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Cape Town, Western Province, South Africa, 2007/06/19 - Edcon, Africa’s largest fashion retail group has gone live with the latest version of TRIAD adaptive control system (NYSE: FIC).
TRIAD from Fair Isaac Corporation is the premier adaptive control system for lenders that combines software, actionable analytics and optimisation techniques to effectively manage 44 billion account and customer management decisions globally each year. TRIAD 8 is the first portfolio management solution to combine industry-standard account and customer strategy management capabilities onto a single platform. This cutting-edge system provides significant innovations that increase user control, precision and speed to lenders' account and customer management strategies.
PIC Solutions strategy consultants worked closely with Edcon to ensure an upgrade to TRIAD 8. Through TRIAD 8, Edcon now responds rapidly to customer changes and can update and maintain their corporate strategies and policies. In addition, the system will lead to enhanced individual account level treatment in strategic decision areas and increase Edcon’s overall portfolio profitability.
Ian Wood, Group Financial Services Executive at Edcon, states, “PIC Solutions strategy consultants worked closely with us to ensure that this TRIAD upgrade was implemented. TRIAD 8 has significantly added to our account management capabilities by providing additional, easily deployable testing capabilities for existing accounts. This functionality provides us with a sound foundation from which to launch strategies at either an account or customer level. In an ever increasing competitive market, it is extremely important to be at the forefront of technology in order to adapt our lending strategies with minimal lead times and TRIAD 8 provides us with this capability.”
Stephen Leonard, Managing Director of PIC Solutions, comments, “We are committed to providing leading-edge solutions that add value to our clients’ businesses on both the operational and strategic front. TRIAD 8 optimises this by providing client flexible software with the ability to deploy strategies, whether at an account or customer level. This best-of-breed technology is used by more than 80% of credit card issuers in the US and UK and we were pleased to work with Edcon on this assignment and ensure that TRIAD 8 effectively supports their business decisions on all levels.”
About Fair Isaac
Fair Isaac Corporation (NYSE: FIC) combines trusted advice, world-class analytics and innovative applications to help businesses make smarter decisions. Fair Isaac’s solutions and technologies for Enterprise Decision Management turn strategy into action and elevate business performance by giving organizations the power to automate more decisions, improve the quality of their decisions, and connect decisions across their business. Clients in 80 countries work with Fair Isaac to increase customer loyalty and profitability, cut fraud losses, manage credit risk, meet regulatory and competitive demands, and rapidly build market share.
About PIC Solutions
PIC Solutions provides consumer credit solutions to a wide range of blue-chip organisations. We are experts in the fields of credit, risk and software and have an established track record of success powered by solutions.
PIC Solutions is the Fair Isaac alliance partner for the Africa Middle East region and from offices in Cape Town, Dubai and Johannesburg, provides all sales and support for the entire suite of Fair Isaac products and services. This includes consulting, project management, integration services, first line software support and ongoing maintenance.
Our ongoing commitment is to enable clients to optimise the credit life cycle.