Press Release: Exus : EXUS' Financial Suite Recognized as a "Best-in-Class" Loan Collections System Solution

Dubai, UAE, May 2, 2016: EXUS today announced that its Financial Suite software was profiled in a recent CEB TowerGroup analyst report, "Loan Collections Systems Technology Analysis," as being a "best-in-class" solution, for core collections, enterprise technology and customer management. The report, published in March 2016, is the first ever global technology analysis of loan collections systems by an industry analyst firm. Fifty vendors were considered in the preliminary phase, with fourteen vendors selected for the final evaluation report. CEB's analysis and comparison framework employs a five-point rating system on which individual systems are scored. The report identifies 22 attributes that define a "best-in-class" system and groups them into four categories that reflect organisations' needs around debt collections. Top performing systems identified in each of the 4 categories are given a of "best-In-class" recognition. Non-Performing Loan rates have been deteriorating on a global level and bank executives are stating their intention to increase IT expenditure for specialised debt collections systems. Middle East banks have also been experiencing the effect of the credit crisis for some time now. Through multiple implementations of EXUS Collections software and a regional office in Bahrain, EXUS has gained deep understanding of the specific requirements and best practices for collections in the region. As the ...