In today's business world, where the scale of operations is growing and competition is becoming increasingly fierce, the choice of reliable partners is of the utmost importance. That is why automatization of counterparties check is a tool ensuring greater efficiency, reliability and security in business partnership.
Decades ago, the process of checking counterparties was limited to manual analysis of a small volume of information. However, with the rapid development of technology and the growing amount of data that businesses deal with today, this approach has become not only less effective, but also risky.
How to avoid cooperation with companies that have financial and legal problems? How to ensure compliance with legislation and standards when there are many parameters to consider? How to minimize the error rate, human factor and potential losses? Automatization is the answer.
Automated counterparties check has many advantages that contribute to a more efficient and secure business. Instead of the traditional, error- and cost-prone, manual analysis process, today's businesses are turning to intelligent systems and programs that can process large amounts of data, identify trends, recognize patterns, and provide relevant, accurate, and up-to-date information about potential partners.
Globas uses over 300 sources of information to access counterparties activity, analyzes and checks all the data, selects the main and provides the result of the check in a convenient format.
Instant data exchange using Globas.API allows to integrate data from Globas into your corporate system. For example accounting or management programs 1C, Bitrix, CRM, SAP, as well as own developments.
Instant data exchange using Globas.API allows to integrate data from Globas into your corporate system. For example accounting or management programs 1C, Bitrix, CRM, SAP, as well as own developments.
Here are Top 5 main reasons for automating partner verification:
- Efficiency and speed. Automation allows to check partners much faster. This is especially important with a significant number of counterparties. Integration with Globas.API helps to analyze large bulk of data and get results in the shortest possible time.
- Minimization of errors. The human factor can lead to errors during manual check. Globas.API based automated systems allow to eliminate errors caused by the lack of focus or fatigue.
- Risks reduction. Automated companies check allows to identify suspicious or unreliable counterparties having problems with law, financial problems or negative reputation. This reduces the likelihood of partnerships with unfair companies.
- Regulatory compliance. Depending on the industry, there are different legal requirements for counterparties check. Automation makes it easier to comply with these regulations and to provide documentation of the checking process. The Reports integrated into Globas allow to automate the processes of checking counterparties in a short time in accordance with your corporate regulations.
- Saving time and resources. Manual check requires significant resources, i.e. time, staff and funds. Automation reduces the cost of this process, freeing up resources for other business tasks.
Continuously changing market conditions, high speed in decision making, multitasking and the need to reduce risks require modern approaches to the checking procedures.
Globas. API
Up-to-date information of counterparties in your corporate system
Information Agency Credinform has extensive experience in supporting the automation of enterprise checking procedures, both in the real and financial sectors of the economy. If you are thinking about automating your economic security activities, please, apply for trial access to Globas. Our experts will advise on possible ways of integration and will help to select the best solution.
