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.”
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
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.