· Ownership Tab gathers together corporate governance data, including shareholders and related companies
· Feature automates time-consuming manual processes, uncovering connections linking businesses and directors
DueDil, the data intelligence company that gives businesses a platform to identify opportunities and manage risk, today launches a new feature that brings together corporate governance data and automates many time-consuming compliance processes.
The new Ownership Tab acts as a central hub for understanding the governance of a company. Information on a company’s ultimate ownership, directorships, and portfolio companies is all provided in one place.
The feature also automates the process of identifying related companies, uncovering links and associations that were not previously clear and saving valuable time and effort for compliance and know-your-customer (KYC) teams.
DueDil Co-founder and CEO Damian Kimmelman said:
“Working out who a company is owned by and who they are connected to is one of the most onerous tasks in business. With the new Ownership Tab, DueDil does this work for the user, shedding light on ownership structures, and even on the other companies that directors own shares in. The Ownership Tab is ideal for anyone seeking to understand the broader network behind a company.”
DueDil customers, including Invoice Cycle, a leading online lender that helps businesses grow quickly and efficiently, said they were looking forward to using the new compliance tab feature.
Gideon Shaw, CEO at Invoice Cycle, said:
“DueDil already helps us with our compliance process by providing the information we need to onboard customers quickly and effectively. I’m looking forward to seeing how they’ve refined the tool further so that we can get even more out of the product.”
Without the need for lengthy background research, the Ownership Tab makes immediately clear, in one place:
- Company portfolios, including minority positions and ownership percentages
- Directorship and shareholder information
- Possible related companies (including the degree of confidence that the companies are related)
Availability
DueDil Ownership Tab is available from today to all Enterprise and Premium users.
About DueDil
From due diligence to deal prospecting, DueDil helps businesses make data-informed decisions.
DueDil is an online tool that combines comprehensive sources of company information to uncover business opportunities and understand risks. Unlike traditional information suppliers, DueDil provides a unified platform for teams across a business to contextualise and navigate the relationships between sets of data.
As a result, over 175,000 businesses use DueDil to find information about the companies they deal with and the people who run them.
DueDil was founded in 2011 to provide companies with better information about other businesses. It is now one of the largest sources of company information in Europe.
Based in London, DueDil has raised nearly $30m from respected investors in the US and UK, including Oak Investment Partners, Passion Capital and Notion Capital.
HedgeThink.com is the fund industry’s leading news, research and analysis source for individual and institutional accredited investors and professionals
