Check out the new features of version 1.3
Improve false positive management and save up to 75% of your time
indueD allows your compliance analysts (or anyone in charge) to optimize due diligences. indueD offers a semi-automatized management of false positives by selecting the most relevant results.
Thanks to indueD, Bank & Insurance sector is now able to greatly improve the quality of their due diligences, the Corporate sector finally found a response to management of false positives optimization which can also fits with their internal organization. The Purchasing department enhances its compliance & procurement processes.
- A new algorithm selects for you the most relevant screening results in order to reduce the potential false positives list. So the user can have a “ready to choose” list and save time.
- indueD applies new selected filters on names and entities, used by the algorithm: First Name, Last Name, Date Of Birth, place of Birth, gender. The “match is confirmed” if these indicators are 100% similar with the person screened.
- False Positive management can be mutualized (optional): customers can benefit from other customers processing.
- 2 new layers quickly shows to the analyst that lines have already been processed by another customer.
- Analyst can choose in one click to select all false positives results.
- New false positives treatment indicator: the analyst is now able to mitigate the risk of the false positive result in order not to impact the compliance score (instead of rejecting the result).
Discover other features coming with this 1.3 release :
- Adding the subsidiaries in the capitalistic graph.
- Users tab: ability to Import/Export with tags
- Improvement in the Entities card: better UBO display
KYC: speed things up!
By streamlining your procedures, you can make faster decisions without cutting corners or compromising on efficiency.
Now you can choose from a number of business partners or negotiate termination with a vendor in record time.
Thanks to data visualisation, accessing and understanding KYC data has never been easier.
Compliance = Performance
Regulatory compliance can often be a headache and hamper performance. But by conducting third-party risk screening using a tried-and-tested due diligence method, you can save time and focus on business development.
of companies subject to Sapin 2 applied the 8 principles
of companies believe they will be audited this year by the regulator
The average number of days it takes to onboard compliance data
Speed up your KYC decision-making
By streamlining your processes.
How can you gather enough information and implement a regular, simple procedure for identifying third parties and categorising your risk exposure?
Being able to make decisions fast doesn’t have to be at the expense of efficiency. With indueD, you can choose from a number of business partners or negotiate termination with a vendor or customer in record time. And thanks to data visualisation, accessing and understanding sensitive data such as KYC has never been easier.
Turn compliance into a competitive edge
By seeing it as a strategic, key issue for your organisation.
So how can you stand out from your competitors?
Like any crucial issue (digital transformation, data-driven strategy, business development, CSR, GDPR), regulatory compliance has to be managed at C-level.
The potential risks are too high for it not to be given top priority. By making your organisation compliant, you can get one step ahead of the competition, and once you know exactly who you’re doing business with, you can focus on your core business.
Get the best data
With Dun & Bradstreet’s global database of 300 million companies.
How to correctly identify the Ultimate Beneficial Owner with the structures of international organisations becoming increasingly complex?
Exhaustive, high-quality, up-to-date and reliable: if your data doesn’t fulfil these 4 essential criteria, it’s difficult to make unquestionable, documented decisions. Having access to faultless, guaranteed data processed and refined by a trusted third party such as Altares will ensure you implement your compliance procedures with complete peace of mind.
Ensure performance and compliance
By focusing on the essential: risk data.
How can you step up your company’s growth and cut costs whilst staying compliant?
Before indueD, regulatory compliance was more a headache and an obstacle than a performance driver.
Now, by screening third parties and their risk exposure using a tried-and-tested due diligence method, you can save time and focus on business development.
indueD is a web platform dedicated entirely to KYC (Know Your Customer) and new compliance requirements. Using Dun & Bradstreet’s unique global database, Altares offers a unique compliance experience for your business relations portfolio.
Including the latest compliance regulations and thanks to dynamic visualisation data, indueD can turn your compliance issues into a reliable, simple, fast procedure. indueD is designed for any industry sector affected by compliance issues: banking & insurance, manufacturing, retail etc., and particularly for Resources and Purchasing departments.
Accurately identify your third parties.
Enrich your third parties with corporate identity and hierarchy data. Identify the company heads and Ultimate Beneficial Owners.
Identify Politically Exposed Persons (PEPs), international sanctions and negative press.
Monitor and receive alerts when any changes occur.
Share and archive your compliance report.
Analyse one of the most comprehensive databases on the market (300 million companies) via a single identifier: the D-U-N-S® number.
Identify the natural persons associated with a legal person (directors, ultimate beneficial owners, corporate officers).
False positive management
Identify similar names and confirm the persons identified to ensure a more accurate KYC score.
Instantly identify your third parties’ KYC score thanks to colour coding (red, amber, green).
<h4>Identification</h4> Accurately identify your third parties.
<h4>Matching</h4> Analyse one of the most comprehensive databases on the market (300 million companies) via a single identifier: the D-U-N-S® number.
<h4>Enrichment</h4> Enrich your third parties with corporate identity and hierarchy data. Identify the company heads and Ultimate Beneficial Owners.
<h4>Identification</h4> Identify the natural persons associated with a legal person (directors, ultimate beneficial owners, corporate officers).
<h4>Screening</h4> Identify Politically Exposed Persons (PEPs), international sanctions and negative press.
<h4>False positive management</h4> Identify similar names and confirm the persons identified to ensure a more accurate KYC score.
<h4>Monitoring</h4> Vous surveillez et recevez des alertes en cas de modifications.
<h4>KYCScore</h4> Instantly identify your third parties’ KYC score thanks to colour coding (red, amber, green).
<h4>Compliance report</h4> Share and archive your compliance report.
A customisable interface
- Customise the filters to ensure effective, bespoke screening
- Fast, handy web access
- A dynamic, user-friendly interface
- Ready-to-use information thanks to data visualisation.
A new KYC/KYV process
- Mass file processing and à la carte searches
- Automatic KYC enrichment scripts
- Find relevant adverse media via a partnership with Google News
- High quality data and information
- Global data coverage (300 million companies).
Get indueD on your mobile
- Access all the indueD features on your smartphone
- iOS and Android compatible.
- Optimised browsing for mobiles.
See a presentation video of indueD:
With indueD, find your Ultimate Beneficial Owners
What is an Ultimate Beneficial Owner?
- The Ultimate Beneficial Owner (or UBO) refers to the natural person(s) who ultimately own(s) or control(s), directly or indirectly, a legal entity.
- The persons who own, directly or otherwise, more than 25% of the shares or voting rights.
- The persons who exercise, via any other means, ultimate effective control over the Management, Administrative or Executive bodies or over the Board of Directors of the partners or shareholders of the reporting firm.
- If there is no natural person who fulfils the above-mentioned criteria, the Ultimate Beneficial Owner is by default the legal representative of the company.
Reduce your risk exposure
With thorough knowledge of your third parties, you can minimise the risks associated with sanctioned, suspicious or corrupt business partners.
Testimonial by Georges B. , Purchasing Director:
“I’m head of a Purchasing team that uses an SRM program which has allowed us to increase marginal revenue whilst keeping purchasing costs down. We’re an international firm with suppliers all over the globe, some of whom are not at all in line with our business ethics. A few years ago, for example, we found out through an alert system that one of our vendors was employing children.
We stopped doing business with them before the situation could compromise us. Thanks to this compliance platform, we can now check the reputation of our vendors at any time, and thus decide quickly whether to terminate our contract should any problems arise.”
Compliance in a flash
Even with complex issues like compliance, some decisions need to be made quickly and companies need constantly to keep up with new regulations. With indueD, compliance is frictionless, easy-to-understand and accessible to all the relevant employees.
Testimonial by Christine F., Chief Compliance Officer (CCO):
“Until a few months ago, I used to get emails and phone calls all day to find out about the reputation and integrity of a prospect, or whether we should accept a loan and make a decision, using 3 or 4 different Excel spreadsheets. I just didn’t have time to go over each KYC file, what with my colleagues from Sales and Purchasing waiting for my recommendations.
But that was before! Now, with this compliance platform I’m proactive: I can see at any time what clients are doing, and I’ve set up alerts and automatic processes so I can keep Sales and any other people in the company informed.”
Detect negative information easily
Take an in-depth look at the information ecosystem around your partners so you can form a well-informed opinion of them.
Testimonial by Valérie T. , Purchasing Manager:
“I was ready to use a new SRM solution, which is very useful as it means I can manage my portfolio of suppliers just like Sales manage their clients with the CRM. But with all these new laws, I have to check my partners’ reputation and risk. How am I supposed to do that? Via Google? Their banking information? It’s tiresome and not exhaustive enough.
But with the indueD compliance platform, I just upload my supplier portfolio and right away, I can see my KYS dashboard and have all the information on my partners’ respectability and reputation.”
Protect your brand
By controlling the maximum number of risk factors, you can be prepared for any liability that could harm your company’s reputation.
Testimonial by Vincent T. , CEO:
“I recently found out that a friend of mine who started his own business at the same time as me had been heavily fined for a series of wrongdoings by one of his clients (selling goods in a country subject to an embargo). Right after that, I also saw the company’s share price take a dive within a few hours.
I know I can protect my company’s reputation and brand image with indueD. Thanks to the platform, my Account Managers can see at a glance who our high-risk prospects and customers are. I also know that my Head of Legal is logged on, that he’s keeping a close eye on things and is ready to act.”