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650-177 - SMB Solutions for Account Managers - BrainDump Information

Vendor Name : Cisco
Exam Code : 650-177
Exam Name : SMB Solutions for Account Managers
Questions and Answers : 197 Q & A
Updated On : November 16, 2018
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Test Code : 650-177
Test Name : SMB Solutions for Account Managers
Vendor Name : Cisco
Q&A : 197 Real Questions

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650-177 exam Dumps Source : SMB Solutions for Account Managers

Test Code : 650-177
Test Name : SMB Solutions for Account Managers
Vendor Name : Cisco
Q&A : 197 Real Questions

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SMB Solutions for Account Managers

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NLP Logix and IC System Publish Results of Machine Learning Enabled Accounts Receivable Management Outcomes | killexams.com real questions and Pass4sure dumps

JACKSONVILLE, Fla., Nov. 08, 2018 /PRNewswire-PRWeb/ -- IC System, one of the largest receivables management companies in the United States, adopted a machine-learning powered approach to increasing recovery rates by creating a comprehensive contact strategy for each consumer. The strategy was centered around an Artificially Intelligent Collections (AIC) product developed by NLP Logix, a Jacksonville, Florida-based AI solutions company, and leveraged the decades of consumer behavior embedded in the IC System databases.

"First and foremost we wanted to ensure that we protect the consumer and use the data in a compliant and discreet manner" said David Gunderson, Director IC System, "while ensuring an approach that maximized recoveries for our clients."

The approach used by IC System and NLP Logix is based upon training a machine learning algorithm developed by NLP Logix specifically for the accounts receivable market. The algorithm identifies patterns in consumers historical payment behaviors and applies a probability-to-pay score to similar or like consumers with outstanding accounts. This was further refined down to specific industries of IC System's customers, such as healthcare and telecommunications, to capture the different ways consumers approach their doctor bills vs. phone bills.

"IC System had an excellent scoring system prior to us implementing the AIC solution" said Katie Bakewell, Lead Statistician, NLP Logix. "It provided a great performance benchmark for our teams to reach a goal of exceeding those recovery numbers."

An additional significant advantage to using this unique approach is that credit bureau scores were not used to score the consumer's probability to pay. Not only is there a significant cost to IC System to obtain the credit bureau scores but there is a potential negative impact on the individual consumer. In addition, The Federal Trade Commission found that 1 in 5 consumers had a confirmed material error in their credit score.

"A twenty percent error rate is much too high for our approach" said Bakewell. "While there is some correlation between a consumer's credit bureau score, a combination of other factors, like debt amount, age of debt, etc. is much more predictive of whether a consumer will pay a bill or not."

To obtain a copy of the full white paper go to https://www.nlplogix.com/ai_debt_recovery/

About IC System

IC System is one of the largest receivables management companies in the United States. Celebrating its 80th year, IC System is a family-owned, privately held accounts receivable management firm in its third generation of family ownership. IC System provides customized, tailor-made debt recovery solutions for healthcare, dental, financial services, small business, government, utilities, and telecommunications industries on a nationwide scale. With their Core Values (People, Pride, Integrity, Performance, Innovation) driving every business decision, the nationally licensed IC System maintains a 16-year average client tenure, has more than twelve million debts for $6 billion placed annually in their inventory, and is endorsed by over 450 professional healthcare and trade associations/societies. IC System is home to over 550 employees and has been named a Top 150 Workplace by the Minneapolis Star Tribune.Follow IC System at https://www.icsystem.com, on Twitter at @icsystem or Linkedin.

About NLP Logix

NLP Logix is an artificial intelligence/machine learning product and automation solutions provider, which has grown from a vision in 2011 to one of the fastest growing teams of deep learning practitioners. NLP Logix delivers its solutions through LogixStudio, the company's proprietary automation platform that gives a customer the ability to quickly leverage the growing library of algorithms and deploy them into their workflow. NLP Logix is delivering automation and machine learning solutions to customers across a wide swath of industries, including financial services, energy, healthcare, government, human resources, and others. NLP Logix was recently recognized as one of the top 5000 Fastest Growing Companies in United States by Inc. Magazine. For more information, please visit https://www.nlplogix.com.Follow NLP Logix at https://www.nlplogix.com, on Twitter at @nlplogix or LinkedIn.

 

SOURCE NLP Logix


Marquette Bank Offers Innovative Rent Payment Solutions to Landlords and Property Managers through ZRent | killexams.com real questions and Pass4sure dumps

No result found, try new keyword!Marquette Bank joins ZRent's network of financial institutions to provide online rent collection services to their landlord and small business ... the tenant's bank account and depositing them directl...

Fluidly, the ‘intelligent’ cashflow management SaaS for SMEs, picks up £5M Series A | killexams.com real questions and Pass4sure dumps

Fluidly, the London-based fintech that offers an “intelligent” cashflow management SaaS for SMEs, has raised £5 million in Series A funding. The round is led by New-York based Nyca Partners, with participation from other investors including Octopus Ventures, Anthemis and angel investors Simon Murdoch and Charlie Songhurst.

Claiming to define a new software category, namely “Intelligent Cash,” Fluidly wants to significantly improve small and medium-sized businesses’ cashflow management. To do this it has built machine learning-based technology to predict and optimize the future cash flows for SMEs, thus helping business owners conduct better financial decision-making. As part of this, you connect Fluidly to your business bank account via Open Banking, and to your cloud accounting software.

“Fluidly is then able to access the transaction-level bank and accounting data and it uses this data to automatically forecast future cash flows by predicting when invoices will arrive, get paid or other payments will be made,” explains co-founder and CEO Caroline Plumb. “This gives a business an instant, continuously updated view of their financial future rather than having to model it in a spreadsheet.”

Since launching a year ago, Fluidly says it is now working with nine of the top 20 U.K. accounting firms as a route to market, including BDO, Baldwins and haysmacintyre. The fintech has also formed partnerships with various cloud accounting software providers, and says it is one of the fastest-growing apps on Xero’s marketplace and a “Champion-level” Sage partner.

To that end, businesses sign up for Fluidly on a monthly subscription basis, and Fluidly also sells volume licences to accounting firms and lenders who then in turn offer the SaaS to their own small business clients. Futrli and Float could be considered competitors, but arguably the humble Excel spreadsheet is Fluidly’s main competitor, and a far from optimum solution.

Meanwhile, Plumb tells me the new funding will be invested in product development and engineering to increase the number of platforms that Fluidly can integrate with, and to add new features such as scenario-building and insights to the software’s forecasting ability.

“We’ll be adding smart alerts, scenarios and suggested actions if you might be running into cashflow difficulty,” she says. “We’ll also start to scale our sales and marketing team.”

Adds Hans Morris, managing partner at Nyca: “We are thrilled to have joined Fluidly on their journey as they grow into a major AI/ ML player in the financial technology industry. Cashflow management for SME’s is an area that is long overdue for the kind of innovation that Fluidly is providing.”



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