PredictiveMetrics Introduces UtilityScore for Collections

TINTON FALLS, NJ ? PredictiveMetrics™ a leading knowledge-based scoring company, today announced the launch of UtilityScore™, statistical model for collections. UtilityScore helps utility companies direct collection activities cost-effectively by accurately determining which accounts are likely to pay and which are likely to go 90+ days past due or to write-off. UtilityScore joins a suite of PredictiveMetrics? other collection products including RecoveryScore and DebtBuyerScore.

This industry specific scoring model is designed for electric, gas, and water companies for both residential and industrial/commercial accounts. UtilityScore is an empirically derived multivariate statistical model that leverages utility accounts receivable and collection performance data as well as other predictive information, supplied by PredictiveMetrics. PredictiveMetrics is offering a free retrospective analysis of UtilityScore on utilities? portfolios to prove mathematically the score optimizes the rank ordering of collections.

“With delinquency and loss management a major issue, cost concerns, and having to maintain customer satisfaction, UtilityScore is the solution to target the right collection accounts to work,” says Michael Banasiak, president of PredictiveMetrics, Inc. “The key is knowing which customers will pay when they first become delinquent and which ones need collection treatment. UtilityScore helps utilities optimize final notices, field visits, collection calls, and letters, which ultimately reduces costs and increases customer service.”

UtilityScore is implemented via encrypted FTP file transfer between the utility and PredictiveMetrics, facilitating both ease of implementation and quick turn times on batch process as well as minimizing IT resources. The model scores are straightforward ranging from 0-100, higher scores representing lower risk accounts, and you receive a score distribution to better evaluate changes in risk to develop a collection strategy for more effectively prioritizing collections.

About PredictiveMetrics
PredictiveMetrics, formerly Predictive Business Decision Systems (PBDS), continuously helps its customers increase their profit margins by providing custom, industry specific, and pooled credit, portfolio management, collection and recovery scoring tools. Utilizing advanced methodologies and statistics to application, accounts receivable, and collection data, as well as credit bureau, financial statement, and demographic data allows companies to turn probabilities into profits. Armed with an analytical staff comprised of statisticians, econometricians and actuaries who have extensive experience in developing predictive scoring solutions for a variety of applications, types of financing, and industries allied with its consultative approach, PredictiveMetrics provides the most accurate and predictive decision tools in the market today! Established in 1995, PredictiveMetrics is headquartered in Tinton Falls, NJ.For more information about PredictiveMetrics, visit the company’s web site at www.predictivemetrics.com. For more information about UtilityScore for Collections, visit www.utilityscore.com.