JD Group Selects PIC Solutions for Risk Management Support

JD Group Limited (JD Group), a leading African multi-chain furniture retailer, has signed an enhanced RiskMentor credit risk management contract with PIC Solutions.

This RiskMentor consulting contract is designed to provide JD Group with ongoing credit and risk management consulting support throughout the forthcoming year. JD Group can utilise resources from any area of PIC Solutions expertise, including credit risk management consulting, analytics and software services for all their credit risk initiatives. The RiskMentor service is on a retainer-basis and ensures maximum productivity, combined with the benefits of fixed monthly budgeting.

Through this RiskMentor contract JD Group has access to a range of turnkey solutions including risk management functions, collections policies, new and existing account profitability analysis and application scorecards validation. These services are designed to allow JD Group to capitalise on PIC Solutions expertise, enabling them to implement effective policies and procedures focused on delivering bottom-line business benefits.

Philip Kruger, Group Executive of Credit at JD Group, comments, ?The flexibility of this RiskMentor relationship will enable us to minimise business risk and achieve our strategic objectives. PIC Solutions understands the dynamics of the South African retail credit industry and their skilled resources will provide significant value and expertise to our initiatives.?

Stephen Leonard, Managing Director of PIC Solutions, adds, ?This RiskMentor contract is designed to provide JD Group with additional expertise to address the challenges they face in a competitive South African credit environment. Our experienced risk consultants will work across a wide range of their business sectors and we look forward to adding significant value to their new initiatives.?