Omnium Worldwide Selects IBM Balanced Warehouse to Enhance Data and Accounts Receivable Collections
IBM (NYSE: IBM) today announced that Omnium Worldwide, a national provider of accounts receivable and cost containment management solutions in the telecommunications, healthcare, insurance and financial services industries, has tapped IBM’s new DB2 Balanced Warehouse to enhance the accuracy of information used by its accounts receivable and debt collection units.
Omnium chose the dynamic warehousing capabilities of IBM’s Balanced Warehouse for its ability to seamlessly integrate with Omnium’s SAS environment. This allows Omnium to quickly analyze large volumes of data and identify duplicate payments, under- or over-payments and other material inaccuracies that occur more frequently as information management complexity increases within key business-to-business and business-to-consumer industries. These transactional mistakes are often buried under volumes of data and the high cost of detection has typically resulted in these mistakes being written off as a cost of doing business.
“IBM’s Data Warehouse solution allows us to analyze large volumes of data and identify those transactions that our predictive scoring models utilize to determine the probability that a transaction is an overpayment,” said Ed Peabody, Director of Technical Consulting, Omnium Worldwide. “A key factor in our decision to choose IBM was their ability to meet our need for rapid analysis and turnaround of data. Of all the vendors we looked at, only IBM succeeded in addressing our requirements for fast response time.”
Omnium is recognized as a pioneer in implementing automated methods for pursuing hidden errors in business information. However, the exponential growth of its data warehouse requires Omnium to perform a sustained, real-time analysis of this information since its customers require potential data errors to be discovered and handled before they impact their business operations.
The IBM Balanced Warehouse offering enables complete warehousing solutions with pre-configured software, hardware and storage, providing faster implementation times with lower risk. It includes the DB2 Warehouse -- based on the DB2 9 “Viper” data server -- which provides a unique set of features and capabilities that support growing customer demand for analytics and Information on Demand.
IBM’s Balanced Warehouse provides data movement and transformation capabilities to reduce the complexity and lower the costs typically associated with loading data into the warehouse and preparing that data so that it can be leveraged more effectively. It also offers performance optimization capabilities that enable the warehouse to address broad enterprise warehousing requirements, such as advanced data partitioning and workload management to ensure that the most critical applications are serviced accordingly. Additionally, the IBM Warehouse takes advantage of Viper’s deep compression capability which can drastically reduce the amount of physical storage capacity required by customers.
For more information on IBM’s dynamic warehousing initiative and DB2 Warehouse visit: www.ibm.com/software/data
About Omnium Worldwide
Omnium Worldwide, a subsidiary of West Asset Management, is a national provider of accounts receivable and cost containment management solutions in the communications, financial services, insurance services and healthcare industries. Omnium’s 37 years of experience and expertise in collections has enabled it to provide its clients with innovative and strategically sound accounts receivable management solutions.
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