eCredit and PredictiveMetrics Announce Strategic Alliance for Collections

DEDHAM, MA and TINTON FALLS, NJ – eCredit, a leading provider of online software and industry-specific reports for credit and collections professionals, announced today that it has entered into a strategic alliance with PredictiveMetrics, a leading predictive scoring company specializing in statistical modeling and knowledge-based risk management solutions for credit risk analysis, collection strategy design, debt recovery, and debt buying. This alliance will allow eCredit’s customers to further streamline their operations and gain greater visibility into their accounts receivable portfolio risk through integration with PredictiveMetrics’ Net30Score™. Net30Score is a multifunctional decision support system that leverages internal accounts receivable data (the most predictive, readily available, and free) to help predict delinquency, improve DSO, and minimize write-offs. The Net30Score model and other products from PredictiveMetrics combined with eCredit’s powerful credit and collections automation platform and credit reports offers commercial credit professionals an easy to implement, cost-effective solution for improving credit and collection operations and lowering overall portfolio risk.

“The alliance with PredictiveMetrics is an excellent fit for us and will add significant value to eCredit’s customers,” said Jeff Dickerson, eCredit CEO. “Linking our leading online credit and collections management solution and our industry-specific credit reporting information with PredictiveMetrics’ statistical scoring models will enable companies to make better credit and collections decisions, with better information, in a fully-automated environment.”

“We are very excited about the benefits the PredictiveMetrics and eCredit alliance presents to the marketplace. Companies are continually seeking ways to accurately forecast their customers’ ability to pay and to quickly determine when the money will arrive,” said Michael Banasiak, PredictiveMetrics’ President. “Using our Net30Score and customized scorecards to leverage internal A/R data to predict the probability that an existing customer will become seriously delinquent, go to loss, or bankruptcy together with eCredit’s superior credit and collections management platform offers unprecedented advantages, including better decisions at a lower cost and improved operational efficiencies.”