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Originally published:
May-19-2010
New Trade Reports with PredictiveMetrics’ Net30Score Yields More Relevant Information for Credit Decision Making and Portfolio Management
Buffalo, NY – ABC-Amega, Inc., a global leader in the commercial collection, credit information, and receivables outsourcing markets, has partnered with PredictiveMetricsSM Inc. (PMI), a leading provider of statistical scoring solutions for the B2B market, to provide ABC-Amega’s credit group members with an industry-relevant, statistically based payment scoring analysis and reporting on their customers.
The ABC-Amega Net30Score Report integrates PredictiveMetrics' state-of-the-art statistical scoring technology with ABC-Amega's proprietary credit interchange system, goAmega. The resulting scoring analysis based on payment trends within each credit group's historical customer payment database provides the group members the most advanced risk assessment available for small and mid-sized customers.
"Developing a predictive payment score from member-provided payment data makes it particularly relevant to the industry the various credit groups do business in," said David Herer, CEO of ABC-Amega. "Using PMI’s Net30Score in conjunction with the detailed aging information currently available to our members will give members added value through the addition of a statistically validated score that will help them make more accurate and profitable credit and collection decisions."
The ABC-Amega Net30Score Report is designed to allow credit group members to proactively monitor their customers' creditworthiness in an ever-changing financial environment. Net30Score looks at every customer in the goAmega database each month and predicts the specific probability that an existing GOOD paying company is going to become a delinquent or BAD paying company in the future. ABC-Amega credit group members now have access to the most predictive analysis on both their new and existing customers, which is based on their group’s specific payment data.
The Gift Associates Interchange Network (GAIN) will be the first of ABC-Amega's industry credit groups to be introduced to ABC-Amega Net30Score Report when the product is launched at the group's conference in Chicago, May 12-14, 2010. It will be rolled out to other ABC-Amega credit groups following the GAIN launch.
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About PredictiveMetricsSM Inc.
Founded in 1995, PredictiveMetrics, Inc. is the leading provider of predictive scoring and analytical decision solutions. PMI’s custom and industry/finance decision technology spans many industries, types of financing and debt. PMI’s proprietary software systems are designed to conduct vigorous and sophisticated analytics which, coupled with advanced statistical techniques, provides customers the most cost-effective decision solutions. Combining clients’ business expertise with PredictiveMetrics’ data, modeling and resource capabilities, PredictiveMetrics provides extremely predictive decision technology for companies worldwide.
PMI is headquartered in Tinton Falls, NJ.
About ABC-Amega Inc.
ABC-Amega Inc. is a respected receivable management firm headquartered in the United States with more than 80 years experience in commercial receivable management. The company has been managing industry-specific credit groups since 1965. Our service includes a secure interchange system for accurate, relevant, cost-effective credit reports, real-time Flash notices and meeting management services.
More information on our Credit Groups.
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