TransUnion LLC delivers a highly prized product. Trust. Whether you’re a financial institution looking to loan money, or a consumer looking for credit education tools. TransUnion provides the necessary assurances needed for both parties to move forward, with confidence. As TransUnion puts it: “We’re committed to ensuring every individual is reliably represented in global commerce so consumers and organizations can transact with confidence and achieve great things. We call this Information for Good.”
Growth through procurement
One of the ‘Big Three’ largest consumer credit reporting agencies in the United States. TransUnion collects and aggregates information on over one billion individual consumers in over 30 countries. In the United States alone, it profiles 200 million files, equating to just about every credit-active consumer in the United States. It provides markets with credit reports and related services and other credit and fraud-protection products directly to consumers.
TransUnion is growing. In 2021, TransUnion acquired Neustar, Inc. and Sontiq. Neustar is the company‘s largest acquisition to date. A year later, Verisk Financial Services was acquired. TransUnion is on an upward trajectory.
Delivering a forward-thinking procurement function at a rapidly expanding enterprise is not easy. Especially when the absorption of new companies into the business introduces dramatically different ways of working, plus existing staff and real estate. Even if there are existing vendor contracts similar to one’s own, for example, they will still need to be renegotiated.
The person placed in charge of overseeing procurement at TransUnion is Damon Ascolani, SVP, Head of Global Procurement, Facilities, Real Estate and Travel. We join Ascolani at TransUnion’s Chicago headquarters to see the roles procurement is currently performing at this rapidly evolving enterprise…
