New York, NY (PRWEB) July 13, 2011
SunGard’s AvantGard Predictive Metrics solution has been named a top 25 collection technology product by Collection Advisor magazine. The magazine recognized 25 collection technology products across seven categories. The products were selected based on nominations from vendor companies as well as their ranking in the magazine’s independent review process. The AvantGard solution was recognized in the category for “Other Collection Support Services”.
The AvantGard Predictive Metrics solution offers a broad range of statistical modeling for trade receivables, lease management, utilities, telecom, late stage collections and debt buyers. The solution is a statistical scoring service that helps organizations segment a credit or healthcare portfolio by the probability of payment or delinquency or the amount to be paid. These scores can be used to help make credit decisions, drive collection strategies, evaluate the value of a portfolio and identify priority accounts to help maximize profits.
The competition gets stiffer each year,” said Steel Rose, editor of Collection Advisor magazine. “After honoring 100 products, then 50, we have narrowed it down to 25. Half as many selectees make these winners twice as worthy. Congratulations to SunGard’s AvantGard for designing a product that delivers real value to companies by helping them maximize recoveries.”
Mike Banasiak, senior vice president, liquidity and risk analytics at SunGard’s corporate liquidity business, said, “SunGard strives to set the bar for innovation: AvantGard goes beyond traditional risk analysis to leverage payment data records collected over various debt types and ages of debt. This helps us conduct highly sophisticated and complex modeling across almost any portfolio.”
SunGard acquired PredictiveMetrics, Inc. in February 2011 in order to extend SunGard’s AvantGard suite of receivables solutions to offer statistical scoring services that help organizations proactively analyze the credit and collection worthiness and likelihood of delinquency or payment across their receivables portfolio.
About SunGard’s AvantGard
SunGard’s AvantGard is a leading liquidity management solution for corporations, insurance companies and the public sector. AvantGard provides chief financial officers and treasurers with real-time visibility into cash flows and increased operational controls around receivables, treasury and payments. AvantGard helps companies drive free cash flow and reduce inefficiencies across the ecosystem of suppliers, buyers, banks and other trading partners. For more information, visit http://www.sungard.com/avantgard.
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves more than 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, please visit http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo and AvantGard are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
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