Profile Software organised a thought leadership and provoking half-day event in South East Europe, with the support of the local authorities aiming to inform banking executives on the new solutions available for Risk Management and Collections. The sessions were entitled “Collections Strategies: Best practices and considerations, from Empirical Approach to Risk Based Collections” and “Credit Risk, and Best Practices for project implementation”.
Profile Software's executives presented the FMS.next Collections solution's capabilities as well as the project experience derived from Risk Management projects in the region which comprehensively address the needs of Financial Institutions in these areas. FMS.next Collections streamlines the entire collection process by implementing a banking specific Collection Strategy. Capability to support targeted, flexible and customer focused Collection Strategy is of paramount importance, needed for reducing write-offs and provisioning, improving cash-flow, and allowing Financial Institutions to enhance their customer relationships, facilitating future sales opportunities. Regarding Credit Risk, Profile Software's experience in numerous Risk Management projects implementations also provides a complete and customisable approach to the emerging needs of the industry for Basel II and III compliance issues covering all industry needs for Risk Calculation and Management. FMS.next Risk Manager provides an integrated and comprehensive framework, fully customisable in order to meet Regulatory amendments and specifications.