Optimising the Use of 3rd Party Databases
Duration: Half Day
Designed for:
This half day module is likely to be valuable to anyone in an invoice finance business who sources, reads or relies upon information from 3rd parties, such as Companies House.
Objectives
The objective of the module is to highlight the problems in relying upon third party information, and help maximise the search process to gain better information.
Content:
Validity of Companies House information
- How data is submitted and by whom
- Checking processes undertaken by Companies House
- What documents can be trusted?
Taking a personal guarantee
- Ensuring there is wealth behind it
- Having a process in place to monitor changes in personal circumstances of the guarantor
- Increasing facilities that rely upon the personal guarantor
How the credit reference agencies obtain their data
How CIFAS works and why it is important to you
Monitoring from the various systems
- How they work
- How they are reported
- What time delays can be expected
What data disappears from our systems?
KYC
- What is required by law to be obtained
- Associated reliability issues
Booking information
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