Edcon Signs for TRIAD
Consulting Support with PIC Solutions
Cape Town, 20 April 2006 –
Edcon, Africa’s largest fashion retail group,
has signed a strategy consulting agreement with PIC Solutions to
support its TRIADTM adaptive control system.
The TRIAD system, from Fair Isaac
Corporation, is the world’s leading adaptive control system.
TRIAD provides both account and customer management capabilities
in a package that combines predictive analytics, decision-making
software and expert strategy consulting to automate and improve
credit and customer management decisions for lenders.
Edcon is currently upgrading their TRIAD
adaptive control system to version 8. Through this strategy
consulting contract, Edcon has the flexibility of using PIC
Solutions strategy consultants to develop and implement new
credit risk and marketing strategies.
Ian Wood, Group Financial Services Executive
at Edcon, states,
”We have experienced significant improvements in our marketing
and credit strategies with the TRIAD system and we are looking
forward to the additional benefits of using TRIAD 8. PIC
Solution’s strategy consultants have an in-depth understanding
of our retail business and their on-going consulting support
will ensure that we continue to improve the profitability of our
credit portfolio.”
Dave Lewis, Director of Consulting at PIC
Solutions, adds,
“Our risk management consulting team work closely with Edcon to
ensure that they fully realise the benefits from the new TRIAD
system. With the test and challenge functionality of TRIAD, and
the input from our consulting team, the effectiveness of the
risk management strategies are continually improved, thereby
ensuring that TRIAD continues to deliver impressive bottom line
results for Edcon. ”
