Energy & Utilities
As in so many other industries, energy providers also regularly deliver their services in advance and allow their customers to pay on open account. Therefore, timely payments and avoidance of payment default are essential for electricity and grid operators. CRIF's Credit Check provides an initial check of the reliability of customers.
CRIF has developed a solution for better credit risk assessment, especially for the energy sector. This service is based on the sector's information about the payment behavior of its customers and enables energy providers to take more rapid action to prevent defaults. This solution can be further enriched by integrating payment account data, providing a powerful solution to improve the creditworthiness evaluation and seizing relationship development opportunities within a credit and/or verification process (N.E.O.S. – CRIF New Evaluation Open Suite).