There needs to be a focus to reduce NPLs since they are always a subject of worry for banks.
The consequences of NPLs on lenders’ profitability is twofold:
– a net loss on loans not recovered, and
– an increase in costs as managing NPLs is extremely time consuming, due to paper-intensive workflow and an abundance of manual tasks
Our Loan Management System and Decision Engine, together with AroTRON, can support your efforts to reduce the net loss on loans not recovered, to improve the debt collection actions.
One of the top benefits brought to our clients is substantially decreased NPL management costs. Paperless workflows, minimised manual tasks and monitoring / reporting the costs are the feedback from our clients.
Contact us to discuss how we can assist your NPL management and reduce your worries.
Another great event by SmithNovak is fast approaching, this time in our hometown! We are proudly sponsoring the NPL Greece event on 8 June in Athens. Looking forward to seeing Antonis Bayias, Advisor to the Board, on stage sharing his thoughts at the Technology panel. See you there!
Another year, another great collaboration with SmithNovak NPL Europe London, where we are proud sponsors! Looking forward to our annual meeting in London, to exchange insights and talk about the latest market trends. Our own Jarmo Kesanto, International Business Development Manager Relational FS, will go on stage to chat with other market experts at the “Collections Technology” […]
We are pleased to announce that Relational is becoming an Atlassian Solution Partner. This partnership is a result of the merger agreement between Cententia and Relational and follows the process of transferring all related activities and personnel of Cententia to Relational. Cententia has been an Atlassian Solution Partner since 2007, offering high-quality consulting & development […]