By THEPHILBIZNEWS STAFF
Any business venture entails risk and in the Philippines, many companies gear up for expansion after dealing with the brunt of the pandemic.
Forging strategic alliance between different corporations becomes necessary and practical with an end in mind that projects can be accomplished easily with joint resources and combined experience.
However, for some enterprises that prefer to go solo on the venture, they take other options like availing of loans which entails assessment of the company’s financial capability and the debt-to-equity ratio which varies depending on the industry.
Hence, the need for risk assessment in identifying the viability of the business and the potential failure must all be taken into consideration before one gets in the investment decision and granting of the loan.
Cognizant of the challenges in the business that leads to the default in payment of the loans and other financial obligations of the company to financial institutions or venture partner, UK’s financial technology EXUS eyes the Philippine market and provides the necessary support to optimize its collections operations, through a data-driven, and zero customizations approach.
Brandishing its two decades of experience working with banking and finance institutions across four continents, EXUS helps Financial Institutions and Utilities improve their debt collection results through state-of-the-art technology.
Through EFS (EXUS Financial Suite), the product offers comprehensive software that manages credit risk along the whole lifecycle of accounts.
With headquarters in London, UK and a research & development centre in Athens, Greece, EXUS supports organizations in more than forty countries to improve their debt collection results, by introducing simplicity & intelligence in their business processes through state-of-the-art technology. EXUS is the only vendor consistently ranked as best in class by independent advisors, such as CEB/Gartner and Oliver Wyman.
EXUS aims to collaborate not just with various financial institutions in the Philippines and also in the region, but also with other companies that may need its service.
In all the countries where EFS is deployed, there is a need to cover both the business needs of the organization as well as the requirements of the local regulatory framework. EXUS Financial Suite (EFS) the collections platform, has the required flexibility to implement different, complex business processes due to the variety of tools that are provided to the end users. EXUS, for almost two decades, has a clear and consistent focus on one and only core competence: debt collections technology.”