Score One for Collections
- Topics:
- Payables and Receivables
- Tags:
- Collection,
- Penton Media Inc.,
- Productivity
- Source:
- Penton Media
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Overview: Credit scores have gained prominence as a means of managing the level of risk companies assume during the new-account application and current-customer review processes, but they have received less attention for their ability to increase collection performance. That is likely to change in the near future. The convergence of portfolio-management automation tools and more targeted scoring models is increasing the viability of collection scoring as a receivables-management tool. Risk scoring isn’t just for credit approvals anymore. Using internal and external data to predict delinquent accounts’ probability of paying, companies are making their collection processes much more efficient.
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Format: HTML | Date: Oct 1999 | Pages: 5
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