.Perhaps this is justified, since small companies have fewer risks?

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— Not always. You can cooperate with only a dozen “trusted” companies for years, but at some point one of them may go bankrupt, fail to pay the invoice, or fail to fulfill its obligations. And it will drag the entire supply chain down with it. Imagine, for example, that a supplier of components went bankrupt, you were unable to assemble products for your clients on time and violated the deadlines for a large number of contracts, clients in turn violate their contracts where your product was planned to be used, and so on. You can also become a victim of fraudsters and enter into a contract with a non-existent company. Or run into a one-day company and get, along with a dubious contract, a bunch of troubles in the form of fines and penalties from the tax authorities.

And the more difficult the economic situation, the more seriously you need to romania phone number data take the security of your business, checking counterparties both when concluding and when executing contracts for financial solvency and reliability. Any entrepreneur wants to avoid mistakes that can later cost the organization very dearly.

Green Light for Business: How an App Helps Evaluate Counterparties
— When does it make sense to start checking a counterparty, and how is the check itself carried out?

— Check in advance, "before it starts"! Of course, it is best to check potential clients (contractors), preventing problems in the future. For example, before meeting with a new customer, it is worth finding out what kind of company it is, how many people work in it, how it behaves in court, how it ended the financial year?

To collect such general data, the system will perform an express check and issue a quick report on the client in Bitrix24 (this function is activated in the free tariff of the application). The "risk level" when collaborating with a counterparty is indicated by color indicators. Green allows you to move forward, orange gives a signal to pay attention to some points, and pink encourages you to think about whether it is worth doing business with this company at all. If the "color of the business" is alarming, you can view a detailed report on the partner: this is an opportunity to weigh all the risks again and make an informed decision on further cooperation.

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Counterparty risk color category. Green — no danger, yellow — additional check required, pink — high danger, better to suspend operations.

You can monitor counterparty risks at all stages of the transaction: when concluding a contract, paying an invoice, shipping goods, extending a contract, etc. Here, a more detailed check is needed, during which we will find out whether the company is currently profitable or unprofitable, whether the tax authorities have questions about it, whether it is on the sanctions list, whether it participates in government contracts, how it behaves in arbitrations? The application contains more than 100 indicators for assessing counterparties, which are collected from 26 official sources .

The third form of company verification is daily monitoring. Within the purchased number of requests in the application, one TIN can be checked an unlimited number of times. And thus track the status of the counterparty in dynamics. To do this, you just need to enable the checkbox "Put the company on tracking" in the company card.