Automated customer and supplier qualification. When setting up, or for monitoring.
Inyett Company Control allows you to easily fulfil a streamlined process for setting up customers and suppliers for internal systems, or for monitoring master data such as supplier and customer registers. Fully integrated and automated.
- Correct and up-to-date business information
- Checks and proactive alerts when adding a supplier.
- Save valuable time by removing non-valuable processes.
Company rating based on risk factors and fraudulent patterns.
Consistent assessment when setting up and monitoring master data
Look at risks from an internal control perspective, not just from financial figures.
Inyett Company Control
The ”Secret Sauce”
Inyett’s platform and algorithms classify and rate companies on the basis of a multitude of sources and critical factors in four different categories; financial, fraudulent, records and observations.
A unique rating from an internal control perspective.
- Main rating
Green / Yellow / Red. Based on each subrating below…
- Finance rating (Subrating)
Based on financial KPIs. Solvency, profit margin, earnings, turnover, records of non-payment, tax liabilities, etc.
- Fraud rating (Subrating)
Based on links to fraud and sanctions, e.g. classified as a scam company at Svensk Handel, Sanction Lists, etc.
- Remarks rating (Subrating)
Does not have a corporation tax certificate, has an unclean annual report, not registered for VAT, not registered as an employer, linked to disqualification from doing business, etc.
- Observations rating (Subrating)
Start-up company, high change in turnover over a short time, board replaced, no auditor, extremely young/old board member, etc.
A useful guide to P2P internal control
Enhancing and improving internal control has become increasingly important, mainly due to major and recurring incidents in business and society, financial crimes against businesses and suppliers – and sometimes even the general public – getting to hear about mistakes and errors. Incidents that are increasingly being reported on in the media – and even being taken to court.
We’ve created a crash course for you to download. Take advantage of our insights and prompts to improve your internal control!