HP Sears Company, 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 modelling to help prioritise collections and increase recovery rates for its clients on medical and credit card debt as well as payday loans.
Chris Thompson, operations manager, at HP Sears Company, 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.”
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
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Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
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