SunGard has released a new version of AvantGard Receivables (GETPAID). The credit and collections solution now offers statistical modelling functionality to help companies prioritise collections. Its automated risk analysis evaluates the likelihood of that a customer will become seriously delinquent, go to write-off, or file for bankruptcy. This enables companies to focus collections efforts first on accounts that have the highest likelihood of delinquency and the largest amount of cash at risk, rather than prioritising collections based on the age of the receivable.
The new modelling module is also integrated with the software's basic credit decision programme, improving the accuracy of this by using historical records. The upgrade comes with streamlined navigation to improve the user experience, and to give access to critical data such as the ability to import credit data from various sources, such as credit bureaus and the US National Association of Credit Management (NACM) protocols.
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