What is the purpose of business intelligence?

The purpose of a business detective is to correctly verify and authenticate the acquired information. It is also very important to be able to use it to the benefit of the client. One of the most important elements in the whole process is therefore analysis. Acquired documents must be up-to-date and true, so that on their basis it is possible to make right economic decisions. That is why our specialists pay attention to such aspects as:

• estimation of the risk of cooperation with a given counterparty,
• verification of the actual condition of an entrepreneur in comparison with the declared one,
• checking the history of debts,
• determining the network of capital connections and strategic partners,
• detection of intellectual and technical property violations. 

Business intelligence carried out by our employees allows gaining a significant competitive advantage. Identification of threats and risks enables appropriate planning and formulation of company’s strategy. Some companies conduct their own business counterintelligence, which can make acquiring information somewhat difficult. In such a case, the intelligence process may be prolonged.

When to opt for business intelligence?

First of all, it is worth paying attention to the company’s most important processes. A close look at suppliers or partners can completely change the picture of who the agreements are really with. This allows you to control those areas of the company’s operation that are burdened with the greatest risk. To avoid such dangerous situations, it is best to conduct business intelligence already before the first transaction is concluded. Then you can be sure that the potential partner is not hiding his real financial and capacity capabilities.

Continuous verification of the business partner

Every entrepreneur running a business wants to minimize the risk of working with dishonest business partners as much as possible. Business intelligence, which checks the credibility of business partners, is one of the best ways to maintain liquidity for a long time and keep reliable partners. Therefore, verification should not be a one-time activity, but a continuous process. Constantly changing market may cause sudden disturbances in financial situation of the counterparty. For this reason, a business intelligence performed only before the conclusion of the first transaction may not be sufficient. Regular repetition of this activity will protect the company from losing money.

Conducting business intelligence on your own

There are no restrictions in the law that would prohibit you from conducting an interview on your own. Any entrepreneur can check his contractor. However, he must take into account many unpleasant consequences of such decision. They are mainly caused by the nature of institutions, which are the main source of information. Places such as commercial courts are characterized by an old, ossified structure, which definitely hinders quick settlements of cases. Not everyone can afford to stand in queues for court records. An additional problem is the lack of evaluation of financial results. Raw data showing an incomplete picture of the audited entity will not be useful. Our team of specialists will take care of all this and prepare a report from the collected information.

Can a business investigator cross the boundaries of the law?

The notion of business intelligence is still interpreted quite broadly, depending on whether a given order is carried out by a state service established for this purpose or by commercial debt collection or detective companies. However, when conducting business intelligence, the detective, debt collector and all other authorities are bound by the same law. The sources of data about debtors are always open and generally available sources such as: 

• Commercial Court, 
• Economic monitors, 
• management interviews, 
• business registers, 
• statistical offices,
• business offices,
• the press.

Currently a lot of people unknowingly sign contracts with debtors. The actions carried out by our team are to prove the honesty of the counterparty with which the client intends to cooperate. Preparing a business report and collecting data is therefore never connected with breaking the law.

What will you gain by conducting a business intelligence?

The report prepared by our specialists will allow you to find out with whom you really cooperate. Thanks to this, you will be able to make beneficial business decisions for your company. This will enable you to act only among the best and honest contractors and, as a result, maintain your financial liquidity. Therefore, we encourage you to familiarize yourself with the proposed actions. If you have any questions, please contact our representative. We will try to present a tailored offer and dispel all doubts.