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Welcome Finance selects Target software

Welcome Financial Services ("Welcome"), the specialist lender, has selected Target to provide its consumer loan  software and arrears management software.

Welcome will use Target software to process secured loans, unsecured loans and hire purchase agreements with the aim of optimising collections of its loan portfolios.

Robert East, CEO of Welcome commented, "Target's track record in the lending industry and service flexibility in matching systems costs with our reducing loan volumes was key to our decision. Implementing Target's loan administration software will allow us to manage our collections more efficiently with multiple loan products on a single platform, while reducing our overall costs and enhancing collections capability."

Commenting on this win, James Snow, Sales & Marketing Director at Target said, "We're delighted to be working with Welcome and ensuring that our partnership approach helps them to achieve efficient collections. We have outstanding credentials in delivering added value loan administration solutions to help our clients achieve their business objectives".

Published: 10 October 2012

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