policies effectively match industry best practices. Consultants from PIC Solutions used their vast experience to help us align our new account acquisition policies and procedures with our business strategy. We are delighted by the outcome of this HealthCheck and we look forward to working with PIC Solutions on future projects. ”

David Lewis, Director of Consulting at PIC Solutions, adds, “We are delighted to have been selected by AVAF to conduct this HealthCheck in their new account applications environment.  PIC consultants have conducted a number of HealthChecks in various organisations and our HealthChecks have become the industry-benchmark for custom consulting assignments. During this assignment PIC consultants assisted AVAF to identify and improve new account acquisition policies and procedures.”