LexisNexis® Risk Solutions announced the availability of new receivables management solutions that will help debt buyers, collection law firms and agencies improve their collection efforts, drive greater workflow efficiency, and increase overall profitability. LexisNexis introduced LexisNexis® Scoring Solutions and Collect Point Vendor Manager at the 2012 annual Debt Buyer Association (DBA) conference in Las Vegas, Nevada.

Collection Attributes is a new predictive analytics solution that helps owners of debt and those who collect debt improve their recovery efforts by offering portfolio segmentation and enhancing their scoring and modeling performance. Collection Attributes help increase customer segmentation and analytical performance by supplementing in-house data, including credit data, with hundreds of revealing “alternative data” attributes for improved scoring performance and predictive capabilities.

Source: Newswiretoday.com