Predictivemetrics and Ontario Systems Announce Partnership

Ontario Systems and PredictiveMetrics today announced a partnership. Ontario Systems is a leading provider of receivables management information systems. PredictiveMetrics is a major analytics company who specializes in scoring charged-off receivables as well as in providing other modeling products and services. This partnership allows Ontario Systems? customers to significantly improve collections and recovery operations utilizing PredictiveMetrics? UltraRecovery™ Score.

UltraRecovery™ Score is an empirically derived multivariate statistical model that is based on observations from more than 10 million charged-off accounts and blended with socio-economic and demographic data supplied by PredictiveMetrics. Because the pool of data is so vast, UltraRecovery™ Score accurately predicts payers and dollars to be collected per account, and does not require bureau data or personally identifiable information. Customers receive with the scored account files, a comprehensive summary and detailed analysis, including rank order reports and the ability to set up simulations to determine strategy profitability.

A value added scoring service that Ontario Systems will offer to its customers is the ability to determine an optimal bidding price of a bad debt portfolio using PredictiveMetrics? DebtBuyerScore™. Customers will know the overall collectability of the distressed portfolio as well as on an individual account basis, without requiring a credit bureau inquiry.