Athena

Why Principa?

Harness the power of data to inspire and uplift our world

Our vision is to “harness the power of data to inspire and uplift our world ”.

Quite ambitious some may say? Well the truth is our people are ambitious, and we truly believe that what we do can make a big difference in helping business do things better!

Principa started some 20 years back supplying analytical and software solutions to the credit risk sector, a sector that at the time was ahead of the rest in using data to make smart decisions.  Fortunately, the importance of data and the use thereof has moved in leaps and bounds over the past 10 years due to significant technology improvements to both analytics and data platforms, and so has the usage expanded to other industries. Nowdays most large or medium size businesses realise the value of data and utilise analytics in some way or another to improve their business.

The technology or “big data” boom was ultimately the reason for Principa’s new growth strategy. We realised we could help business in many new ways through our ideas, know-how and internal knowledge. Our teams set about looking for problem areas – where we could have a large impact. Our aim, to build and package solutions that solve business problems or open doors to new opportunities. Prerequisites for our innovation were and remain simple – solutions should analytical in nature, be easily understandable, achieve measurable ROI, can be implemented with limited technology challenges and finally – charged at cost effective subscription fees.
 
And here we are today.

So back to why Principa?

Innovation – possibly an overused word in the technology space but to stay ahead it is critical to think out the box. We are constantly looking for business improvement solutions, and by that we mean meaningful and measurable improvement. To back this up, over the past few years we have developed data and software solutions to improve the following areas which have been identified as business problems,

We could go on …

Full Service – our competency is unique. Generally, our competitors are either software people with no analytics experience or great analysts with limited software experience and for the most part our competitors do not have advisory expertise to assist in understanding the business problem. We have consultants, software development and advanced analytics teams under one roof which we believe gives our customers a one stop shop.

Value for Money and Ethics – We know a lot of companies speak about this value but we like to think our customers have the last word.  In terms of ethics, we often talk about selling our solutions to a best friend as the benchmark for an engagement – sales all the way to the end result. 

What People Say About us

“Principa demonstrated a tremendous amount of insight into the industry, and assisted us in identifying certain key areas of opportunity within our policies and procedures. The Principa team has proven to be one that delivers actionable outcomes in a timeous and highly professional manner.”
Credit Operations Director

CAPFIN

“The results of our engagement with Principa have been astounding and we are collecting more at less expense since implementing their recommendations and scorecard. Principa has exceeded our expectations and we would highly recommend their services to anyone in the collections industry.”
Debt Collections

HAMMOND POLE ATTORNEYS

“CollectSmart has helped us manage our bad debt by reducing and actively managing our delinquency. It’s easy to use and evolves through constant updates.”
Collections Manager

BMW GROUP - FINANCIAL SERVICES

“Principa has the ability to structure and simplify complexity and then meticulously drive processes to a common goal. Their consultants are extremely diligent and focused with a wealth of knowledge.”
CEO

BETTERLIFE

“On behalf of Visa International CEMEA Region we would like to thank and commend your team at Principa for your considerable effort in making this project, the biggest Credit Risk Project of this nature undertaken in the Gulf Region, a real success.”

VISA INTERNATIONAL

“Principa has been our preferred analytics service provider for a number of years and has made a significant contribution to our volume growth during this time. We have experienced positive results from their analytics expertise, ability and turnaround times which has translated into higher lead responses, conversions and retentions. We are happy to recommend them as energetic, reliable and trustworthy partners.”

BLUE LABEL DATA SOLUTIONS

“We, Hammond Pole Attorneys, engaged the services of Principa to identify weaknesses in our call center, implement “best practice” processes to improve our effectiveness. In addition, they were asked to design and implement a scorecard to enable us to categorize and identify accounts within certain criteria so as to ensure that the correct process was utilized to collect on the accounts depending on the category. The Principa Consultants completed the exercise on budget and within the time frames agreed to. They engaged with the relevant stakeholders throughout the process, implemented best practice processes and custom built a scorecard to suit our needs. The results have been astounding and we are collecting more at less expense since implementing the recommendations and scorecard. Principa has exceeded our expectations and we would highly recommend their services to anyone in the collections industry.”

HAMMOND POLE ATTORNEYS

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