BACKGROUND

In 2008 Tripple Option Trading acquired Risk Assessment Services and the merged operation is now known as RAS. Therefore, businesses can leverage Tripple Option Trading’s business intelligence capabilities and local experience. RAS has developed a unique, easy-to-use high-tech system of risk analysis, profiling and tracking. With these world-class solutions and exceptional service, RAS is able to assist South African businesses to manage their risk more effectively.

The initial aim of the RAS project was to analyse the trend of bad debt in non-corporate businesses and the financial risk factor involved in order to find a solution. A survey indicated that indeed a solution was required in this particular market segment and as a result, a commitment was made to develop and implement the necessary systems.

OUR TRACK RECORD

The business growth has exceeded expectations and clients such as The Oil Shoppe, Coastal Hire, Talisman, House of Paint, E-Mart, Steve’s Auto Clinic, Natal Builders Supplies, @Office World amongst others, are making use of our services. The list is growing continuously as more and more businesses realize the necessity in utilizing our solutions.

THE SYSTEM

• Consumer Information enquiries are processed electronically on RAS’ web-based platform by the Merchant when accounts, re-payment extensions or cheques are considered as payment method.
• The result, being a history pattern based on a consumer’s previous transactions as supplied by various retailers and financial services providers, is generated and immediately streamed back to the Merchant enabling him to assess any potential risk involved prior to accepting the payment method as well as the delivery of goods or services.
• Training and support, on how to analyse and interpret the electronically obtained Consumer Information enquiry correctly, is given by RAS.