Bakersfield, CA (PRWEB) March 13, 2012
H. P. Sears Company, Inc., an account recovery agency with a focus on medical, government, utilities, financial institutions, retail, and commercial collections, has selected SunGard’s AvantGard Predictive Metrics for statistical modeling to help prioritize collections and increase recovery rates for its clients on medical and credit card debt as well as payday loans.
Chris Thompson, operations manager, at H. P. Sears Company, Inc. said, “We selected AvantGard Predictive Metrics after SunGard successfully completed a complimentary validation analysis of our medical and credit card portfolio. SunGard determined the accounts most likely to pay and least likely to pay, and we compared this output to how the portfolios actually performed. The predicted results were in line with the actual results. We’re investing in the models as we believe that they will help us increase liquidations by strategically targeting accounts.”
Dwayne Banasiak, vice president business development, Predictive Metrics solutions, at SunGard’s AvantGard business unit, said, “SunGard’s AvantGard Predictive Metrics uses statistical modeling to help collection agencies improve collector performance by helping them target the right accounts more effectivelyThe models are based on historical payment behavior rather than credit card bureau data which will help companies comply with permissible purpose rules. Statistical modeling will help H.P. Sears predict the likelihood of collection, coupled with the expected value of the account, thereby helping it maximize liquidations and increase cost efficiencies.”
About H. P. Sears Company, Inc.
H. P. Sears Company, Inc. was established in 1928 and now represents clients throughout the United States. It is an account recovery agency with a focus on medical, government, utilities, financial institutions, retail, and commercial collections. H. P. Sears Company, Inc. prides itself on experienced, well-trained account recovery professionals. The agency’s innovative and cutting edge technology allows them to provide exceptional communication and highest possible return for our clients. For more information, visit http://www.hpsears.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, including managed cloud services, treasury operations management, SWIFT administration, managed bank connectivity, bank on-boarding, and vendor enrollment, and is delivered by a team of domain experts. 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 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.
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