Prediction and identification of potential customers' financial stability and risk profile

New business relationships represent new opportunities, but can also hide risks; therefore, it is important to carry out some proper investigations before dealing with unknown partners. 

Let’s see together main steps to follow in this process:
  1. Step one

    Customers ‘creditworthiness is the first assumption to start a new commercial relationship, in order to avoid dangerous loss of resources with subjects in uncertain economic situations.

    Consulting a Full Report or a Slim Report, it is possible have an immediate confirmation of the current risk level and the specific indication of the rating and the credit limit recommended for the company in question. 

  2. Step two

    Dangers in a new business relationship can depend by not only the economic size, but come from other factors, like an ambiguous management or ownership of the company we are making business with. Having a clear idea of the corporate structure is the only way to prevent unpleasant surprises. All data regarding this aspect can be found in the Verification Report making clear firstly the identity of the beneficial owner.

  3. Step three

    When we are making business with a company, its reputation become our reputation. Verify if our partner is implied in illicit or criminal activities is a fundamental step to do before start every kind of operation. Compliance Check Report and Extended Compliance Check Report are apposite tools to make this kind of verifications, checking if a subject is present in lists regarding every kind of crime (fraud, terrorism, money laundering etc.) and if he respect the compliance regulations. 

  4. Step four

    Assessed all these information, it is necessary keep in mind that these data are not forever the same. Changes in a company situation are frequent and it is necessary react consequently to not be affected. Monitor our partners is the key to be constantly aware of what happens and take appropriate decisions to our business. Monitoring Solutions are the easiest way to perform this continuous assessment.

SkyMinder Use Cases

Evaluate Customer
Chart User Light

Evaluate a customer

Having a healthy relationship with a customer means be sure that payments related to provided good and services are done as agreed.

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Assess Supplier
Box Circle Check

Assess a supplier

Work efficiently with a supplier means be sure that goods and services agreed are provided as previously defined.

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Know Your Competitors
Magnifying Glass Chart

Know your competitors

Being informed about competitors provides a crucial advantage in the market and represents the key to take strategic business decision.

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Meet Compliance Requirements
File Circle Check

Meet compliance requirements

Meet compliance requirements is now very important in an evaluation process.

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Avoid Cyber Risk
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Avoid cyber risk

Cyber risks evaluation is crucial in a company risk analysis. In a digital world, cybercrime is constantly evolving and nowadays cyber-attacks represent the frequent and dangerous menace for business.

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