First Financial Investment Fund (A Division of FFAM) Selects SunGard’s AvantGard Predictive Metrics

Share Article

First Financial Investment Fund, the receivables purchasing and finance division of First Financial Asset Management (FFAM), collectively an accounts receivable management firm, has selected SunGard’s AvantGard Predictive Metrics for statistical modeling to help accurately assess the value of medical debt portfolios and then drive collections prioritization using payment behavior to help maximize profitability.

First Financial Investment Fund, the receivables purchasing and finance division of First Financial Asset Management (FFAM), collectively an accounts receivable management firm, has selected SunGard’s AvantGard Predictive Metrics for statistical modeling to help accurately assess the value of medical debt portfolios and then drive collections prioritization using payment behavior to help maximize profitability.

First Financial Investment Fund is leveraging the predictive power of customer payment data to determine the expected value of medical portfolios they are identifying for purchase. Once the portfolios are purchased, the company will then use the statistical modeling to help determine the accounts that are most likely to pay and will prioritize collection segmentations and treatments accordingly to help improve operational efficiencies and recovery as well as reduce expenses. The models do not require the use of credit bureau data which helps organizations to comply with specific regulations and to keep costs at a minimum.

Matthew Maloney, chief investment officer of the First Financial Group of Companies, said, “Accurate bid determination is an essential element in running a profitable firm. We selected SunGard’s AvantGard Predictive Metrics to help us value medical debt portfolios and benchmark against our proprietary cash-flow model predictions. Once we purchase a medical receivables portfolio, we will use predictive models to evaluate payment behavior in order to determine the propensity of accounts in the portfolios to pay. By utilizing a custom model application that blends SunGard data with our own proprietary models, we will be able to effectively prioritize our segmentation strategies and collections treatments to increase our liquidations.”

“Overbidding on a medical debt portfolio that has little potential for recovery can result in significant losses and drain valuable resources,” said Dwayne Banasiak, vice president business development, Predictive Metrics solutions, at SunGard’s AvantGard business unit. “SunGard provides companies like First Financial Asset Management and First Financial Investment Fund with this information up-front to help improve bid accuracy and collection strategies for increased profitability.”

About First Financial Asset Management
First Financial Asset Management, Inc. (FFAM) and the First Financial Group of Companies are a U.S.-based accounts receivable management firm providing strategic receivable outsourcing and receivable portfolio acquisition services for distressed and non-performing credit intensive assets emanating from the risk management industry. For more information, visit http://www.1fam.com.

About SunGard’s AvantGard
SunGard’s AvantGard is a leading liquidity and risk management solution for corporations, insurance companies and the public sector. The AvantGard solution suite includes credit risk modeling, collections management, treasury risk analysis, cash management, payments system integration, and payments execution delivered directly to corporations or via banking partners. AvantGard solutions help consolidate data from multiple in-house systems, drive workflow and provide connectivity to a broad range of trading partners including banks, SWIFT, credit data providers, FX platforms, money markets, and market data. The technology is supported by a full range of services delivered by domain experts including managed cloud services, treasury operations management, SWIFT administration, managed bank connectivity, bank on-boarding, and vendor enrollment. For more information, visit http://www.sungard.com/avantgard.

About SunGard
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, 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 $4.5 billion, SunGard is the largest privately held software and services company and was ranked 434 on the Fortune 500 in 2011. 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.

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Adriana Senior
SunGard
718-578-1130
Email >