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news
release
Contact:
Eileen O’Hare
Vice President of Marketing
PredictiveMetrics, Inc.
732
530 9303 ext. 101
eohare@predictivemetrics.com
PredictiveMetrics
and CDS Software Announce
Strategic Partnership for CollectOne
Combining
Powerful Predictive Analytics with Technology
Optimizing Collection Results
Tinton
Falls, NJ – July 2009 – PredictiveMetrics,
Inc. (PMI) a leading provider of
statistical-based predictive scoring and
analytical solutions and CDS Software, the leading collection software
solutions in the accounts receivable management
industry announced the
integration of PMI’s suite of
collection scoring models within its system.
This partnership allows CollectOne’s customers
to significantly improve the collections process
by driving faster, more efficient and profitable
results utilizing UltraCollectionScoreä,
MedicalCollectionScoreä,
CardCollectionScoreä,
LegalCollectionScoreä,
and/or DebtBuyerScoreä.
CDS
Software’s CollectOne is a single source debt
collection solution. By integrating with PMI’s
collection scoring solutions, customers have
access to industry specific decision models for
medical, credit and charge cards, legal, other
debt, and value added debt buyer scores. All of
PMI’s models leverage the customer’s
internal placement data, which is proven to be
the most predictive data available in these
types of models, it’s readily available, and
it’s free. No bureau data or personable
identifiable information is required to produce
accurate scores.
"We
are very excited about the benefits the
PredictiveMetrics and CollectOne partnership
brings to our joint customers and the
collections marketplace," said Michael
Banasiak, president and CEO of PredictiveMetrics.
“With access to leading collection scores
combined with a superior collection system
customers will optimize time, money, and
collection effectiveness, which are very
valuable to profitability.”
"By
integrating PredictiveMetrics’ advanced
scoring solutions into our CollectOne system
customers now have the ability to predict payers
and expected dollar amounts along with the
progressive reporting providing a comprehensive
means of developing prioritization strategies
based on cost, effort, and liquidation, while
expending collection resources and personnel
most effectively.” said Jeff Hieber, Strategic
Partner Manager, CDS Software. “This strategic
partnership generates bottom-line results for
collections operations.”
PMI’s
statistical collection and debt buying models
are based on the largest pool of observations
and blended with socio-economic data, and
demographic data supplied by PMI.
Since the pool of observations used to
validate the models is so vast, collectors also
have the ability to segment based upon debt type
and placement status.
PMI provides extensive reporting
including but not limited to age, balance,
segmentation, and profitability / return on
investment simulations.
To
demonstrate the effectiveness of PMI’s scores,
PMI offers a free retrospective analysis (back
test) to prospective clients. This analysis
takes historical placement data from the
client’s own portfolio to prove how well the
collection predicts payments and amounts. As a
means of evaluating scoring, this analysis also
allows the client to compare results with any
other scoring method that it may currently have
in place.
About
PredictiveMetrics
Established
in 1995, PredictiveMetrics, Inc. (www.predictivemetrics.com) is the leading provider of
statistical-based predictive scoring and
analytical decision solutions for collections,
debt buying, accounts receivable risk
management, and underwriting spanning many
industries. 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 decision support
systems to companies worldwide.
PredictiveMetrics is headquartered in
Tinton Falls, NJ. For more information, please
visit www.predictivemetrics.com or call 732-530-9303.
About CollectOne
A
proven leader in collection software solutions,
CDS Software has been an innovator in the
accounts receivable management industry for
almost 40 years. Developing the industry’s
first collection software solution in 1970, it
revolutionized the way accounts were managed.
Its award winning CollectOne software is a
single source debt collection solution that provides
the flexibility to manage multiple debt
categories and the scalability to eliminate the
necessity of upgrading software applications to
meet growing business needs. To learn
more about CDS Software, CollectOne or our
Stimulus Plan offer visit www.collectone.com
or call 888-816-3333.x
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