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JD Group expands PIC Solutions relationship

Johannesburg, 20 Nov 2003

JDG Trading, the largest, multi-chain, furniture retailer in Africa, has signed a RiskMentor retainer contract with PIC Solutions.

This RiskMentor consulting contract follows the recent successful completion of a one-year focus on all aspects of JD Group`s new accounts processing. This included assistance with the project management of an entirely new applications processing system, development of a suite of new application scorecards and calculation of joint-odds scorecard cut-offs for each retail chain.

The RiskMentor contract ensures that resources can be used from any area of PIC expertise, including credit risk management consulting, analytics and scorecard development, project management and software services. This ensures maximum productivity, combined with fixed monthly budgeting.

Dick Behrens, Director of Credit and Administration for JDG Trading (Pty) Limited, states: "We have worked with PIC Solutions on a number of initiatives and look forward to the new opportunities from this RiskMentor contract. The flexibility of this RiskMentor relationship will enable us to address the dynamic challenges of the credit environment and ensure our success in future projects."

Dave Lewis, Director of Consulting at PIC Solutions, adds: "We are delighted that JDG Trading have decided to expand their RiskMentor contract with PIC Solutions. We look forward to continuing our relationship with JDG Trading and adding significant value and expertise to this relationship using our on-call risk management resources."

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PIC Solutions provides customer management solutions to a wide range of blue-chip organisations. We are experts in the fields of credit, risk and marketing and have an established track record of success powered by solutions.

Our ongoing commitment is to enable clients to optimise the credit lifecycle of your business.

Editorial contacts

Frans Labuschagne
PIC Solutions
(011) 759 0300
Info@PICSolutions.com