Teradata Accelerate for Credit and Collections for Utilities Helps Manage Credit Risk

DAYTON, Ohio, Feb. 3 /PRNewswire/ -- Teradata Corporation (NYSE: TDC), the world's largest company solely focused on data warehousing and enterprise analytics, today introduced Teradata Accelerate for Credit and Collections for Utilities, a bundled package that includes Teradata Database software, Teradata's Purpose-Built Platform Family, application software and Teradata Utility Industry Professional Services.

(Logo:  http://www.newscom.com/cgi-bin/prnh/20090909/TERADATALOGO )

Teradata Accelerate for Credit and Collections for Utilities was developed to enable utility companies to manage credit risk with high-risk customers through analysis of payment history, propensity to pay and economic data. For most utilities, accounts receivables are typically the largest current assets on the balance sheet and a properly managed accounts receivable portfolio can expedite cash flow and increase working capital for the utility.

"The keys to minimizing credit risk lie in managing the remittance process and the credit and collections processes. By comparing payment history to the current period, utilities can discern bad debt risk from slow payers and apply corrective action accordingly. This requires having the right data, efficiently organized, and the ability to ask effective questions of that data – to conduct analysis," Teradata Corporation Senior Director Global Industry Solutions Bryan Truex, said.  "One customer automated its credit risk analysis and now continuously monitors its high-risk commercial and industrial customers. That utility has seen a near 50 percent improvement in corporate collections."

Teradata Accelerate for Credit and Collections for Utilities also models residential customer behavior using typical consumer indicators of increasing risk. A utility in the Southeast has increased residential collections by 25 percent.

Like other Accelerate packages from Teradata, Accelerate for Credit and Collections for Utilities was designed for implementation in under 120 days for low implementation risk and fast return on investment. Product options include a choice of business intelligence tools and extract, transform and load tools from Teradata partners.

About Teradata

Teradata Corporation (NYSE: TDC) is the world's largest company solely focused on raising intelligence and achieving enterprise agility through its database software, enterprise data warehousing, data warehouse appliances, consulting, and enterprise analytics.  Visit Teradata on the web at www.teradata.com.

Teradata is a trademark or registered trademark of Teradata Corporation in the United States and other countries.

SOURCE Teradata Corporation

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED