Cape Town, 13 September 2007 –
PIC Solutions has unveiled an additional
dimension in their South African Retailers Benchmarking Service
(SARBS).
SARBS provides a quarterly
report which tracks trends across multiple portfolio measures by
which subscribers benchmark their credit products against
best practices and their retailer peer group.
SARBS originates from the long-standing
relationship that PIC Solutions has with the clothing retailers
in South Africa. The service
has been
designed to evolve and change as additional measurements and
reporting aspects are included. This latest SARBS development is
part of the overall drive to constantly enrich and add value to
the total offering available to retailer subscribers.
This benchmarking is of strategic value to
credit retailers for plotting their progress against their
industry peers in changeable economic times. For example, there
may be an overall increase in delinquency for the industry as a
whole, but when delinquency within one organisation increases at
a slower rate; it would suggest that the latter retailer has a
better quality portfolio. SARBS enables credit lenders to gauge
whether their business is improving or not in relation to the
rest of the industry. Credit grantors would not be able to
evaluate their performance against the rest of their industry
without measuring their performance. Also, meaningful
measurement would be impossible without access to accurate data
collated and provided by SARBS.
As of September the SARBS report will include
a 36+ months on books segment.
This segment contains older, more established
accounts where there is a higher likelihood of inactivity and
attrition. It is of importance when considering existing levels
of South African household debt and the Reserve Bank’s
increasing rate of repossessions.
