As part of its strategy to improve profitability via effective risk management policies and enhance its collections environment, Nedbank Asset Based Finance (ABF) requested PIC Solutions to implement an effective collections management solution.
The PIC collections system (PCS) is a collections tool designed to optimize the collections performance of almost any type of credit granting organization. The vendor says that PCS combines industry collections best practices, flexible user controlled strategy definition, an intuitive user-friendly collector interface and system functionality.
Veran Kathan, head of operations: ABF and transactional banking at Nedbank, comments, as a single integrated collections solution, PCS offers us unique functionalities that suit our ever-changing environment. Through PCS, we can optimise our credit and collections operations and improve our decisioning process.
