Oceania: Short Market Guide

Oceania is presenting a medium data friction. It means process related to collection and updating data related to companies can presents some issues mostly linked to rules and legislation. Level of digitalization is high but doesn’t affect all economic entities.

Companies are generally required to file, but for small companies with VAT ID only isn’t mandatory. This isn’t a minor limitation as small companies can represents more than 80% of the overall economic entities. In addition, as strong data protection law involve this kind of entities, data available are very few.

Financial information available is very limited due to regulations. Very few rooms in collecting information interviewing subject as they’re quite reluctant to disclosure,

Level of digitalization is high for companies required to file information at public sources, very low for the ones not 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. Based on Credit Report but with a synthetic content, Slim Reports are available on Australia. They’re including basic official and unofficial data and evaluation information like rating and credit limit. Credit Report and Slim Reports have the same level of updating and data quality.

To be updated if a company is affected by changes, 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.

Finally also Cyber Risk can be underlined using KYND Cyber Risk Report in a complex evaluation process.

Despite This scenario, via SkyMinder is possible to obtain products based of high quality level and updating thanks to local partnership with companies acting in Oceania.