Atlantic, Pacific and Indian Ocean Island is presenting a high data friction. It means process related to collection and updating data related to companies is in general complicated both in term of rules related to registration, public bodies in charge and data availability itself.
Find out a company isn’t an easy task and requires an in depth knowledge of processes and territory. In this scenario, combine so called ‘public sources’ to ‘informal sources’ is mandatory. It means interview of commercial partners to collect fresh information, have a good networking and also take into account that oral communication culture is still in place and a very good method to get information.
Level of digitalization is very low, for some countries is an on going process, but a common point is related to the fact that updating of companies registries isn’t automatic but a manual process is always required.
SkyMinder, having in mind this scenario, is able to offer Credit Report working with the best local providers without any exclusions. Every economic entity acting on the market, regardless legal form or other firmographic indicators related to its dimension, can be requested via SkyMinder. Credit Report is produced thanks to a fresh investigation flow leveraging on official and unofficial sources and local data. Thanks to this accurate and high quality process, also evaluation data like rating and credit limit are available to best assess the company creditworthiness.
To be updated if a company is affected by changes in a scenario with a high data friction, via SkyMinder is possible to combine to reports also Planned Revision, a service able to verify periodically is something new is affecting company. This is a very powerful tool to understand how a business partner is acting in a scenario where data collection isn’t automatic and based a very critical flow.
Thanks to KYC Report is possible to obtain information related to company structure and shareholding. Also financial crimes, bribery and corruption, terrorism are topics to take care when evaluate a company, both in term of risk management and reputation. In this case, SkyMinder has a double offering with two products, Compliance Check Report and Extended Report, able to verify if company required or shareholders and principals are connected to financial crimes.
Despite high data friction, via SkyMinder is possible to obtain products based of high quality level and updating thanks to local partnership with companies acting in Atlantic, Pacific and Indian Ocean Island area.