Portfolio Module: Mass Screening and Monitoring of Counterparties in Globas

In the counterparties' screening, the trend towards mass analysis of companies is becoming more and more notable. The growth in the number of partners, the complication of regulatory requirements and the increase in the amount of available data form a request for tools that allow assessing risks not pointwise, but immediately across the entire array of counterparties.

Security, compliance and financial control experts are increasingly focused on solutions that allow a large number of companies to be audited in an automated manner and get an overall picture of risks as soon as possible.

Consistent and spot check of companies remains a common method, however, with an increase in the number of counterparties, this approach becomes less effective. The analysis of each company takes time, and when working with dozens, or even hundreds of organizations, the process can be delayed for a long time. In this case, an additional risk arises: in companies that are screened at the beginning of the cycle, new negative factors may appear that can affect the reliability of cooperation.

Even with a small number of counterparties, a one-time check does not give a complete picture of the risks in the long term. Companies are in constant dynamics, and the absence of negative factors at the time of screening does not mean their absence in the future. Therefore, regular monitoring and monitor of changes become a mandatory part of cooperation with counterparties, regardless of the size of the portfolio.

The issue of mass screening is especially acute for organizations with hundreds or thousands of counterparties. Under such conditions, manual screening requires considerable labor. Maintaining a large staff dedicated to checking companies on a daily basis is not always financially efficient. As an alternative, specialized tools are increasingly used to automate processes, reduce the burden on employees and focus on really significant risks.

The Portfolio Module in Globas is one of the solutions.

The Portfolio Module is designed for mass screening and monitoring of counterparties and allows to build a systematic approach to risk management. The Module provides daily screening of all companies in the portfolio of counterparties and automatically informs the user about the emergence of factors requiring attention:

This allows to abandon the constant manual control of each company and quickly respond to changes that may affect further cooperation.

In addition to monitoring of existing counterparties, the Portfolio Module can be used for initial analysis of companies, for example, when selecting suppliers, participating in procurement, signing or renewing contracts. The User receives aggregated information on the entire portfolio of counterparties and can quickly identify companies with an increased level of risk, focusing on them.

As the volume of data grows and the requirements for checking counterparties increase, a mass approach becomes an integral part of risk management. The use of the Portfolio Module in Globas allows to transform the verification and monitoring of companies into a structured and managed format, reduce the cost of routine operations and increase the transparency of cooperation with counterparties.