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Product News: Software
Information Systems help mitigate credit and supplier risk.
Press Release Summary:
Feb 04, 2014 - Blending internationally comparable company information from BvD with customer's own data, Credit Catalyst and Procurement Catalyst provide insight on counterparties and suppliers, respectively. Both dashboard-driven platforms highlight key areas of risk across users' portfolios. Other benefits include centralization of crucial intelligence, ability to archive snapshots, and ability to monitor companies and portfolios for changes and to get triggered workflow actions.
Original Press Release
Bureau van Dijk Takes the Risk Perspective
Press release date: Jan 27, 2014
Bureau van Dijk (BvD), the leading publisher of company information, is launching two new solutions for assessing and mitigating risk. These new products are additions to its Catalyst range. The Catalyst range was created to help customers use BvD's data for specific tasks for faster results and improved efficiency. Credit Catalyst and Procurement Catalyst both blend internationally comparable company information from BvD with the customer's own data, to give improved insight on counterparties and suppliers respectively. Credit Catalyst and Procurement Catalyst will be available from January 31st.
Both Credit and Procurement Catalyst are dashboard-driven platforms that highlight key areas of risk across the users' portfolios (counterparties or suppliers). Individual companies are displayed in detail in bespoke dashboards. Other benefits include the centralisation of crucial intelligence, the ability to archive snapshots, the fact that data becomes structured, the ability to monitor companies and portfolios for changes and to get triggered workflow actions.
Information from BvD's 'data universe' that can be pulled into the user's dashboards includes standardised financial accounts and financial strength metrics, corporate ownership structures and beneficial owners, news (with negative sentiment indicators) plus potential politically exposed persons (PEPs) associated to a company or inclusions on sanction lists. Information from the customers' own records includes internal ID numbers, their own knowledge of a company (trade experience or internal credit rating), the relevant business unit (segment) plus spend figures. This combination of intelligence is ideal to manage reputational risk as well as financial risk, and users can on-board new suppliers as well as monitoring existing suppliers or counterparties.
"The ability to instantly see your riskiest areas is a key benefit," according to Louise Green, BvD's group marketing director, continuing, "You can immediately see where you need to prioritise your resources. The ability to blend both internal knowledge and external intelligence in one platform offers huge opportunities for insight and improved efficiency. For example, you can view your portfolio from a corporate group perspective so you can assess group stability and, most importantly, see your group spend figures and exposure - in seconds. Flexibility and automation are also key elements. Users can create their own dashboards and scoring methodology - so tailored analyses and scoring companies are fast, automated processes."
Credit and Procurement Catalyst join Compliance Catalyst in BvD's stable of risk-focused Catalysts. Compliance Catalyst was launched in 2013 to help manage and assess risk in the client on-boarding process, and is widely used by regulated and non-regulated firms and for 'Know Your Customer' research.
More information on BvD's product range is available on bvdinfo.com
About Bureau van Dijk
Bureau van Dijk (BvD) is one of the world's leading business information publishers. The company has over 30 offices worldwide. BvD is best known for its range of international company information products that combines multiple high-quality data sources with flexible software to allow users to manipulate data for research, marketing intelligence and analysis. Products include Orbis, Amadeus, Bankscope, and Mint. BvD has a range of Catalysts designed for its various vertical markets - including transfer pricing, credit, procurement and compliance. BvD also publishes the global M&A database, Zephyr.
Group marketing director
Bureau van Dijk