Collect Advantage
Collect Advantage
What is Collect Advantage?
Risk management in personal loans business made easy
Collect Advantage is a unique software for risk management, debt collection and personal loans portfolio monitoring. It is an every day tool for those of us who does not carry PhD degree in mathematics but needs to segment high-risk clients before they default; predict cash flow from debt recoveries; evaluate credit portfolio; manage debt recovery process and optimize costs of debt collection.
Collect Advantage detects fraud using sophisticated yet easy to understand fuzzy rules. It is based on finding interlinks between borrowers through their names, addresses, phone numbers, company names and more. It also evaluates risks based on the closeness of events in time or by bank branch.
Thus Collect Advantage lets you monitor credit portfolio by various risk signs and segment possible problems before arrears begin. Unlike traditional credit scoring Collect Advantage monitors the whole portfolio permanently, and uses narrative data to detect problems as they evolve. And yes, Collect Advantage can work in batch mode and be easily integrated into credit approval process.
Collection Scoring:
Collect Advantage uses neural nets for cash flow prediction. Our innovative math model allows to predict payments schedule, not only probability. If you know payment probability AND time you can evaluate credit portfolio to full extent of financial analysis tools.
With this knowledge you can easily segment loans on scientific ground and take pro-active measures for portfolio management: sell or write-off really bad loans; outsource debt collection to agencies; retain temporary overdue accounts in your bank.
Collect Advantage solves classic optimizing problem: maximize revenues and minimize costs. Neural nets can predict debt recovery cash flow based on dunning intensity or debt recovery method. Each way of dealing with client has its own cost. Thus we can build linear optimization problem: which method to apply to every given account to optimize total recovery vs. total costs.
Collect Advantage does it all automatically and outputs sound recommendations: ‘To maximize profit sell or write off these accounts, use soft collection procedures for those accounts and sue that account.’