Ellerine Holdings (Ellerines), one of Africa's leading furniture retailers, has selected PIC Solutions to develop application scorecards for its universal retail/value retail, rainbow loans and traditional credit retail division portfolios.
Ellerines has subsidiaries covering both rural and urban areas across six countries in southern Africa: Botswana, Lesotho, Namibia, South Africa, Swaziland and Zambia.
As testimony to the diversity of its operations, Ellerines is positioned to take full advantage of further growth opportunities across all LSM groups, both in the credit and cash retail markets.
Scorecards are a vital tool for organisations impacted by the challenges of the National Credit Act. This application scorecard assignment aims to aid Ellerines as it implements new policies and procedures to meet requirements set out by the Act.
During this analytical project, members of the PIC Solutions predictive-modelling team will work closely with the organisation's risk management personnel to ensure the successful implementation of the new application scorecards.
Danie Colyn, Group Director, credit control, Ellerine Holdings, states: "We are growing extensively and through these scorecards we will enhance our applications processing capabilities and ultimately improve our business results. Our organisation is intent on implementing new policies and procedures to meet the requirements of the National Credit Act. PIC Solutions' analytical team will use their considerable expertise to develop an effective modelling solution that caters for the challenges we face in a dynamic marketplace."
Eva Neves, Department Head, modelling, PIC Solutions, comments: "Our experienced modelling team understands the challenges impacting the South African market and these new scorecards will be designed to meet all business and legal requirements. The application scorecards will enable Ellerines to effectively manage the risk of its various portfolios and improve business success."
Share