The Credit Diagnostic is delivered by CGI credit management and bank operations experts. The service is designed to quickly pinpoint potential issues and devise an actionable plan to help banks improve their financial position by staving off loan losses, minimizing DSO, controlling future credit risk and enhancing the value of their current best customers. The Credit Diagnostic begins with a detailed assessment of the bank's credit processes and structures, evaluated against best practices, competitive performance and current industry standards, enabling the bank to identify a realistic benchmark for controlling losses while positioning the institution for revenue expansion. Next, CGI delivers a set of immediately actionable, tactical recommendations to address strategic issues and help the organization meet its targeted goals.
"In this multidimensional environment, it is imperative to confirm a bank's business processes are as efficient as possible, and that credit policy and risk management strategies are positioned for maximum effectiveness," said Jame Cofran, Senior Vice-President, Banking and Investments, CGI. "CGI credit specialists bring a detailed understanding of the linkage between operational levers and financial performance, and how best to affect those levers for rapid impact."