credit management

Credit issues in Britain are never far from the headlines and it is more critical than ever for organisations that extend any kind of credit line to manage their exposure as well as possible. 

In Financial Services, the last 10 years has seen unprecedented growth in unsecured lending bringing the high of healthy book volumes. The other side of this has been increasing bad debt and personal insolvencies resulting in lower return on capital and higher write-offs.  For other less obvious lenders such as utilities, telcos and insurers/guarantors the requirement to manage credit has never been more important, and each sector has its own specific hurdles to jump.

Frequently changing regulatory constraints and reduced consumer ability to pay all pile on the pressure - so just how do credit departments respond?

strategy

Credit management strategies can be run using various systems and manual processes. But are those strategies running optimally according to your desired outcomes?

systems

Do your systems operate under a single strategy? Does each system have its own defined function? Are rules repeated across systems? Getting your systems running in harmony doesn't have to cost the Earth.

But if you do have time and money to spend we can take a look at what where you're at and recommend the best set up for your budget and deadlines.

data

So often projects are delayed or littered with caveats because the data used are frankly a mess. And whilst a beautiful data warehouse may be the ultimate answer, it isn't the only one. The key is to make changes that organise your data to make it possible get the benefit sooner rather than later. Sure you can still build the data warehouse but avoid being crippled by poor data in the meantime.

hosted decisioning

For those companies just starting out or just beginning to get to grips with their debt issues, it can be a daunting task to get everything in place. At Jaywing we already have a software and hardware infrastructure in place to host credit and business rules and decisioning. This uses a range of our existing products and is tailored to each client's requirements.

a different approach…

We have a great deal of experience of credit management systems and processes, the practicalities and outcomes and it is often apparent that simply throwing more resource and money at the problem doesn't have a deal of impact on the organisation or its customers.  There are so many reasons with today's technology why that is so.  With that in mind, we offer a low cost, highly automated model that uses personal interaction only where a positive outcome is highly likely.  Which allows you to follow aggressive growth strategies without the typical operational constraints.