FinComply is a BCS compliance product that provides clients with an assessment of a Vendor or Tenant’s creditworthiness and financial stability in both the United States and throughout the world.
It draws on a comprehensive repository of business identity data updated monthly by Experian® commercial bureaus and partners across the globe, such as credit rating information, credit risk, and credit limit recommendations that our clients can use to mitigate risk when dealing with their vendors, suppliers & commercial tenants.
Experian®’s unique data sets cover both U.S. and International businesses. Their US database spans more than 27 million small/medium businesses and their Global Data Network can provide information on +225 countries. We leverage proprietary Experian® regional data and partnerships to bring best in class data from around the globe.
We start with a vast repository of trusted data sets that include both proprietary and traditional information:
Our financial screening solution can give you a current snapshot of the potential company and its principal(s) before you commit your capital to a custom buildout. This can prevent you from wasting your resources negotiating a lease with them.
FinComply can help you know if the subcontractor is capable of performing the subcontract to your satisfaction, and whether or not they are financially healthy enough to complete the entire subcontract. A financially weak vendor/subcontractor may perform sub-par work, leaving you with additional costs to have the work fixed.
If you work with specialized suppliers, a partner that supplies a component/service that is critical to your process and that suffers from financial difficulties can be catastrophic to your business. FinComply helps you understand your suppliers’ financial health so you can easily identify & mitigate supply chain risks.
Experian’s domestic database contains more than 27 million businesses, with comprehensive business credit reports that capture information such as key facts about the business, corporate registration and contact information; summaries of collections and payments; Uniform Commercial Code filing information; banking, insurance and leasing information; bankruptcy filings; judgment filings; tax lien filings; etc.
Financial Elements of FinComply for international Vendors include, but are not limited to: