DALLAS and BELLEVUE, Wash., Feb. 7, 2006 (PRIMEZONE) -- Sentinel Development Solutions, provider of the award-winning collection management software eCollections, and Intelligent Results, a leader in predictive analytics, today announced the launch of a fully-integrated predictive modeling and analytics solution. By incorporating Intelligent Results software into eCollections, Sentinel has given debt buyers the unparalleled ability to evaluate whether to buy and how to manage a portfolio. Collections agencies are also now able to target accounts with the greatest likelihood of paying and focus efforts to achieve a faster return on investment.
This partnership between Sentinel and Intelligent Results represents an important step in the next wave of predictive analytics: embedding analytic capabilities into operational systems. With embedded analytics, banks, collections agencies and other financial institutions can quickly analyze and make decisions regarding payments and collections. Intelligent Results provides predictive analytics capabilities for decision management for five of the top ten banks in the U.S. Sentinel, among the first to introduce a Web-based platform and a hosted solution for debt buyers, works with banks and financial institutions across the U.S., including PRM Financial Services.
"The potential financial rewards of embedded analytics will change the profitability of the industry and the competitive rules. Collections agencies without predictive analytics built into their systems will be at a significant disadvantage," said Kelly Pennock, president and chief executive officer of Intelligent Results.
"Finding the right partner for analytics was absolutely critical for us. We evaluated a dozen vendors, including the credit bureaus, before choosing Intelligent Results," said Jeff Mains, chief executive officer of Sentinel. "We were astounded with what Intelligent Results had to offer, not only in technology, but also in services. From the start there was no question that their product is ahead of the game, but a key factor in our decision was the responsiveness and level of service we received. There is a great match between our corporate values and we couldn't be happier with the partnership."
"Sentinel has made it a practice of being first to market with key technologies and capabilities in CRM and process management for debt collectors," said Kelly Pennock, president and chief executive officer of Intelligent Results. "They are expanding their stellar track record by embedding predictive analytics and decision making capabilities directly into their industry-leading offering."
The analytic software adds to Sentinel's eCollections by improving the capability to model a portfolio and more accurately score individuals. This more precise rapid scoring also enables collections agencies and debt buyers to better evaluate whether to acquire a portfolio and how to manage it. Further, Intelligent Results' software links modeling and strategy, improving the chances of maximizing payment. With embedded analytics, the time needed for the most sophisticated modeling and strategy is cut significantly.
"This is a very strategic offering for our customers," said Greg Lamp, chief technology officer of Sentinel. "By embedding Intelligent Results' software, we will enhance the efficiency of agencies, make debt buyers savvier and provide key advantages in a very competitive environment."
Beginning with customer shipments this week, Sentinel and Intelligent Results will continue to add new models and scores throughout the first quarter. Custom models are also available to fit specific customer requirements. Flowing seamlessly into the existing component architecture, custom models will be easily assimilated into operations while giving Sentinel customers an exclusive recipe for their "secret sauce."
About Sentinel Development Solutions
Sentinel Development Solutions is a leading developer and integrator of CRM and process management software for the financial industry. Sentinel's flagship product eCollections fully integrates and automates the accounts receivable management and debt collection processes for debt buyers, collection agencies, healthcare providers, legal offices, and originators. Built using secure, proven web-enabled technologies, eCollections is one of the most scalable and flexible collection management solutions in the industry. Today, thousands of users in both small and multi-billion dollar Fortune 500 companies depend on eCollections to manage their debt portfolios, ensure compliance, and maximize productivity for their operations in the United States, Europe, Asia, and Latin America. Sentinel is a privately held corporation headquartered in Dallas, Texas. For more information visit, www.Sentinel1.com
About Intelligent Results
Intelligent Results(r) enables companies in the financial services industry to run their businesses more dynamically with a new standard in customer analytics and decision management. The Intelligent Results software platform allows companies to better understand and predict customer behavior and then quickly plan and operationalize targeted strategies. This empowers companies to improve the customer experience, allocate resources more effectively and produce profitable results. www.intelligentresults.com.
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