Press Release Summary = Cape Town, 7th August 2007 - RCS Vehicle Finance (RCS), a division of the RCS Group, has launched an innovative vehicle finance offering that is hosted by ACET Processing, the pre-eminent outsourced consumer finance solutions provider in Africa.
Press Release Body = The RCS Group is an independent financial services organisation offering retail credit and personal finance to South African consumers through cards, loans and other financial services products.
ACET's unique processing solution was selected by RCS to host the vehicle loans portfolio due to the combination of world-class technology and ACET's unparalleled skills base. The ACET platform is based on VisionPLUS® from First Data International, the world's most trusted account processing system and provides a broad spectrum of packaged and customised processing solutions that are underpinned by system reliability and service excellence. In conjunction with VisionPLUS, established ACET Processing customers benefit from the use of Fair Isaac's account management strategy software, TRIADT, thereby improving customer targeting and enabling smarter, more effective use of operational resources.
In order to remain cost-effective and competitive, most organisations are considering outsourcing as a vital tool for taking new products to market and to meet the ongoing, evolving needs of their consumer finance portfolios. ACET Processing provides full customer and account processing services to retail credit and financial services organisations.
Regan Adams, Business Development Director at RCS, comments, "By outsourcing our Vehicle Finance loans portfolio to ACET Processing, RCS was able to successfully launch this new product into the market. RCS looks forward to expanding our relationship with ACET to encompass new opportunities in the future."
Mike Crawley, Managing Director at ACET Processing, adds, "More and more companies are reassessing their approach to information systems and following the global trend of outsourcing non-core activities to companies that are specialists in the particular field. ACET is uniquely positioned to provide our customers with the world's leading consumer finance processing system, VisionPLUS, and the in-depth and specialist skills of our consultants at a competitive price point."
About ACET Processing With offices in Cape Town and Johannesburg, ACET Processing offers clients across Africa access to both the VisionPLUS® account processing system and the TRIADT account management solution. ACET Processing is jointly owned by PIC Solutions, the largest credit risk management consultancy based in the CEMEA region and First Data International. Through this unique combination of proven state-of-the-art credit and risk systems, world-class third party processing expertise and established customer management solutions, ACET Processing provides clients across Africa with an unsurpassed range of services. For more information, visit the ACET Processing website at www.ACETProcessing.com
Editorial Contact: Mike Crawley Director Tel: +27 (0)21 680-6000 Fax: +27 (0)11 680-6003 Email: Info@ACETProcessing.com Web: www.ACETProcessing.com
Web Site = http://www.PICSolutions.com
Contact Details = PIC Solutions Birkdale I River Park Liesbeek Parkway Mowbray 7700 South Africa Tel: +27 (0)21 680-6000 Fax: +27 (0)21 680-6003 Email: Info@PICSolutions.com
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