Teradata Offers 'Accelerate For Credit & Collections' For Utilities

Teradata, a player in the data warehousing and enterprise analytics space, has 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.

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 minimising 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 organised, and the ability to ask effective questions of that data - to conduct analysis,” Teradata Corporation Senior Director Global Industry Solutions Bryan Truex, said.

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