Cape Town, 12 February 2009 –
PIC Solutions boosts net return for credit
providers by launching innovative new collections product.
By taking advantage of Agency Management
Service, the latest addition to the PIC Solutions market
leading product range, credit providers can improve their net
collections return by up to 14%. PIC Solutions demonstrated this
improvement by analysing a South African retailer’s 24-month
billing information and compared results with current industry
best practice.
This innovative product, developed by PIC
Solutions, optimises the outsourcing of delinquent accounts to a
number of competing collections agencies to ensure maximum
returns. The Agency Management Service also
considers multiple factors such as economic, legislative and
operational changes to continuously adapt the models being
applied.
Applying this methodology to competing
agencies, PIC Solutions capitalises on individual agency
strengths and assigns account listings suited to an agency’s
specific collections methods.
David McAlpin, Chief Executive Officer at PIC
Solutions, states,
“The Agency Management Service is the latest addition to our
product range, and is designed to provide value to all companies
that make use of external collections agencies. This new service
has been developed with PIC Solutions’ predictive modelling
skills and complements our risk management consulting services.”
