Beyond Comparison: Why Finanvo is leading in Data Services
Finanvo.in
Know more about the 25.5 lakh OPC, LLP, Private & Public Limited Companies registered in India.
The world of business and finance is increasingly reliant on data-driven insights and analytics. Companies are constantly seeking tools and platforms that can provide them with accurate financial information, compliance data, and insights into the market. Finanvo , offer a range of services and features to meet these needs. In this article, we’ll take an in-depth look at these two platforms and compare their offerings to determine which one might be the better choice for your business.
1. Data Coverage:
Finanvo offer on-demand MCA financials and pro-active coverage of MCA master data. However, there are significant differences in their data coverage. Other data provides coverage for 2.8 million companies and 2.6 Million Directors sourced from MCA.
Other data providers lacks coverage of GST masters, DGFT/IEC masters, and GST details . In contrast, Finanvo offers comprehensive coverage for GST masters and DGFT/IEC masters.
Finanvo, on the other hand, boasts a substantial data universe of 21 million companies, providing a much wider spectrum of information. Which includes
3. Compliance Data:
Other Data Providers offers proactive coverage for 640+ district courts and high courts. However, it falls short when compared to Finanvo, which proactively covers both Supreme Courts and High Courts, and offers on-demand services for district courts.
4. Principal Contact Details:
Other Data provides contact details companies with landline and unverified numbers as stated in MGT-7 filed by the companies as Annual Compliance. In comparison,
Finanvo provides contact details which include handheld device Numbers (Mobile Numbers) of Directors / Decision Makers of companies. Also Apart from the contact details of Directors / Decision Makers of companies, Registered contact details of GSTIN , IEC, NGOs, Proprietorships, Partnerships, MSMEs and others also made available
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5. Newly Incorporated Companies:
Other Data providers, provides a list of companies with a 24-hour lag. Finanvo outperforms by offering data for newly incorporated companies within 2 hours of their incorporation, along with contact details and other attributes of all Directors of the company.
6. Documents Download:
While both platforms provide access to MCA V2 documents, Finanvo sets itself apart by offering MCA V2 and V3 documents. This extended coverage includes the latest charges documents, security allotments, and information related to the appointment/amendment of directorships.
V3 documents for specific company forms such as Form PAS-3, DIR-3 KYC Web, DIR-3 KYC e-form, CHG-1, CHG-4, CHG-6, CHG-8, CHG-9, DPT-3, and DPT-4 have been unavailable since August 15, 2022. Additionally, as of February 25, 2022, all documents related to LLP (Limited Liability Partnership) are also not accessible on the platform of Other Data Providers while the same are easily downloadable and accessible in the format of report on Finanvo.
This disparity in document availability between the two platforms may be a crucial factor for businesses that rely on specific document types for their financial and compliance needs.
7. Other Information:
Finanvo offers revenue and profit estimates based on GST data, whereas Other Data Providers does not provide this feature. So, you can say that the best alternative to Other data provider is Finanvo!