PredictiveMetrics Releases ScoreMiner(SM)

PredictiveMetrics™ (PMI) the leading provider of accounts receivable based predictive scoring solutions, today announced the successful launch of ScoreMiner(SM), at NACM’s 110th Credit Congress & Exposition recently held in Nashville, TN. ScoreMiner(SM) is a web-based credit scoring and data mining application that leverages the predictive power of PMI’s Net30Score model output. PMI developed ScoreMiner to provide clients with a more flexible and viable platform for receiving, reviewing and analyzing information to group accounts based upon the credit or collection manager’s criteria for implementing strategies worldwide.

Net30Score™, PMI’s leading commercial product, predicts the likelihood that an existing customer will become severely delinquent, go to loss, or bankruptcy. Net30Score is used for credit authorizations, credit line management, and collection strategies.

Requiring minimal IT support, ScoreMiner provides a simple but robust way to measure credit and collection performance for an entire portfolio, a subset, or on an individual account basis. ScoreMiner provides detailed information and graphical analysis by risk class and credit risk change over time and has the capability to determine how every analyst, collector, or sales personnel’s accounts are performing relative to their peers and risk level. Another benefit noted by NACM attendees was ScoreMiner does not require software to implement, saving significant time and money.

“ScoreMiner meets our clients’ demand to have an easy to use dynamic web based decision engine that allows them to easily access our statistical scores on their customers,” said Michael Banasiak, president of PredictiveMetrics, Inc. “Our goal was to provide clients with a way to take the intangible aspects of predictive commercial scoring and turn it into tangible, action driven applications by offering the ability to analyze and compare and provide reporting on the outputs of PMI’s statistical models, for improved risk management.”

ScoreMiner complements PredictiveMetrics’ Net30Score. Other PredictiveMetrics’ scoring products include UtilityScore™ for Collections, UltraRecovery™ Score, and DebtBuyerScore™.