Consumer credit information company Trans Union LLC (www. transunion.com) recently released Envison, a system designed to allow various utility companies to share each other`s commercial and consumer-specific data to more effectively screen customers and minimize bad debt losses.
Envision`s Internet browser-based interface gives participating utility providers access to databases that include service period information supplied by contributing companies. For example, utilities might choose to share connect, disconnect and write-off information. Envision subscribers would use the data to positively identify customers, make credit and deposit decisions and aid collections.
The Envision system also allows users to warehouse information for later data mining. Contributing companies are expected to keep the Envision system current by providing regular updates.
Contact: John Card, Trans Union, (303) 798-3778, or Trans Union Communications & Energy Group, (888) 396-8361.
