CONVERT EMPLOYEES\u2019 DEBT INTO SAVINGS<\/p>\n
With the increasing indebtedness of South Africans and over 2 million garnishing orders in place, employers are being faced with increased absenteeism, low morale and unrealistic expectations come salary increase time.<\/p>\n
Theuns Hanekom, co- founder of Blue Oak Systems, recently launched RESET. The web-based online application empowers employers to assist employees to \u2013 wherever possible \u2013 convert debt into improved personal monthly cash flow.<\/p>\n
\u201cThe RESET approach is not about consolidating debt with a maximum loan \u2013 that is not always possible and often unrealistic and does not necessarily yield the greatest savings. RESET is however about establishing a debt structure which delivers the maximum monthly savings or improved cash flow for the employee,\u201d says Hanekom.<\/p>\n
He points out that putting extra money in an employees\u2019 pocket can have a marked effect on morale \u2013 thus addressing turnover rates, absenteeism and overall employer \u2013 employee wellbeing. Morale has drastically been affected for the worse, as the deterioration in economic conditions have affected employees and employers. Employees are desperate for a salary increase at a time when many companies cannot afford increased costs \u2013 and this creates a negative working environment. RESET can often unlock that extra cash flow needed by the employee.<\/p>\n
The RESET application is very simple and takes a few minutes to complete.<\/p>\n
\u201cFirstly, RESET is conducted in a secure online environment. It\u2019s convenient and efficient. The employee captures his or her ID number and RESET collects the essential information on current unsecured debt from the Credit Bureau. RESET then calculates what consolidating loan amount the employee would require and which accounts, if settled, would yield the maximum monthly savings \u2013 the savings amount is provided to the employee within minutes. If the savings are deemed sufficient, then the employee moves to phase two which involves a specific report on how the savings can be realised,\u201d says Hanekom.<\/p>\n
They can then either approach their own bank with the debt re-structure plan or move to the next phase which involves Blue Oak Systems handling the transaction A-Z on their behalf.<\/p>\n
Blue Oak Systems charge a nominal fee for each of the vital online phases but are happy to discount the fees if employers are willing to subsidise employee use of RESET as part of their Employee Wellness\/Assistance Programmes.<\/p>\n
\u201cThe indebtedness of South Africans has a significant effect on productivity and the motivation levels of employers,\u201d Hanekom adds. \u201cThe problem is only going to increase as many consumers can no longer access additional loans. RESET cannot uncover savings in all instances, but in most cases it will show you how to reverse a negative monthly cash flow into savings of up to R10 000 per month or more.\u201d<\/p>\n
NOTES TO THE EDITOR
\nTheuns Hanekom has owned both mortgage origination and debt consolidation businesses before
\nco-founding Blue Oak Systems and establishing a different approach which focuses on unlocking savings from debt through their online application RESET.<\/p>\n
RESET is a secure, online application which provides the consumer with telling and objective answers in a matter of minutes \u2013 the intention is to calculate the maximum amount of monthly savings that can be achieved by taking the minimal consolidating loan. The easy RESET process is as follows:
\n\u2022 The consumer logs in and registers, providing their identity number.
\n\u2022 After payment of a nominal fee online, RESET establishes the maximum monthly savings which can be achieved, based on a report from the Credit Bureau. RESET also calculates the likely loan that the consumer will be granted by their bank.
\n\u2022 If the savings amount is worthwhile, the consumer pays a second amount online and a detailed plan is presented which indicates (a) the minimum loan required to (b) settle the accounts which (c) will result in the greatest monthly savings. The consumer can then present this plan to
\ntheir bank.
\n\u2022 Or, for a further fee, Blue Oak Systems will arrange the entire fulfilment A-Z.
\n\u2022 In some instances, the savings are negligible, but in many cases one can see an improvement in monthly cash flow from a negative situation to R10 000 or more per month.<\/p>\n
Visit www.blueoak.co.za for more information or to access RESET.<\/p>\n
Issued by:
\nSherpa Business Communications
\nMedia enquiries: Amelia de Milander at 021 912 4071, 083 509 1801 or amelia@sherpa.co.za<\/p>\n
URL<\/strong>: http:\/\/www.blueoak.co.za<\/a> Author: Amelia de Milander<\/strong> from Sherpa Business Communications<\/a>. Originally distributed by MyPR.co.za<\/a>.<\/strong><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" CONVERT EMPLOYEES\u2019 DEBT INTO SAVINGS With the increasing indebtedness of South Africans and over 2 million garnishing orders in place, employers are being faced with increased absenteeism, low morale and unrealistic expectations come salary increase time. Theuns Hanekom, co- founder of Blue Oak Systems, recently launched RESET. The web-based online application empowers employers to assist […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[3257,1452],"class_list":{"0":"post-17897","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-mypr","8":"tag-public-relations","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/17897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=17897"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/17897\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=17897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=17897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=17897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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