Why Do You Need To Monitor Vital Business Information?
- Every business is a dynamic activity, and you need to be up-to-date on critical business information, analysis and insights
- Risk and opportunity management is an ongoing function. A low-risk account or compliance issue can deteriorate, and a lost opportunity can re-open quickly. To act fast, you need live company monitor capabilities or at least, periodic account review to address impact of the changes quickly.
- Inability to monitor changes can expose you to compliance risks throughout the customer lifecycle.
Any data starts to age the moment it is created. Without a structured method of keeping data fresh and updated, it can quickly become a burden to database manager and become an ineffective decision tool. Not only will it not deliver useful and actionable insights, but it may also prove to be misleading to the users and possibly lead to erroneous analytics.
Monitoring of changes and the ability to update the data is, therefore a must for businesses. It is feasible if the data sources can collect and disseminate fresh data with updates available via technology-driven delivery means since it is very cumbersome to update records in a dynamic database manually.
At CRIF BizInsights
We offer very user-friendly database solutions covering Singapore Registered companies. Our company monitoring capabilities can be extremely important to monitor vital changes of Singapore companies - be it clients, partners, vendors or suppliers.
CRIF BizInsights Advantages
- We offer Singapore company database that is comprehensive and updated almost in real time
- Any data element changes filed by companies with ACRA Singapore and updated in the system can be tracked or monitored
- Reports with the changed data can be sent to you so that you can refresh your records or be aware of potential risks/opportunities arising from this change
- Records in databases can be updated with minimal manual intervention to maintain database integrity, as part of data quality management.