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Centrafin's star performance aided by Xpertek


Johannesburg, 20 Oct 2015

Centrafin, a financial service provider focused on the rentals and asset finance industry, takes pride in offering structured financial service solutions which best meet the needs of its partners as well as tailored Green Finance Solutions for business. Owned by Pinnacle Holdings, Centrafin recently reported revenue growth of 29% net profit and after tax growth of 33% making it Pinnacle's star performer in the financial services division.

A client of Xpertek's since 2005, Centrafin manages and operates its entire debtor management book and workflow process on Xpertek's Acquire loan management platform. The use of Acquire improves turnaround times for new business applications while streamlining the credit approval process.

For collections defaulters are identified early so appropriate action can be taken quickly and with the settlement process large volumes of dealer settlement requests can be handled without delay or error. CEO of Centrafin, Jenny Gill says, "Acquire enables us to focus on our business while the system takes care of the complicated and time consuming administration and compliance, which is critical to the success of our business."

The group's recently formed business division under Pinnacle Africa plans to expand into Africa with a focus on Zimbabwe, Zambia, Mozambique, Angola and Malawi with possible expansion into east Africa in the long term. Xpertek has considerable experience in Africa with clients in more than 18 countries globally and believes in partnering with its clients to find innovative solutions to their business solutions through the use of technology.

Centrafin's Financial Director, Johan Fourie commented: "Centrafin has had a long standing relationship with Xpertek. They have our best interests at heart and have provided us with tailored solutions for the most effective usage of our resources. They are a vital partner in our business".

Xpertek's loan finance solution, Acquire manages in excess of R5.8bn worth of loans across its client base, is a centralised Web-based solution, which can be hosted or on premises. Xpertek's loan finance clients include lenders in the vehicle finance, home loan and asset finance/rental market.

www.centrafin.co.za www.xpertek.co.za

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