Johannesburg, 23 Sep 2011
Xpertek client, Centrafin, a user of Xpertek's back-office loan administration solution since 2005, recently implemented Xpertek's workflow system to automate and optimise the efficiency of its business.
Centrafin offers structured finance in the form of rental solutions to blue-chip companies and small business. It acts as a buffer between the applicant and the bank, ensuring the broadest coverage for credit approval.
Since purchasing Xpertek's Acquire back-end solution seven years ago, Centrafin's business growth has accelerated, and it requires improvement in the collections and settlement areas of its business.
Xpertek's Acquire workflow solution replaces a legacy system, no longer supported by its vendor. Acquire workflow enforces deal-loading protocol into the back-office module of Acquire, together with other pre-defined processes and procedures within Centrafin's business.
In the collections and settlement areas of the business, Acquire workflow will bring the following advantages:
New business:
* Improved turnaround times of new business applications
* Streamlined credit approval process
Collections:
* Identify defaulters early
* Take action against defaulters quickly
* Improve staff efficiency
Settlements:
* Large volumes of dealer settlement requests handled without delay or error
* Improved speed of settlement process through automation
Centrafin's Financial Director, Johan Fourie, commented: “Centrafin has had a longstanding 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.”
For further information about Xpertek's solutions and services, kindly contact Barry Leonard, CEO of Xpertek, on (011) 519-3000, or log on at http://www.xpertek.co.za.
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