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Tinton Falls, NJ — July
6, 2010 - PredictiveMetrics, Inc. (http://www.predictivemetrics.
com) the leading provider of statistical-based predictive
scoring and analytical solutions and Forseva (http://www.forseva.com)
a provider of award winning sales, credit, and collection software
applications announce the integration of PredictiveMetrics’ suite of
portfolio credit and collection scoring models within its systems.
PredictiveMetrics’
portfolio credit and collection scoring products predict the specific
probability of a current GOOD customer going BAD at some point during the
six month period from the date of the score. Each client defines the
“BAD” definition used in the model. This timely strategic
partnership allows Forseva users to utilize the predictive power of
statistical-based portfolio scoring as the basis for developing collection
strategies based on risk, order release or repeat transactions with
existing customers, portfolio management, and credit line management.
“PredictiveMetrics’
portfolio scoring models leverage a company’s internal accounts
receivable data, which is proven to be the most predictive data for
portfolio credit and collection management. PredictiveMetrics’
statistical-based scoring solutions have helped many leading companies
reduce DSO and losses while increasing the efficiency of operations
through optimal resource allocation” stated Michael Banasiak, President
of PredictiveMetrics. “These models provide superior collection
prioritization by knowing the probability of BAD (PBAD) and the dollars at
risk based on a model validation of the company’s accounts.”
"We are very excited
about the benefits that the PredictiveMetrics and Forseva partnership will
deliver to the marketplace. Companies are continually seeking ways to
accurately forecast their customers' ability to pay,” said Mike Horvath,
Forseva CMO. "Combining ForsevaTRM, our award-winning CRM-enabled
credit and collections management application, with PredictiveMetrics'
statistical scoring models, will enable companies to make more informed
sales, credit and collections decisions throughout the quote-to-cash cycle
with customers—in a fully automated fashion.”
Prior to purchase, PredictiveMetrics offers a free retrospective validation
analysis to see how well its model predicts future payment performance on
the clients’ portfolio or a champion / challenger analysis to compare the
current model they are using to its model. This analysis shows the
model’s ability to differentiate future problem payers from future timely
payers and quantifies how accurately the model predicts future customer
payment behavior.
About PredictiveMetrics
Founded in 1995,
PredictiveMetrics, Inc. is the leading provider of statistical-based
predictive scoring and analytical solutions. Working with customers in
an array of industries including Financial Services, Leasing, Manufacturing,
Distribution, Energy & Utilities, Shipping, Transportation,
Communications, Banking, Debt Collections, Debt Buying and others,
PredictiveMetrics’ customer focus is to work with clients to create a
strategic relationship ensuring their resources are optimally utilized to make
automated, knowledge-based, profitable decisions that are proven accurate
through statistical validation. PredictiveMetrics utilizes proprietary
software and state-of-the-art hardware, designed specifically to conduct
vigorous and sophisticated analytics coupled with innovative, advanced
statistical techniques. Applying customers’ business expertise
together with PredictiveMetrics’ data, modeling, and resource capabilities
allows PredictiveMetrics to provide extremely powerful decision support
systems to companies worldwide. PMI is a privately-held corporation that is
self-funded through the profits of the company and headquartered in Tinton
Falls, NJ. For more information, please visit www.predictivemetrics.com
or call 732-530-9303.
About Forseva
Our award-winning,
software-as-a-service solution, ForsevaTRM , uniquely empowers customers to
align sales with credit and collections management resulting in fast,
consistent and more intelligent business decisions throughout the
quote-to-cash cycle. Key features include real-time business
identity/fraud checks, credit decisioning, portfolio risk monitoring, online
credit applications w/electronic signatures, predictive scoring, collections
prioritization, collections activity management, payment dispute/deduction
resolution and enhanced cash forecasting. Includes native support for
decision support data from PredictiveMetrics, D&B, Experian, Equifax and
Ansonia. Delivered on the #1 cloud computing platform (72,000+
customers) for business applications, Force.com, ForsevaTRM is highly
reliable, secure, customizable and affordable with annual subscription fees as
low as $300 per year/user. For more information, please visit www.forseva.com.
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