Towson, MD (PRWEB) March 21, 2012
Access Receivables, an accounts receivable collection agency focused on first and third party collections for educational, insurance, telecom and commercial debt, has selected SunGard’s AvantGard Predictive Metrics for statistical scoring. The solution will help Access Receivables efficiently prioritize bad debt collections in order to help achieve higher rates of debt recovery for their clients and increase liquidations and cost efficiencies.
Access Receivables will leverage the predictive power of placement data to determine not only the propensity of accounts to pay, but also the expected dollar amount in order to help increase their liquidations and gain more accurate payment forecasting. AvantGard Predictive Metrics will help the company enhance their debt collections programs for their clients by helping them more accurately prioritize accounts and identify the type of collection strategy to apply.
Tom Gillespie, president Access Receivables, said, “Access Receivables prides itself on introducing innovative solutions like statistical modeling into its collections programs. A determining factor in our selection of SunGard’s AvantGard Predictive Metrics was the complimentary validation analysis performed on one of our most successful portfolios. The analysis demonstrated strong segmented results, thereby proving that they work and are accurate. Statistical modeling will help us reduce our dependency on credit bureau data and instead use debtor payment behavior data to help provide our clients with the highest rate of debt recovery.”
Dwayne Banasiak, vice president business development, Predictive Metrics solutions, at SunGard’s AvantGard business unit, said, “Collection agencies like Access Receivables are under increased pressure to deliver high rates of liquidations to their clients. Persistent economic volatility and high unemployment rates only add to the complexities of an already challenged industry. As such, knowing the probability that an account will pay, and the expected value, and then tailoring collections activity around this decisioning solution is a must. SunGard’s AvantGard Predictive Metrics provides statistical scoring for the collection of debt, automating the decisions necessary for evaluating the collectability of a portfolio, and thereby helping drive higher rates of debt recovery and increased liquidations.”
About Access Receivables
Access Receivables designs, implements and manages receivables management programs for insurance, telecommunications, educational and Fortune 500 companies. They are regarded as an innovator in the industry and have developed a unique approach to collections called “Nice People Collect More”. This scoring data helps access in its approach to offer fair repayment programs based on the debtors ability to pay. For more information, visit http://www.access-receivables.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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