PredictiveMetrics Releases Web-Based Credit Scoring and Data Mining Application

PredictiveMetrics™ (PMI) the leading provider of accounts receivable based predictive scoring solutions, today announced the successful launch of ScoreMinerSM, at NACM?s 110th Credit Congress & Exposition recently held in Nashville, TN.

ScoreMinerSM is PMI?s new 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, quickly and accurately predicts the likelihood that an existing customer will become severely delinquent, go to loss, or file for bankruptcy within six months of the date the customer was scored. Net30Score is used for credit authorizations, credit line management, and for the development of optimal risk based 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 and provides detailed information and graphical analysis by risk class and credit risk change over time. ScoreMiner also 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 is a hosted web application, requiring no software to implement saving significant time and money.

?ScoreMinerSM 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 our clients with a way to take the intangible aspects of predictive commercial scoring and turn it into tangible, action driven applications by having the ability to analyze and compare and have reporting on the outputs of PMI?s statistical models, for improved risk management.?

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