JD Group Selects PIC Solutions for Risk Management

Cape Town, 22 September 2005 –   JD Group Limited, a leading furniture retailer in Africa has signed a RiskMentor consulting contract with PIC Solutions.

Through this RiskMentor contract, JD Group Limited has committed to a level of consulting hours, which can then be used for consulting support when it is most needed over the next twelve months. The RiskMentor consulting contract ensures that resources can be used from any area of PIC expertise, including credit risk management consulting, analytics and software services.

A RiskMentor contract offers JD Group Limited maximum flexibility in achieving the stated objectives of increasing data-driven decision-making throughout the organisation whilst increasing the overall profitability.

Philip Kruger, Group Executive of Credit at JD Group Limited, comments, “JD Group faces many challenges in the furniture industry and we are constantly searching for effective ways to improve our credit policies and enhance our levels of customer service. The RiskMentor offers us a flexible way of obtaining consulting expertise and we look forward to maximising new business opportunities with this contract.”

Dave Lewis, Director of Consulting at PIC Solutions, adds “PIC Solutions has a wide-range of credit risk management and analytical skills to offer JD Group. The flexibility of this RiskMentor relationship will ensure that JD Group can optimise the benefits of our risk management personnel to achieve their strategic objectives.”