Predictivemetrics and Ontario Systems Announce Partnership
Ontario Systems and PredictiveMetrics today announced a partnership. Ontario Systems is a leading provider of receivables management information systems. PredictiveMetrics is a major analytics company who specializes in scoring charged-off receivables as well as in providing other modeling products and services. This partnership allows Ontario Systems’ customers to significantly improve collections and recovery operations utilizing PredictiveMetrics’ UltraRecovery™ Score.
UltraRecovery™ Score is an empirically derived multivariate statistical model that is based on observations from more than 10 million charged-off accounts and blended with socio-economic and demographic data supplied by PredictiveMetrics. Because the pool of data is so vast, UltraRecovery™ Score accurately predicts payers and dollars to be collected per account, and does not require bureau data or personally identifiable information. Customers receive with the scored account files, a comprehensive summary and detailed analysis, including rank order reports and the ability to set up simulations to determine strategy profitability.
A value added scoring service that Ontario Systems will offer to its customers is the ability to determine an optimal bidding price of a bad debt portfolio using PredictiveMetrics’ DebtBuyerScore™. Customers will know the overall collectability of the distressed portfolio as well as on an individual account basis, without requiring a credit bureau inquiry.
"We are very excited about the benefits the PredictiveMetrics and Ontario Systems partnership brings to our joint customers and the collections marketplace," said Michael Banasiak, president of PredictiveMetrics. “Using our UltraRecovery™ Score which leverages the predictive power of placement data to identify payers and dollar amounts together with Ontario Systems’ superior collections platform offers significant advantages to customers, including better collection prioritization decisions to reduce costs and improve operational efficiencies and effectiveness.”
"By integrating with PredictiveMetrics, we provide our customers another way to benefit from their Ontario Systems’ installation,” said Paul Smith, Ontario Systems’ vice president of link partner relations. “This solution generates bottom-line results for collections operations.”
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