Re: Implementation of Profitera PowerAps for Bank NIAGA 's NICOLLS Project - Niaga Collection System
On behalf of the Bank Niaga Collection project team, I would like to express my appreciation and gratitude to the Profitera team for succesfully completing the project "On-time and within Budget".
As a result of NICOLLS Project,Bank Niaga is now able to increase the Consumer Banking Loans Collection and Recovery more effectively, track & measure the NPLs reduce provisions for bad debt and improve operational risk management better.
YES CERTIFIED with the following products:
Operating Systems:
SUSE® LINUX Enterprise Server 9 for x86
Product Description
Profitera Applications Suite is a suite of applications, which facilitates
the entire Revenue Collections Management and Debt Recovery lifecycle.
Profitera PowerCollect is a Java based Revenue Collections and Debt Recovery
system, which provides a profit-centric holistic view of all customer
information and interaction and enables payment management, such as configuring
installment plans and payment modes, which suit the customer's needs and
ultimately securing promises to pay. It helps automate and streamline
the Revenue Collections and Debt recovery Management processes, helping
organizations reduce bad debts, improve cash flow
and lower days of receivable outstanding.
Business banking continues to be challenging with strong
competition but the bank continues to achieve an increase in trade financing.
The bank's asset quality continued to improve with the net non-performing
loans to total loans ratio reducing to 4.7 per cent from 5.4 per cent
as at June 2004. This was mainly due to the emphasis on prudent credit
management and intensive collection efforts.
The bank is well-capitalised with a risk-weighted capital ratio of 16.8
per cent, significantly above minimum statutory requirement of 8 per cent.
The bank's net non-performing loans to total loans ratio improved to 4.9
per cent from 5.4 per cent as at June 2004.
The bank attributed this to its emphasis on credit quality and more
focused collection efforts.
Its risk-weighted capital, meanwhile, remained strong at 18.4 per cent,
down from 19.0 as at June 2004. The lower risk-weighted capital was due
to the dividend payout and accounting for treasury shares. As at the end
of 2004, the bank's treasury shares stood at 4.97 million shares valued
at RM25.7 million.
An interim gross dividend of 8.5 cent per share has been recommended for
the current period.
Note: Hong Leong Bank Berhad (HLB) is a customer of Profitera Corporation.
As its evident from article above, Profitera's PowerCollect Solution has
helped HLB to increase its profits by improving the collection processes.
Conratulations on the successful completion of Electronic
Enhancement of Receivables Realization (ER2)
We wish to congratulate you and your R&D team in completing the Electronic
Enhancement of Receivables (ER2) successfully.
The Technology and Commercial Evaluation Committee are satisfied with
the outcome of the project and certified that the
Electronic Enhancement of Receivables Realization (ER2) has met all the
deliverables as stipulated in your approved MGS application.
Congratulations on the successful completion of Electronic Enhancement
of Receivables Realization.
We wish to congratulate you and your R&D team in completing the Electronic
Enhancement of Receivables Realization (ER2) successfully.
The Technology and Commercial Evaluation Committee are satisfied with
the outcome of the project and certified that the Electronic Enhancement
of Receivables Realization(ER2) has met all the deliverables
as stipulated in your approved MGS application.
As the current Head for the KL Credit Management Unit (CMU) and the former
Project Manager of WebOne project,
I can say with full confidence that TM's Credit Management Division (CMD) is
actively using your deployed systems
for the purposes of Credit Collection and Revenue Recovery Management, where
hundreds of millions of ringgits
are collected each month using your provided systems. As you know, the TCMS
environment has about 300 Collectors
nationwide at about 22 separate locations whereas the Web one system has an
additional 100 users, some of
whom manage the large corporate customer relationships, nationwide. We have
been actively using both TCMS and
WebOne since 2001 and continue to use it on a daily basis to-date
SalesLogix are pleased to advise that your company has been selected from 40
other partners as the winner of our annual Customer Service Award for 2000.Congratulations
on your outstanding achievement on winning this award in your first year as
a SalesLogix business partner, against more experienced competition.
Does your Collections & Recovery process leverage any form of " Behavior or Collectability Score" to determine who to target your recovery efforts on?3855 votes
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