PIC Solutions has launched a credit risk management benchmarking service for users of the Fair, Isaac TRIAD Account Management System. The South African Retailers Benchmarking Service (SARBS) will produce benchmark reports on a quarterly basis according to the FatMAN schedule, (February, May, August, and November).
The service was pioneered in the UK in 1993 and since then it has become an indispensable tool to credit grantors, allowing them the opportunity to benchmark themselves against their peer group across a broad array of portfolio measures, confident in the fact that they are comparing comparable data. TRIAD produces portfolio performance reports on a monthly basis that have standard definitions, thus ensuring the comparison of like-for-like measures.
Dave Lewis, Director of PIC Solutions adds, "another significant use of the quarterly benchmarking service is that it can be used to measure portfolio and industry trends and assess whether a lender is improving or maintaining their performance over time, when measured against the industry."
The launch of this service will provide clients with information and measurements that were previously unobtainable and the benefits that the service will provide to all parties will be just as great as they have been in the UK over the past 7 years. Over the next 4 weeks PIC consultants will be visiting every South African retail client to provide thorough training and strategic analysis of the first results of this exciting new benchmarking service.
PIC Solutions is a unique, specialist risk management solutions company, providing Project management, Integration services and Consulting solutions to a wide range of clients in the financial services industry. With over 130 years combined experience in the Europe Middle East Africa region, PIC Solutions has rapidly grown to become the largest specialist risk management solutions provider in the Southern Hemisphere.
Our objective is to enable our clients to transform risk into revenue.
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