TINTON FALLS, NJ – PredictiveMetrics™ a leading knowledge-based scoring company today launched Net30Score™ Enhanced. The enhanced version of Net30Score™, statistical model for commercial portfolio management, will utilize the predictive power of Experian® commercial trade, public record, and demographic data by applying it to a company?s accounts receivable and other internal performance data to make faster and better credit and collection decisions. PredictiveMetrics offers companies a retrospective analysis to prove model effectiveness on their own portfolio.
Net30Score Enhanced is an automated credit and collection decision tool. The model predicts a substantial 90+ days past due delinquency, bankruptcy, or loss within 6 months for commercial and small business trade transactions. The score is used to increase the speed and accuracy of order approvals, credit line decisions, and collection prioritization. Net30Score Enhanced can be used as a stand-alone decision tool or companies can incorporate it into their own credit and collection policy rules.
?By allowing companies to embed Net30Score Enhanced into their expert policy rules, drives increased department performance and allows the credit and collection manager to control the level of automation,? stated Michael Banasiak, president of PredictiveMetrics. ?The score can also be used as an internal control for the accounts receivable portfolio as a measure for delinquencies and losses to comply with the Sarbanes-Oxley Act.?
?The combination of PredictiveMetrics? analytical modeling expertise and Experian?s commercial trade data generates a very effective decision tool,? said Richard Quintana, vice president of product development and marketing for Experian. ?Net30Score Enhanced creates a seamless decision process, bringing more efficiency into operations.?
Access to scores is easy with Net30Score Enhanced. File transfer occurs through encrypted FTP Internet exchange, allowing a simple integration in almost any accounts receivable, CRM or collection system. No special software is required, only a browser. Net30Score Enhanced resides on the company?s system and is updated regularly. Scores are appended to each account with a straightforward ranking system. Customers also receive a score distribution to better evaluate and understand changes in risk for more consistent decisions at the portfolio level.
?By having access to the wealth of information contained in Experian?s commercial trade database, Net30Score Enhanced version is better able to measure external risk factors, thereby adding more predictiveness to Net30Score,? said Banasiak.
Net30Score Enhanced joins Net30Score Standard and Net30Score Tailored. The standard version of Net30Score leverages the predictiveness of a company?s internal performance data. The tailored version is more customized to a company?s portfolio and utilizes the most applicable external data for maximizing decisions.
About PredictiveMetrics
PredictiveMetrics, formerly Predictive Business Decision Systems (PBDS), continuously helps customers increase efficiency as well as their profit margins by providing custom, industry specific, and pooled statistical scoring tools for credit, portfolio management, collection, and recovery. Utilizing advanced methodologies and statistics to application, accounts receivable, and collection data, as well as credit bureau, financial statement, and demographic data allows customers to turn probabilities into profits. Armed with experts in the field of developing predictive scoring tools for a variety of applications, types of financing, and industries allied with its consultative approach, PredictiveMetrics provides the most accurate and predictive decision solutions 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 Net30Score, visit www.net30score.com.
About Experian
Experian® is a global leader in providing information solutions to organizations and consumers. It helps organizations find, develop and manage profitable customer relationships by providing information, decision-making solutions and processing services. It empowers consumers to understand, manage and protect their personal information and assets. Experian works with more than 40,000 clients across diverse industries, including financial services, telecommunications, health care, insurance, retail and catalog, automotive, manufacturing, leisure, utilities, property, e-commerce and government. Experian is a subsidiary of GUS plc and has headquarters in Nottingham, UK, and Costa Mesa, Calif. Its 13,000 people support clients in more than 60 countries. Annual sales exceed $2.2 billion. For more information, visit the company’s Web site at www.experian.com.
