CollectionStrategyScoreSM
Having the right collection strategy is crucial in these challenging financial times. You need to accurately measure consumer risk. PredictiveMetrics’ (PMI) CollectionStrategyScore is the solution to developing cost-effective collection prioritization strategies.
Key Benefits
- Increase cash flow through early identification of future delinquency
Reduce delinquencies and losses by focusing on accounts likely to go bad; bringing in the cash quicker. - Reduce collection costs
Develop collection strategies to segment and prioritize collections based on cost, effort, and impact. - Score and decision all accounts
No bureau or personally identifiable information required to produce accurate scores. Leverages internal A/R and collection performance data, which is proven to be the most predictive data for this type of score, and it's readily available and FREE. - No new software required to implement
Minimizes IT resources. Scoring outputs are delivered through secure FTP Internet. Highly secure SAS 70 II production environment. - Free validation analysis to test the score on your portfolio
No risk, no obligation offer that highlights the level of delinquency and risk in your portfolio to quantify how well the score predicted future customer payment behavior – you know what to expect.
Features
CollectionStrategyScore quickly and accurately predicts the likelihood that an existing customer will become severely delinquent, go to loss, or file for bankruptcy within 6 months of the date the customer was scored.
PredictiveMetrics applies advanced statistical technology to produce CollectionStrategyScore by combining your historical internal accounts receivable data with in a highly advanced, statistical based, payment behavior model. Internal accounts receivable data is proven to be a much more powerful predictor of risk than a model based merely on external bureau data for existing accounts.
CollectionStrategyScore delivers eight (8) data variables, versus the standard one (1) variable, each month on each scored customer that helps you determine the inherent risk of the customer, the dollar value of your risk as well as tell you why your customer scored the way it did. CollectionStrategyScore is typically delivered in a monthly scoring process to the users in both granular and report format though s ecure Internet FTP transfer.
CollectionStrategyScore FREE Validation Analysis
To prove to you that PMI’s CollectionStrategyScore can provide a better analysis of your collection risk than any other method, PMI will gladly perform a FREE CollectionStrategyScore Validation Analysis on your portfolio based on your A/R data.PMI’s analysis compares the CollectionStrategyScore to the actual results and provides you with various outputs that let you know just how well CollectionStrategyScore did and what you can expect if CollectionStrategyScore is implemented at your company. PMI can validate different BAD definitions. Also, if you are currently using another type of scoring, if you provide PMI with those scores will be happy to provide you with a Champion–Challenger Analysis to show you how much more predictive CollectionStrategyScore is over your current solution.
