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.

Screening candidates at the recruitment stage and regular employee monitoring are an integral part of a modern company's risk management system. This approach allows for the timely identification of potential threats, reduction of the likelihood of HR errors, prevention of conflicts of interest, compliance with legal requirements, and maintenance of the company's business reputation.

HR decisions directly affect the stability of the business: hiring errors can lead to financial losses and reputational risks.

Check of candidate must begin with a written consent to the processing of personal data (in accordance with 152-FZ Federal Law). This is not only a legal defense of the company, but also a transparent process of interaction with the candidate.

If the applicant refuses to give consent, this is a serious signal for the employer.

Further the personal identification is carried out:

How Globas helps: In Globas, you can check the status of the legal entity, the date of liquidation, the history of changes and possible affiliation with the applicant.

The employer must make sure that the applicant is not wanted and is not involved in illegal activities.

The check is carried out via:

If the applicant is on these lists, it is necessary to issue an official refusal of hiring and notify law enforcement agencies if necessary

The availability of significant debts is a serious indicator of the financial reliability of the applicant. Special attention should be paid to enforcement proceedings for alimony obligations, tax debts or fines. For example, an applicant with large alimony debts may signal unreliability.

According to the 127-FZ Federal Law, citizens declared bankrupt cannot hold managerial positions for:

Check is mandatory for management positions.

How Globas helps:

Check of the judicial history of the applicant is one of the key stages in assessing reliability. It is especially important for employees who will make management decisions, work with finances or represent the interests of the company.

Such an analysis allows to assess the reliability of an individual, identify the judicial risks (for example, the availability of criminal, civil or administrative cases) and prevent potential problems in cooperation, hiring or other interactions. This allows to understand whether the person was a participant in the proceedings as a plaintiff, defendant or third party.

How Globas helps:

Despite the popularity of self-employment, the transition of an employee to this status is a risky practice. The Law No. 422-FZ prohibits concluding a civil contract with a person who worked at your company under an employment contract less than two years ago and is now self-employed.

How Globas helps: checking the status of a self-employed person at the time of opening the Person's profile.

Conflicts of interest are especially important when making deals. A transaction with a conflict of interest is a transaction with a personal interest, which means increased legal risks and possible damage to the interests of the company.

Examples:

How Globas helps:

When checking applicants, it is important to take into account not only classic legal and financial risks, but also sanctions restrictions.

If it is about hiring to a Russian company, international sanctions regimes may not be directly applied. However, national legislation requires consideration of a number of limitations:

Moreover, many organizations have internal corporate policies that provide for:

How Globas helps: The Sanctions Compliance allows to screen a candidate for all key lists of sanctions compliance: sanctions, terrorists, extremists, foreign agents, PEP, undesirable organizations.

An applicant's affiliation with other companies and individuals can pose serious personnel, legal and reputational risks, especially when it comes to hiring for managerial or financially significant positions.

How Globas helps: The Links tool allows you to build interactive graphs of links between objects, identify both direct, indirect and archival links.

The check does not end after hiring.

Regular monitoring of employees is a part of systemic personnel security.

How Globas helps:

Checking applicants while hiring and regular monitoring of employees are not a formality, but a key component of the personnel risk management system. This approach helps prevent conflicts of interest, reduce the likelihood of recruiting errors, protect the company's reputation and comply with legal requirements.

Globas provides a set of tools for in-depth and quick check of persons: from basic identification and verification against negative registries to analysis of links and monitoring of changes.