SunGard AvantGard Receivables improved with new statistical modelling capability

The solution's new statistical modeling functionality transforms how companies address their collections strategy by incorporating risk as a driver of collections prioritization, rather than aging and amount past due without risk.

Risk-based collections help companies accelerate their collections by enabling them to address accounts with the highest probability of delinquency and cash at risk first. Rather than relying on aging, invoice value and static risk data, statistical modeling leverages historical customer payment data to predict future paying behavior. High risk customers can then be placed on a "high touch" call collections strategy. In addition, this technology can also be used for credit decisioning.

The new version of AvantGard Receivables (GETPAID) also delivers an enhanced user experience with an interactive interface and streamlined navigation along with increased access to critical data such as the ability to import credit data from various sources, including credit bureaus and NACM.
According to CJ Wimley, COO, SunGard's Corporate Liquidity business, "By employing risk-based collections, world-class credit and collections departments are able to gain a competitive advantage through their ability to decrease and better manage risk and implement smarter operations through improved operational efficiency."