SunGard has acquired PredictiveMetrics, a provider of predictive scoring and analytical services for trade credit, debt collections, utilities and other markets. The acquisition will help extend SunGard’s AvantGard suite of receivables solutions to offer statistical scoring services that help organisations proactively analyse the credit and collection worthiness and likelihood of delinquency or payment across their receivables portfolio.
PredictiveMetrics’ core services around credit and collection analyses will become part of SunGard’s AvantGard receivables solution and will be marketed under the AvantGard receivables brand. SunGard will continue to support the core markets including business-to-business (B2B), utilities and debt collection agencies.
The predictive modelling solution will also be leveraged to build a new offering for trade credit liquidity decisioning across the receivables portfolio. This will help companies and lenders apply modelling to appropriately evaluate risk and liquidity, helping them better leverage key instruments such as credit insurance, collateralised lending, dynamic discounting, securitisation, invoice financing and first/third party outsourcing.
Michael Banasiak, president, PredictiveMetrics, said: “Being part of SunGard will help us offer increased flexibility and choice to the credit and collections community. We are very pleased to expand into new areas such as trade credit liquidity in order to deliver more sophisticated solutions for optimised liquidity management.” Banasiak will join SunGard as part of the AvantGard team.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.