Fair Isaac Corporation announced the new release and immediate availability of PlacementsPlus service 4.0. The new release of the collections industry’s only optimized account placement and management service for charged-off debt now integrates Fair Isaac Blaze Advisor business rules management technology for enhanced control and improved collections results.
PlacementsPlus is a unique, Web-based service that provides daily reporting of collection information and utilizes advanced analytics to match accounts to collection agencies, resulting in maximized recoveries and increased netback. Blaze Advisor allows users to develop, test, deploy and maintain business rules as part of any automated system.
“Because PlacementsPlus now includes user-friendly access to the creditor’s business rules, the creditor’s business managers have the power to control policies and procedures quickly and without tapping IT resources,” said Don Davey, market management director for Fair Isaac’s Collections and Recovery Solutions unit. “Blaze Advisor’s decisioning technology is a proven and established platform in the credit industry. It adds a new dimension in functionality to PlacementsPlus, the industry’s leading ASP-based recovery solution, to help our clients meet their business objectives even more quickly.”
As an integral component of PlacementsPlus 4.0, Blaze Advisor technology facilitates improved control by the business user over processes, including placement distribution, exception processing, response automation, and commission percentages. For example, a credit grantor can establish a rule that generates an automatic approval of a settlement request from the collection agency if the request meets the rule requirements. The ability for business users to automate the execution of day-to-day basic business rules provides for operating efficiencies, increased performance and lower costs.
Additionally, through the integration of Blaze Advisor technology into PlacementsPlus, clients are now able to leverage the latest features available within the industry’s leading rules engine. One of Blaze Advisor’s most powerful features is version management, which enables the user to track changes as well as revert to a previous version if a rule was inadvertently entered incorrectly or accidentally deleted. PlacementsPlus is available to creditors worldwide.
About Fair Isaac
Fair Isaac Corporation (NYSE:FIC) is the preeminent provider of creative analytics that unlock value for people, businesses and industries. The company’s predictive modeling, decision analysis, intelligence management, decision management systems and consulting services power billions of mission-critical customer decisions a year. Founded in 1956, Fair Isaac helps thousands of companies in over 60 countries acquire customers more efficiently, increase customer value, reduce fraud and credit losses, lower operating expenses and enter new markets more profitably. Most leading banks and credit card issuers rely on Fair Isaac solutions, as do insurers, retailers, telecommunications providers, healthcare organizations and government agencies. Through the www.myfico.com Web site, consumers use the company’s FICO(R) scores, the standard measure of credit risk, to manage their financial health. For more information, visit [www.fairisaac.com].