Cape Town, 21 Apr 2005
PIC Solutions has been selected by Edu-Loan to conduct a HealthCheck on its credit processing environment.
Edu-Loan was founded to provide affordable educational finance to students at SA`s leading educational institutions. Since 1996 the financial organisation has financed approximately 270 000 students with a total value of R800 million.
As part of an ongoing commitment to improving the profitability of the group, Edu-Loan has selected PIC Solutions to conduct a Credit Process HealthCheck. Through this HealthCheck, PIC Solutions consultants will review the organisation`s existing applications process and highlight a number of areas for development that would ensure improved business results.
Emil B"ohme, Managing Director at Edu-Loan, states: "One of today`s major problems is the crippling cost of education. It is also a well-known fact that outstanding student fees at tertiary educational institutions have increased astronomically over the past few years. Edu-Loan was established as a vehicle to provide education finance to assist these students. We selected PIC Solutions to conduct this HealthCheck in our credit processing environment to ensure our processes are aligned with new strategies."
David Lewis, Director at PIC Solutions, adds: "During this assignment PIC Solutions consultants will apply their skills and expertise to ensure that Edu-Loan`s credit process operates effectively. The Credit Process HealthCheck aims to review the existing procedures and decision process flow and highlight areas that could be improved to maximise profits. "
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