EQ Riskfactor reduces RBS site audits by a staggering 70% Equiniti Riskfactor, is the leading provider of risk management and fraud analytics software for the global commercial finance industry. RBS Invoice Finance is part of the Royal Bank of Scotland Group and is one of the largest providers of invoice finance in the UK. Equiniti Riskfactor provides RBS Invoice Finance with market-leading risk management software to manage their large and diverse portfolio of SME, commercial and corporate customers. Risk based approach to risk management RBS Invoice Finance has worked with Equiniti Riskfactor for nearly twenty years and this informal ‘partnership’ continues to be an integral part of RBS’ risk management processes, working collaboratively to develop a smart and risk based approach to risk management. Equiniti Riskfactor enables RBS to spot emerging risks earlier and highlights issues so that RBS has time to intervene and turn problems around, benefiting its clients and reducing bad debts. Site audits reduced by 70% Over the course of three years Equiniti Riskfactor helped RBS to reduce their site audits by a staggering 70%, moving away from periodic audits based on size of facility to a risk score and problem flagging approach to resource deployment. This led to substantial cost-savings and more targeted field audit activity. Resources are allocated to the areas and clients which need the most attention and this helps ensure audit work not only protects RBS’s investments but also adds value for its clients. Reporting RBS uses Equiniti Riskfactor to drive daily, weekly and monthly Portfolio Management and Risk Support routines including risk score movement, cash levels and erosions. This access to timely data and clear reporting templates allows information to be easily shared around the organisation and any deteriorating profiles are instantly detected. In a busy environment with each day bringing new priorities, Equiniti Riskfactor really does highlight the material emerging risks. Equiniti Riskfactor has undoubtedly played a big part in our record of keeping impairments consistently low.” ALEC RANKIN, DIRECTOR OF PORTFOLIO MANAGEMENT, RBS INVOICE FINANCE LTD EQUINITI RISKFACTOR CLIENT SINCE 2001

EQ Riskfactor reduces RBS site audits by a staggering 70% · PDF fileEQ Riskfactor reduces RBS site audits by a staggering 70% Equiniti Riskfactor, is the leading provider of risk

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Page 1: EQ Riskfactor reduces RBS site audits by a staggering 70% · PDF fileEQ Riskfactor reduces RBS site audits by a staggering 70% Equiniti Riskfactor, is the leading provider of risk

EQ Riskfactor reduces RBS site audits by a staggering 70% Equiniti Riskfactor, is the leading provider of risk management and fraud analytics software for the global commercial finance industry.

RBS Invoice Finance is part of the Royal Bank of Scotland Group and is one of the largest providers of invoice finance in the UK.

Equiniti Riskfactor provides RBS Invoice Finance with market-leading risk management software to manage their large and diverse portfolio of SME, commercial and corporate customers.

Risk based approach to risk management RBS Invoice Finance has worked with Equiniti Riskfactor for nearly twenty years and this informal ‘partnership’ continues to be an integral part of RBS’ risk management processes, working collaboratively to develop a smart and risk based approach to risk management.

Equiniti Riskfactor enables RBS to spot emerging risks earlier and highlights issues so that RBS has time to intervene and turn problems around, benefiting its clients and reducing bad debts.

Site audits reduced by 70% Over the course of three years Equiniti Riskfactor helped RBS to reduce their site audits by a staggering 70%, moving away from periodic audits based on size of facility to a risk score and problem flagging approach to resource deployment. This led to substantial cost-savings and more targeted field audit activity.

Resources are allocated to the areas and clients which need the most attention and this helps ensure audit work not only protects RBS’s investments but also adds value for its clients.

Reporting RBS uses Equiniti Riskfactor to drive daily, weekly and monthly Portfolio Management and Risk Support routines including risk score movement, cash levels and erosions. This access to timely data and clear reporting templates allows information to be easily shared around the organisation and any deteriorating profiles are instantly detected.

In a busy environment with each day bringing new priorities, Equiniti Riskfactor really does highlight

the material emerging risks. Equiniti Riskfactor has undoubtedly played a big part in our record of

keeping impairments consistently low.”

ALEC RANKIN, DIRECTOR OF PORTFOLIO MANAGEMENT, RBS INVOICE FINANCE LTD

EQUINITI RISKFACTOR CLIENT SINCE 2001