06
April
2009
|
09:23 AM
America/Chicago

ABI partners with TransUnion to help mitigate risk; beverage leader transitions to credit-based environment with commercial clients

  Johannesburg, South Africa -  Amalgamated Beverage Industries, the soft drink division of the South African Breweries Limited (ABI), partnered with TransUnion to enable ABI to extend credit to its commercial client base. ABI will be leveraging TransUnion's risk management solution, which includes the innovative Debtor Ranking solution.

The Debtor Ranking solution rapidly collates commercial data, based on a set of customisable rules and provides an intuitive view of the potential risk associated with each debtor. The solution ranks debtors on potential risk (high, medium or low and an associated score) which enables ABI to make the right choices when extending credit. 


"At ABI we are shifting from a cash-based environment to a credit-based environment. TransUnion's risk management solution has allowed us to quickly enter the credit market, which is key to our strategic move away from drivers collecting cash directly from our customers. The solution is extremely flexible and caters for our business requirements. It is ideal solution for our account application process and ensures a better overall customer experience, which is one our key differentiators." said Sandy Pillay, National Credit Risk Manager


"We appreciate the opportunity to work with ABI and trust that this is the beginning of a long standing partnership. The solution allows for easy interpretation of debtor risk whilst providing an affordable entry into the analytical environment," adds Thamir Hassan CEO of TransUnion Analytic and Decision Services of South Africa.


 

About ABI

Amalgamated Beverages Industries, the soft drinks division of The South African Breweries Limited (ABI) is one of the leading soft drink businesses in the international SABMiller plc group of companies and remains one of the largest producers and distributors of the Coca- Cola Company brands in the southern hemisphere.


ABI is committed to being an integrated non-alcoholic beverage company and continually seeks opportunities to build even better relationships with customers, consumers and the wider community.


About TransUnion 

As a global leader in credit and information management, TransUnion creates advantages for millions of people and businesses around the world by gathering, analysing and delivering information. 

For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive data and advanced analytics and decisioning. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Based in Johannesburg and Pretoria, with global headquarters located in Chicago in the US, TransUnion is Africa's oldest and leading provider of data-based business intelligence solutions. Visit www.transunion.co.za or www.mycredit.co.za for more information.

 


 Executive Director: Analytics, from TransUnion Analytic and Decision Services (ADS) comments: "The risk management solution is designed to maximise market share in a targeted and sensible manner whilst managing risk optimally. It has given companies greater control over the account origination process and provides them with a competitive edge in that it is very predictive, a significant advantage in the current economic conditions."


TransUnion Analytic and Decision Services have been building comprehensive risk management solutions for the vehicle financing industry since 1989.


About TransUnion 

As a global leader in credit and information management, TransUnion creates advantages for millions of people and businesses around the world by gathering, analysing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive data and advanced analytics and decisioning. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Based in Johannesburg and Pretoria, with global headquarters located in Chicago in the US, TransUnion is Africa's oldest and leading provider of data-based business intelligence solutions. Visit www.transunion.co.za or www.mycredit.co.za for more information.