Credit & Management Systems, Inc. and PredictiveMetrics, Inc. Announce Strategic Alliance4 May 2005
Credit & Management Systems, Inc. (CMS), a leading provider of credit and collection software and ASP solutions for business-to-business relationships, and PredictiveMetrics, Inc. (PMI), a leading developer of statistical-based predictive scoring models for the business-to-business and consumer markets, have entered into a strategic alliance for the purpose of integrating PMI’s Net30Score™, decision support system for commercial accounts receivable portfolio management, directly into CMS’s system offerings, principally the Corporate Credit Manager system. This alliance expands CMS’s credit scoring capabilities, by combining rules based and predictive, scientifically based decision tools, thereby meeting the ever changing more sophisticated needs of CMS’s worldwide client base.
“This alliance with PredictiveMetrics is the latest in a series of agreements we have aggressively sought with third party data providers and scoring companies for supplementing our application software, thereby providing better and more comprehensive credit and collection information to our clients. Combining the power of statistical-based predictive modeling with a sound rules based solution, in one application, allows our clients to establish scoring methods that can be strictly rules based, statistically predictive, or a blend of both, which more realistically fits the normal business environment,” said John Sargent, President and CEO of Credit & Management Systems, Inc. “The ability for clients to integrate their rules based score-cards with predictive pay habit information delivers a powerful decision support platform for risk assessment, and for focusing attention and reliable decisioning at differing risk levels.”
”Establishing this partnership with CMS allows us to meet commercial credit and collection managers’ requirements to have an integrated system that allows them to incorporate their policy rules into a statistically valid predictive model, thereby providing more accurate credit and collection decisions, reduced costs, and increased profits,” said Michael Banasiak, President of PredictiveMetrics, Inc. “In addition, public companies are faced with having to improve and document internal control to comply with the Sarbanes-Oxley Act (SOX). This combined CMS and PredictiveMetrics product offering provides these companies with an objective, consistent and documentable decision support tool which will aid them in meeting the requirements of SOX.”
This alliance is effective immediately and available to new and existing clients of both Credit & Management Systems, Inc. and PredictiveMetrics, Inc.
Source: PR Web
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