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What is TransUnion TruVision?

Establish a finely tuned balance between risk and opportunity by implementing risk management strategies that identify and engage with the most appropriate customers during the entire account lifecycle. Leverage unique data sources to assess the potential risks of offering certain products or services, while also detecting early warning signs of collection difficulties or defaults. This method fosters more confident interactions with the right individuals and businesses, thereby enhancing financial inclusion. By acquiring a more profound understanding of consumer behavior, organizations can make well-informed choices regarding risk. Moreover, this understanding improves the capacity to effectively mitigate risks, which in turn protects profit margins. Access to relevant data can support customers who are at risk of delinquency, while also shedding light on the associated risks of offering credit, ultimately decreasing the chances of defaults. This approach not only facilitates increased approvals and enhances pricing accuracy but also addresses risks related to insurance underwriting through better insights that enable advanced pricing strategies. Additionally, it allows for the optimization of coverage, pricing, and expenditures, resulting in improved loss ratios and a more resilient financial structure. Such a holistic approach to risk management guarantees that organizations can prosper while keeping a steadfast commitment to sustainability and responsible practices. Ultimately, this strategy positions businesses to not only survive but thrive in an increasingly complex economic landscape.

What is Pims Risk Management?

This framework provides a holistic perspective on various opportunities and challenges, ensuring that both team members and stakeholders have a shared understanding of the associated risks, processes, and their specific roles. The Risk Management system is crafted to tackle potential impacts on your organization or project, covering both beneficial and detrimental outcomes. As a qualitative resource, it supports the identification, documentation, and dissemination of risks, allowing users to easily access relevant risks and their corresponding mitigation plans. Users can effortlessly update or alter details with minimal assistance needed. Key elements of this process involve recognizing opportunities and threats, evaluating and prioritizing them, and consistently monitoring progress while keeping the risk matrix and related actions up to date. This tool not only facilitates effective prioritization and communication of risks but also tracks mitigation efforts meticulously, offering a thorough historical record of each risk's development over time. By promoting a structured approach to risk management, this system significantly improves decision-making and strategic planning within the organization, ultimately contributing to a more resilient operational environment. Additionally, the collaborative nature of this framework encourages a culture of proactive risk awareness among all team members, further fortifying the organization's overall risk posture.

Media

Media

Integrations Supported

PremierCashier
TrueTargeting

Integrations Supported

PremierCashier
TrueTargeting

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

$27 per user per month
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

TransUnion

Company Location

United States

Company Website

www.transunion.com/solution/truvision

Company Facts

Organization Name

Omega

Date Founded

1992

Company Location

Norway

Company Website

omega.no

Categories and Features

Risk Management

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

Categories and Features

Risk Management

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

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