The processing of data of enterprises: how does it work and what are the advantages?
What does Graydon do?
Graydon believes that transparency improves trust between business partners and that business traffic is stimulated if organisations have an accurate picture of the opportunities and risks of (potential) collaborations. Therefore, Graydon collects, enriches, and combines (public) information from and about organisations and thereby generates valuable insights. With those insights, Graydon enables its clients to make better substantiated business decisions. For example, for engaging, maintaining, or expanding a collaboration. Having insight into the (financial) status of an organisation, prospect, or other relation helps make with this. In addition, based on its database, Graydon makes various analyses that enable its clients to strengthen their competitive position. Graydon’s clients include large and small organisations, government institutions, and associations from various sectors.
What does Graydon do with the data of enterprises?
Graydon uses information about companies from public sources, such as the Trade Register, public registers (such as the insolvency or curator and administrator register) and court judgments such as those published on rechtspraak.nl, websites like Overheid.nl and in the National Gazette. Combined with data from the enterprises themselves, this yields useful and valuable insights about, for example, the financial health, the corporate structure, or notable characteristics of companies.
The information that Graydon processes about enterprises generally contains contact information for the organisation, information about directors (such as name and date of birth and the period for which someone is or was a director), shareholders and proxies, data about the ultimate beneficial owner, financial data based on annual accounts and the payment behaviour of the organisation based on the payment experiences of other organisations. This collected data is used in different ways but always for the purpose of providing a truthful overview of an organisation, signalling growth opportunities, or providing insight into risks. For example, in the area of having invoices paid, identifying rapidly growing organisations, recognising potentially fraudulent business partners, screening directors and other beneficiaries of an organisation, or facilitating faster and easier compliance with legislation, such as the Financial Supervision Act or the Sanctions Act. Thus, saving a lot of unnecessary paperwork and thereby time.
What are the advantages for enterprises who are included in Graydon’s database?
For all enterprises, clients, suppliers, and other business partners, it is important to know who they are in business with. Not just Graydon’s clients, but also enterprises in general benefit from the insights Graydon provides:
- Based on this, enterprises can more easily and more quickly gain access to supplier credit, subsidies, or other forms of financing (including for example vehicle leasing).
- Enterprises can do business more quickly. With the aggregated information provided by Graydon, enterprises can for example be accepted as a customer or supplier more quickly. Without that aggregated and validated information, enterprises themselves would be asked to provide all kinds of information about. This unnecessary takes a lot of time and effort and in addition results in enterprises having to supply more and more detailed information. Causing information to reach different suppliers in fragmented forms.
- Doing business is all about trust. Small enterprises generally do not have the (financial) resources at their disposals that large businesses can devote to all kinds of campaigns to build up the trustworthy image of the organisation. Because Graydon’s insights in companies are compiled in a uniform way for every organisation – however big or small it may be – small enterprises can also easily obtain trust based on this information. Thus, stimulating the economic traffic.
- Enterprises can do business with more confidence. In part due to Graydon’s insights, the legal certainty, transparency, and trust in the economic traffic is stimulated. Without these insights, organisations are unable or less able to form a clear picture of the organisations they are in business with or want to go into business with.
Graydon improves transparency and trust between business partners, often even faster and possibly more objectively than companies would be able to do for themselves. Small enterprises in particular benefit from this. More often than not, they do not have the (marketing) resources at their disposal that large corporations can utilise to improve their visibility, reputation and trustworthy image in the market. Without Graydon’s information, this would have direct and adverse consequences for the (small) enterprise: obtaining credit becomes more difficult and they are less likely to successfully engage in business relations.