PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: PIC Solutions

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Enhanced Benchmarking Service for Retailers - PIC Solutions has unveiled an additional dimension in their South African Retailers Benchmarking Service (SARBS)
Enhanced Benchmarking Service for Retailers

 

NewswireToday - /newswire/ - Cape Town, Western Province, South Africa, 2007/09/13 - PIC Solutions has unveiled an additional dimension in their South African Retailers Benchmarking Service (SARBS).

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

SARBS provides a quarterly report which tracks trends across multiple portfolio measures by which subscribers benchmark their credit products against best practices and their retailer peer group.

SARBS originates from the long-standing relationship that PIC Solutions has with the clothing retailers in South Africa. The service has been designed to evolve and change as additional measurements and reporting aspects are included. This latest SARBS development is part of the overall drive to constantly enrich and add value to the total offering available to retailer subscribers.

This benchmarking is of strategic value to credit retailers for plotting their progress against their industry peers in changeable economic times. For example, there may be an overall increase in delinquency for the industry as a whole, but when delinquency within one organisation increases at a slower rate; it would suggest that the latter retailer has a better quality portfolio. SARBS enables credit lenders to gauge whether their business is improving or not in relation to the rest of the industry. Credit grantors would not be able to evaluate their performance against the rest of their industry without measuring their performance. Also, meaningful measurement would be impossible without access to accurate data collated and provided by SARBS.

As of September the SARBS report will include a 36+ months on books segment.

This segment contains older, more established accounts where there is a higher likelihood of inactivity and attrition. It is of importance when considering existing levels of South African household debt and the Reserve Bank’s increasing rate of repossessions.

Going forward, subscribers will now be able to analyse portfolio performance and identify gaps in strategic operations across these three important segments:

• 36+ months on book (the new segment added to the reporting output)
• 13 to 36 months on book
• Up to 12 months on book

The 13 to 36 months on book segment of the report covers the established accounts where the majority of activity occurs.

Having a segment for new accounts (those up to 12 months on book) enables SARBS subscribers to track the performance of new business independently of the total population. The National Credit Act of June 2007 has brought pressure to bear on new account volume growth and therefore this section will become even more important in the forthcoming months.

Now used by the five major South African clothing retailers, this service is considered to be the industry benchmark for private label retail cards and reports on 90+% of the cards in the industry.

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.

Our ongoing commitment is to enable clients to optimise the credit life cycle.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: PIC Solutions

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!


Enhanced Benchmarking Service for Retailers

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Sarka Svoboda 
+27 (0)21 680-6000 Info[.]PICSolutions.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any PIC Solutions securities in any jurisdiction including any other companies listed or named in this release.

Financial/Legal/Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From PIC Solutions / Company Profile


Read Financial/Legal/Venture Most Recent Related Newswires:

Infinera to Participate in Upcoming Investor Conference
Propel Financial Services Partners with Clear Payment Solutions
Digital Payments Power Growth in Booming Asia-Pacific Financial Technology Landscape Notes Frost & Sullivan
Digital Readiness Key to Growth Opportunities in the Financial Services Market
Prairie Capital Advisors Announces The Sale of Cornerstone Treatment Facilities Network to An ESOP
Koch Agrees to Invest Over $2 Billion in Infor
FTI Consulting Recognized as a Top Service Provider in the Legal Industry
GE Completes Spin Off and Demerger of Bank BPH Core Bank to Alior Bank
ALM Expands Senior Leadership Team, Organization Focused on Customers and Transformation
Lazard Acquires Remaining 50% Stake in MBA Lazard - Fully Integrating its Latin American Operations
Western Union Business Solutions Announce Mark Davis As Head of Australia and New Zealand
Tabarak Investment Capital and Elite Capital & Co. Limited in Discussion to Finance Projects
Consulting Magazine Unveils the Profession’s Fastest Growing Firms At Inaugural Gala
Hills Invest Signs An Agreement with The Afore Profuturo in Mexico
TRA Searches for TPA Acquisition Opportunities

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Triggr & Bloom

Visit  NAKIVO, Inc.





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)