(major energy supplier in The Netherlands, RWE owned)
Product made by:
Online (private access)
Improve the accuracy of the payment behavior prediction of clients customers by adding external elements ("zeitgeist") to existing models.
- Linked the system to different news outlets and past news repositories using our Data Miner System. Extracted the main topics from news and calculated the sentiment towards topics to form a "zeitgeist" model.
- Linked the "zeitgeist" to existing internal payment data over time to continuously improve the prediction of future payment behavior of Essent's customers
Essent can 30% more accurately predict the likelihood at the invoice/customer level, that a particular invoice will be paid on time. This translates into better payment rates, happier customers and a reduction in financial risk.