PIC Solutions Agency Management Service boosts Collections Returns

PIC Solutions boosts net return for credit providers by launching innovative new collections product.

By taking advantage of Agency Management Service, the latest addition to the PIC Solutions market leading product range, credit providers can improve their net collections return by up to 14%. PIC Solutions demonstrated this improvement by analysing a South African retailer’s 24-month billing information and compared results with current industry best practice.

This innovative product, developed by PIC Solutions, optimises the outsourcing of delinquent accounts to a number of competing collections agencies to ensure maximum returns. The Agency Management Service also considers multiple factors such as economic, legislative and operational changes to continuously adapt the models being applied.

Applying this methodology to competing agencies, PIC Solutions capitalises on individual agency strengths and assigns account listings suited to an agency’s specific collections methods.

David McAlpin, Chief Executive Officer at PIC Solutions, states, “The Agency Management Service is the latest addition to our product range, and is designed to provide value to all companies that make use of external collections agencies. This new service has been developed with PIC Solutions’ predictive modelling skills and complements our risk management consulting services.”

About PIC Solutions
PIC Solutions is the leading specialist credit risk solutions company in the EMEA region. With offices in Abu Dhabi, Cape Town, Dubai, Johannesburg, Manama and Nairobi, we deliver integrated analytics, consulting and software solutions to over 150 companies in 30+ countries. We work worldwide with organisations to raise their performance, drive their strategies and enhance their profitability.