Risk Management - Articles
How data integration can support decision-making in the international business assessment processes
April 27th 2023
Decisional business processes are facing several challenges coming externally and internally to the companies. Never mind if the subject to be evaluated is a customer or a supplier.
The market is required to be very quick in making decisions with the aim to meet economic targets. Strictly linked to this point, companies are obliged to define automatic flows based on pre-defined rules. In such a scenario, a specific challenge is how to guarantee accuracy combined with speed. There is of course a specific point related to technological tools that must be efficient but it’s not enough. ERP can help in business processes if fed by a combination of internal data and data providers ones. Only in this way, the automatically generated decision can be based on inner experience and external and objective information.
This challenge is particularly complex if the subjects to be evaluated are located everywhere in the world. In fact, different local legislation can generate discrepancies in data availability and affect the overall process in terms of timing and effectiveness in a standard and automatic process.
SkyMinder, CRIF worldwide business information platform, is able to provide best-in-class business information on worldwide companies and, thanks to API, integrate them into the company’s management systems.
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