ALL Risk information within one system
For the first time, lenders will have access to both Companies House information and EQ Riskfactor analysis within a single risk management system, enhancing risk management processes.
Constant Monitoring and Alerts
The Companies House module contains a new Constant Monitoring feature which automatically monitors clients and portfolios of clients, for daily changes relating to the Companies House data. Examples include: director resignations, annual accounts becoming overdue or other changes in company details.
Alerts are raised to the lender with any changes in events highlighting those clients that are showing updated company data which potentially needs urgent review.
A complete overview of the client’s situation
The Companies House module combined with the core EQ Riskfactor application, gives lenders access, within one application, to both detailed collateral and Companies House submitted financial data, enabling a comprehensive risk assessment of the client.
The new Companies House data feed alerts lenders about changes relating to:
- Company registered name and office address
- Company accounts filing date and overdue status
- Director details
- Company nature of business
- Previous company names
- Company charges/ judgements/ fines