Released on: October 18, 2007, 12:18 am

Press Release Author: PIC Solutions

Industry: Financial

Press Release Summary: Bruma Finance, a leading microfinance organisation in South
Africa, has strengthened their collections operation with the PIC Collections System
(PCS).

Press Release Body: Bruma Finance is expanding rapidly and this new collections
software is designed to enhance their collections processes and assist in their
implementation of new policies and procedures to meet the requirements set out by
the National Credit Act of 2007.

PCS will provide Bruma Finance with the flexibility required to continue expansion
while reducing the overall costs of running their collections department. PCS has an
intuitive user-interface that facilitate the training of collections personnel.

PCS combines industry best practices, leading-edge functionality and the superior
aspects of several credit management systems into a single powerful and practical
collections solution. PCS also drives collections results by combining
business-controlled segmentation functionally, allocating appropriate,
differentiated actions to individual customer profiles. The system therefore assures
consistency across the board in terms of the handling of customers by collectors. In
addition, the collector applies the company's policy in accordance with managements
business strategy.

Yaron Bernstein, Managing Director of Bruma Finance, comments, "Our new collections
system had to be user-friendly, flexible and adaptable to our collections
environment. PCS enables us to meet our objectives of managing, collecting and
ultimately reducing customer debt. By consolidating our customer communications into
a single database we can ensure that we take the right recovery action for the right
customer, at the right time and we look forward to experiencing the full benefits of
PCS."
Stephen J. Leonard, Managing Director at PIC Solutions, adds, "This robust
collections system is ideal for any collections environment and clients who have
implemented our solution have reported improved collections performance and a
significant reduction in consumer debt write-off."

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.



Web Site: http://www.PICSolutions.com

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