North America is presenting in general a lowdata friction. It means process related to companies data collection and data updating are quite easy, even if there are some specificities. Level of digitalization is maximun, limitation in data availability is linked to legislations and rules.
In US filing requirements for registry data are different considering data type and filing office. Rules and regulations linked to US business will differ across each state and also data required to register will vary. Courts haven’t a uniform structure related to suits, liens and judgements. Each court determine it’s own system and the minimum level to follow. Requirements related to UCC and Bankruptcies/Insolvencies are following standards requirements very similar and consistent across states. Only companies quoted at Stock Exchange are required to file Balance Sheets, for Private Companies is a volunteered process. Year end financial statement of companies listed are usually released in May.
In US main data are related to public records like Public Register and Courts and payments data sources delivering all information related to companies.
SkyMinder, having in mind this scenario, is able to offer Credit Report working with the best local providers on all North American companies, without any exclusions. For US, SkyMinder is providing the maximum level of flexibility delivering both online and offline reports thanks to fresh investigation. All economic registered entities are covered, regardless legal form or other firmographic indicators related to its dimension. Thanks to accurate and high quality process, also evaluation data like rating and credit limit are available to best assess the company creditworthiness. Also payment information are available, giving useful information to take a risk decision.
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.
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.