Office Score
Within the leasing industry where competition is tight quick, accurate decisions are critical to success. Lessors compete with other financial services companies, including bankcards, for small businesses working capital. Scoring provides a cost effective solution. Scoring automates decisions building market share while minimizing losses.
PredictiveMetrics (PMI) has partnered with PayNet, to develop Office Score for small ticket computer, copier, telephone and office equipment lending. The predictive decisioning power that Office Score provides, comes from using the largest pool of performance data on small ticket office equipment transactions ever assembled to develop the model. By utilizing historical office specific performance data to predict the future credit risk of borrowers produces results that are more accurate, facilitating better decisions and improving overall performance results for the office lessor or lender.
Office Risk Score is an empirically derived multivariate statistical model designed to automate front and back end office equipment leasing decisions. This statistically validated model, based on actual office equipment leasing performance, predicts the likelihood that a new account will go 90+ days delinquent or to loss within 18 months of scoring. This score can be used in a monthly batch process to monitor your accounts as part of the portfolio management process.
Performance statistics prove the model substantially outperforms scores not focused specifically on office equipment, because it is tailored to the unique needs of office equipment lenders.
To request a FREE RETRO/HISTORICAL ANALYSIS of how well Office Risk Score actually performs on your own portfolio, to request information that includes score statistics or for trial access, please contact us at 1-847-965-9800 or email membership@paynetonline.com.
Benefits of Office Score
- Increase Volume: Small ticket, high volume lenders profit by increasing originations through automating the majority of your decisions. Office Score quickly and accurately identifies risk to confidently drive higher auto-decision rates.
- Proactively Monitor Your Portfolio: Keep a close eye on your customers for credit and collections.
- Optimize Resources: Equipment lenders shorten turn around time and cut costs by using Office Score in their auto-decision process for most applications.
- Better Decisioning: The score is derived from statistics analyzing and weighting hundreds of variables to find the most predictive data to improve the accuracy of your office credit specific decisions.
- Cost-Effective: Leverages PayNet’s office and other equipment data, which is the largest pool of comparable payment history in the country on office related leases and loans.
- Minimize IT Resources: No software required. Easily access the scores through an encrypted FTP Internet process.
