Omnium Worldwide Selects IBM Balanced Warehouse to Enhance Collections

IBM (NYSE: IBM) announced that Omnium Worldwide, a national provider of accounts receivable and cost containment management solutions in the telecommunications, healthcare, insurance and financial services industries, has tapped IBM’s new DB2 Balanced Warehouse to enhance the accuracy of information used by its accounts receivable and debt collection units.

Omnium chose the dynamic warehousing capabilities of IBM’s Balanced Warehouse for its ability to seamlessly integrate with Omnium’s SAS environment. This allows Omnium to quickly analyze large volumes of data and identify duplicate payments, under- or over-payments and other material inaccuracies that occur more frequently as information management complexity increases within key business-to-business and business-to-consumer industries. These transactional mistakes are often buried under volumes of data and the high cost of detection has typically resulted in these mistakes being written off as a cost of doing business.

"IBM’s Data Warehouse solution allows us to analyze large volumes of data and identify those transactions that our predictive scoring models utilize to determine the probability that a transaction is an overpayment," said Ed Peabody, Director of Technical Consulting, Omnium Worldwide. "A key factor in our decision to choose IBM was their ability to meet our need for rapid analysis and turnaround of data. Of all the vendors we looked at, only IBM succeeded in addressing our requirements for fast response time."