CEO MONTHLY / ISSUE 3 2023 11 Jan23399 Non-performing loans (NPL), where scheduled payments cease, are more commonplace than you might imagine. Sources estimate that in 2021 the average percentage of loans not being repaid worldwide was over 6%. With the present economic climate, this could be set to rise. As a business or financial institution, the way in which you manage debtors can be crucial to your continued success. One business that is ready to take the reins when it comes to debtor challenges is Si Collection. The company provides a range of services to enable its clients to enhance their credit profiles and control risk. Simone tells us, “Our team believe in the value of their work. Each team member is passionate, enthusiastic, and motivated to achieve results. We aim to delight our customers and contribute to keeping the company solid and prosperous.” The company is currently owned by UK based Alchemy Partners, a Private Equity Fund with an impressive track record of investments. Si Collection numbers among its clients such household Milan-based credit enhancement company, Si Collection, has been helping businesses and financial institutions improve their credit profiles for 30 years. Known for its transparency and reliability, Si Collection tailors its approach to the requirements of each of its clients. Its CEO, Simone Caraffini, is our Most Influential Financial Services CEO 2023 – Italy. We take a look at the company in more detail. names as Electrolux, Ford, New Balance, E.ON, Volksbank and KRUK Group. Si Collection’s services span the life of a loan, from the initial application through to collection and, if required, legal action. Prevention being better than cure, Si Collection offers a credit checking service. This enables its clients to understand whether it’s prudent to enter into a commercial relationship as well as assess risk and make a decision about guarantees. Simone explains, “Our credit checking service is one-ofa-kind. It’s built on historical data and the experience of bad payers. It’s an excellent system to help clients avoid acquiring risk and the negative effect that credit losses have on their results.” Inevitably, companies and financial institutions still need help to recover outstanding debts, and Si Collection excels in this area too. The more time that passes, the more difficult it becomes to recover a debt. Simone tells us, “That’s why we’ve made speed one of our cornerstones. We’ve defined specific procedures for each stage of credit management. Quick and precise action increases success and generates higher levels of performance.” Integrating each client’s internal processes with its own, Si Collection creates a strong synergy between the company and its clients. This enables the client to escape the continuous loop of reminder activities. Simone says, “For the most non-performing loans, those with a maturity of more than 12 months, we take charge of the customer’s credit management cycle with complete autonomy. This keeps costs down and enables us to operate in the most time-efficient and accurate manner.” Providing a range of outof-court recovery services throughout Italy and a dedicated phone collection team, the company also offers legal assistance. So what is the key to the company’s success? Simone explains, “For over 30 years we have been managing the impaired loans of the most important banks and financial institutions in the country. Our record is excellent. We’re able to maximize results even in the worst situations. “We use a real-time monitoring system allowing documents to be managed and consulted at any time. For credit collections, we count on our nationwide network of agents who specialise in door-to-door recovery. Our result-oriented master legal team also uses cutting-edge operational processes and tools.” Thanks to its unique technology platform and credit management and recovery capabilities, Si Collection is also the ideal partner for investors specialising in the nonperforming loan sector. Si Collection manages crises and transforms the into opportunities. To find out more, please visit the company website. Contact: Simone Caraffini is CEO Company: Si Collection Web Address: https://sicollection.it/ Would You Credit It?
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