Probe42 is a comprehensive data aggregation platform designed to streamline information gathering and enhance decision-making for Indian businesses and financial institutions. It integrates over 700 public sources to provide detailed insights into approximately 2 million registered companies, including financial, legal, and compliance information.
Key Features of Probe42
- Data Aggregation:
- Collects data from the Ministry of Corporate Affairs (MCA), Reserve Bank of India (RBI), judicial bodies, and other regulatory agencies.
- Covers financial metrics, credit ratings, GST compliance, employee provident funds, and more.
- Corporate Landscape Insights:
- Tracks 20,000 new company registrations monthly.
- Monitors loan details for over 300,000 companies, enabling financial institutions to assess creditworthiness efficiently.
- Data Utility:
- Provides access to financial statements, ROC filings, charge details, and compliance records.
- Helps businesses qualify leads, assess risks, and improve operational efficiency.
Applications for Banking and Business
- Banking Sector:
- Credit Evaluation: Enables faster pre-sales qualification and monitoring of credit quality.
- Compliance: Simplifies processes like KYC verification, ROC search reports, and beneficial ownership checks.
- Operational Efficiency: Reduces time spent collecting and verifying data from weeks to minutes.
- Business Use Cases:
- Sales Enhancement: Identifies and qualifies leads through detailed company profiles.
- Risk Management: Assesses financial stability, reducing bad debts and improving working capital.
- Supplier Verification: Speeds up supplier onboarding with background checks and compliance reviews.
Key Metrics and Tools
- Probe Score:
- A proprietary scoring system that evaluates a company’s financial strength based on profitability, liquidity, solvency, efficiency, and growth.
- Scaled from 1 to 5, it helps stakeholders make informed decisions on partnerships and investments.
- Discover Corporate for Me:
- A tailored search tool offering filters like location, incorporation date, industry, credit ratings, and financial metrics for targeted insights.
Strategic Advantages
- Efficiency: Cuts data collection time drastically, enabling faster decisions.
- Compliance Support: Streamlines adherence to regulatory standards, enhancing data quality and accuracy.
- Enhanced Sales: Boosts sales team productivity through lead qualification and improved market targeting.
Case Studies and Testimonials
Probe42 has revolutionized processes across sectors:
- Reduced company information collation time from 10–40 hours to under 30 minutes for bank managers.
- Shortened loan disbursement cycles from 3–4 weeks to under a week.
- Delivered ROC search reports in 20 minutes compared to 4–5 days, at one-tenth the cost.
By integrating Probe42 into operations, businesses and financial institutions achieve enhanced decision-making capabilities, operational efficiency, and improved compliance, establishing it as a pivotal tool in India’s corporate landscape.
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