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CARY, NC (Feb. 23, 2010) - SquareTwo Financial, a leader in the $40 billion asset recovery and management industry, selected SAS, the leader in business analytics software and services, to help make better real-time business decisions. Numerous variables affect the success potential of SquareTwo Financial's business and a main concern was more effective and efficient data analysis paired with its unique asset recovery model to recover charged-off assets.
"Our rich repository of data and industry-leading analytic modeling is one of our strongest competitive advantages, and we need the ability to run very sophisticated models that are dynamic and scalable," said L. Heath Sampson, Chief Financial Officer at SquareTwo Financial. "SAS is a leader in providing the solutions that help our talented analysts spend less time coding and more time testing and supporting business decisions."
SquareTwo Financial plans to run SAS predictive technologies, SAS(r) Enterprise Miner TM and SAS(r) Forecast Server, in a powerful grid environment to accelerate charged-off debt from red to black. Since the firm's financial services business is data-driven, SquareTwo Financial can gain a significant advantage by using powerful analytics to turn internal and external data into accurate business information in real time.