From company's data to SkyMinder Business Information
Every country is different on how to collects information related to companies, like registration, negative events, structure, financials etc. end it could represent a friction.
Data availability, updating, processing automatization, IT infrasctructure are representing items to compare different countries.
Data friction shows the level of business data availability, accessing and updating.
It means that bodies in charge of filing data related to companies are very often not centralized and acting at local level not connected each other.
In addition, if the process to update a company profile, for example after a change in number of employees, address and so on, is manual, becomes more complicated and time consuming having a new company overview taking care of the new data.
Data Friction can be classified in in 4 tiers:
Tier 1 - good data availability and accessibility: detailed information, constant and proactive updating.
Tier 2: medium level of data availability, but critical in terms of accessibility and updating, which is only reactive.
Tier 3: limited data availability combined with access difficulties due to the ongoing organization of public sources.
Tier 4: poor company data availability.
SkyMinder is able to deal with all these scenarios thanks to CRIF’s local presence and long-standing relationship with local business providers, ensuring always a high standard of business reports.