Edcon, Africa`s largest fashion retail group, has signed a strategy consulting agreement with PIC Solutions to support its TRIAD 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 its 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 will work closely with Edcon to ensure 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 is continually improved, thereby ensuring TRIAD continues to deliver impressive bottom line results for Edcon. "
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Fair Isaac Corporation (NYSE:FIC) makes decisions smarter. The company`s solutions and technologies for enterprise decision management give businesses the power to automate more processes, and apply more intelligence to every customer interaction. Through increasing the precision, consistency and agility of their decisions, Fair Isaac clients worldwide increase sales, build customer value, cut fraud losses, manage credit risk, reduce operational costs, meet changing compliance demands and enter new markets more profitably. Founded in 1956, Fair Isaac powers hundreds of billions of decisions per year in financial services, insurance, telecommunications, retail, consumer branded goods, healthcare and the public sector. Visit Fair Isaac online at www.FairIsaac.com.
PIC Solutions
PIC Solutions provides consumer credit solutions to a wide range of blue-chip organisations. We are experts in the fields of credit, risk and software and have an established track record of success powered by solutions.
PIC Solutions is the Fair Isaac alliance partner for the Africa Middle East region and from offices in Cape Town, Dubai and Johannesburg, provides all sales and support for the entire suite of Fair Isaac products and services. This includes consulting, project management, integration services, first line software support and ongoing maintenance.
Our ongoing commitment is to enable clients to optimise the credit lifecycle.
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