eCredit Recognized as Number One Multi-Bureau Scoring Solution

eCredit, the leading provider of online solutions for credit and collections professionals, today announced that the Credit Research Foundation has found eCredit is the top multi-bureau credit scoring solution in its recent updated study of business credit scoring. eCredit ranked behind only D&B RAM/eRAM and in-house systems as the most widely-used credit scoring solution.

The Credit Research Foundation, an educational organization that has conducted research on business credit since 1949, has issued several studies on credit scoring in the past. This most recent study indicates a trend towards increased adoption of credit scoring, with 64% of those respondents who are not currently using credit scoring indicating that they plan to implement it within the next 5 years. Moreover, the study demonstrated that it is credit managers themselves driving this change, with 7 out of 10 reporting that they were the catalyst behind the implementation of the credit scoring solution.

"It appears that the advent of credit scoring in the management of B2B receivables is upon us," said Lyle Paul Wallis, CCE, Vice President of Research, Credit Research Foundation. "Demands prompted by internet commerce, pressures to do more with less, compliance issues and competitive pressures will continue to drive the movement towards the application of credit scoring and statistical modeling to the management of B2B receivables," continued Wallis.

"As the transformation of the credit management profession continues, eCredit is proud to be leading the way with our world-class credit scoring solutions," said Jim Swift, eCredit President and CEO. "We salute the Credit Research Foundation and its members for being at the forefront of this change that is helping organizations of all sizes, across all industries, optimize accounts receivable management."