Net30Score™
In today’s turbulent economic times, many companies are finding more accounts in collections and tougher credit risk management. The solution to effectively managing portfolio risk is PredictiveMetrics’ Net30Score™ behavior scoring model to develop a collection strategy that best utilizes your staff, and reduces DSO, write-offs, and costs.
Benefits of Implementing Net30Score
- Leverages your internal accounts receivable collections data
- The most predictive data in this type of scorecard
- Readily available
- Free
- Score all customers
- Mom and pops and mid-sized companies
- Large companies – Separates administrative delinquency from those caused by a firm’s deteriorating financial condition
- Minimal IT resources required
- Scoring outputs delivered through our ScoreMiner hosted web application
- Scoring outputs are also be delivered through secure FTP Internet
- Highly secure SAS 70 II production environment available
- Reporting and query technology available
- Conduct portfolio monitoring for management reporting
- Measure the effectiveness of your collection method
- Create Credit Watch List to improve portfolio performance
- Know the dollars at risk whencreating new collection strategies that have a larger impact on your cash flow
- Standard - Leverages the predictive power of your internal data
- Enhanced - Applies external commercial trade, public record, and demographic data with your internal data
- Custom - Blends your data with the most applicable external data for optimum performance on your portfolio
What is Net30Score?
Net30Score 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 for collections and 18 months for portfolio management, release of orders, and credit line management.
PMI applies advanced statistical technology to produce Net30Score by combining your historical internal accounts receivable data with in a highly advanced, statistical based, payment behavior model. Net30Score can be used as a collection score to improve collections or as a credit score to evaluate credit risk. Add your own credit and collection policy rules resulting in superior credit risk analysis and a substantial increase in credit and collection department productivity and efficiency. 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.
Net30Score 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. Net30Score is typically delivered in a monthly scoring process to the users in both granular and report format though our hosted web application ScoreMiner and through secure Internet FTP transfer.
Net30Score FREE Validation Analysis
To prove to you that PMI’s Net30Score can provide a better analysis of your credit and collection risk than any other method, PMI will gladly perform a FREE Net30Score Validation Analysis on your portfolio based on your AR data.PMI’s analysis compares the Net30Score to the actual results and provides you with various outputs that let you know just how well Net30Score did and what you can expect if Net30Score 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 Net30Score is over your current solution.
Net30Score Integrated Into Credit & Collection Applications
As many Credit & Collection departments are now using automated credit & collection software applications to more efficiently manage their department’s daily workflow, PMI has developed partnerships with several of the leading software vendors who provide these types of platforms. With each of these partner companies Net30Score has been seamlessly integrated help drive risk analysis and collection prioritization.
The following are our integration partners:
Credit & Management Systems - Corporate Credit Manager
eCredit - Credit & Collections
Global Visions Solutions - WorkflowAR
SunGard AvantGard - GETPAID
