Netris Automates Credit Portfolio Management in Sovcombank Print E-mail

Netris, a leader in software development and system integration in IP communications and banking solutions, and Sovcombank have announced today the launch of IPSoft DebtCollection, a risk management system. Under a long-term contract Netris has installed system for retail loans overdue payments processing and will provide customer support and system development.

IPSoft DebtCollection is a flexible, reliable and effective platform that provides optimization of defaulting debt collection. Using high technologies Netris created an advanced tool for credit files processing management. The basic advantages of the product are easy and quick system installation, flexible settings and operational comfort. IPSoft DebtCollection connects regional offices to the central Defaulting Debtors Database. That is a very useful product for banks with a wide branch network.

IPSoft DebtCollection implementation in Sovcombank allows bank officials in any of 70 offices, situated in 7 regions, to access the central Defaulting Debtors Database. System operators obtain troubled loans and customer information, debtor’s interaction history and list of relevant procedures. That allows to distribute credit files among bank officials easily and inform them about the credit file current status. This process structure reduces time spent on credit files processing and increases the department’s efficiency.

“Sovcombank is interested in constant increase of retail loan portfolio quality and that is impossible without implementation of high tech risk management tools,” says Konstantin Milevskiy, Sovcombank Deputy Board Chairman. “IPSoft DebtCollection meets our needs and all modern market requirements for quality and functional capabilities.”
“Under economic and financial crises conditions the role of risk management systems used by different financial institutions has increased greatly. IPSoft DebtCollection, a debt collection management system, is one of the most interesting systems from economical and financial point of view,” says Alexey Bugay, Netris CEO. “We are sure Sovcombank to have made a right choice implementing the system right now, when banks are in special need of overdue payments strict control and expenses reduction.”

About Sovcombank

JSC ICB Sovcombank (www.sovcombank.ru), founded in 1990, operates under general banking license № 963 issued by the Central Bank of the Russian Federation. Its long-term obligation rating is B3 (Moody`s Investor Service).  Sovcombank is a leading bank in the financial group consisted of Regional Credit Bank and a network of credit agencies ARKA. Sovcombank finance group includes more than 150 offices and provides services in more than 20 subjects of Russian Federation. In October, 2008 the bank assets were 22,8 billion rubles; equity funds – 3,3 billion rubles; retail loan portfolio – 10.9 billion rubles.

About Netris

Netris (www.netris.ru) is a leader in software development and system integration for service providers and banking sector. The company’s products and solutions are released under IPSoft trademark. On the Russian market this trademark has been known for more than a decade.

The basic Netris customers are telecommunication companies and banking institutions that try to improve their efficiency by using high technologies. Netris provides advanced debt collection solutions with IPSoft DebtCollection as a core component. This proven best-of-breed platform is the key element of Netris’ solution portfolio which also includes IPSoft iVision IPTV Middleware, IPSoft iVision PC Solution, IPSoft iStream Video Server, IPSoft Distributed Media Architect and IPSoft Order Management System. Today Netris’ products are deployed at the most significant banks in Russia such as Russian Standard Bank, Severnaya Kazna Bank (Alfa Bank), Sovcombank.