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FICO™ PlacementsPlus® 6.0 gives creditors new opportunities
Published on 20 Jan 2011

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FICO, the provider of analytics and decision management technology, has released the latest version of its collections agency management service, FICO™ PlacementsPlus® service 6.0.

Already the leading service that provides creditors visibility and control over the outsourcing of third-party collection activities, FICO PlacementsPlus 6.0 includes enhanced analytics and more sophisticated reporting tools to better manage and optimize collections agency performance. These benefits can lead to improved operational results and increased debt recovery.

FICO™ PlacementsPlus® service 6.0 gives creditors new tools to optimize the distribution of their debt among collections agencies, matching specific debt attributes with the agencies best suited to that type of debt. The service also now enables creditors to set multiple and customized debt recovery thresholds, or goals for dollars to collect, for their various agencies. Not only does PlacementsPlus 6.0 help determine the appropriate performance thresholds for each agency, it helps creditors track and evaluate progress and adjust as needed to improve performance and ensure success.

“Our FICO PlacementsPlus service is known for the double-digit increases in debt recovery it delivers, through its ability to provide both insight into third-party collections performance and a ready means for creditors to make real-time adjustments in their placements strategies,” said Deborah Kerr, Chief Technology Officer at FICO. “Creditors can now use the best analytics without having to wait months for lengthy model building – PlacementsPlus 6.0 delivers analytic results within the first 30 days.” ***

Source: Business Wire


Tags
Vendor name: FICO
Product name: FICO™ PlacementsPlus® service 6.0
Product type: Connectivity | Credit Risk | Data | Debt Management | Integration | Market Analysts | Market and Reference Data | Market Data Consultancy | Market Risk | Reporting | Risk Management

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