Streamlined Access to Accurate Global Data

Accurate, reliable, and up-to-date business partner data is critical for everything from compliance and risk management to operational efficiency. However, maintaining high-quality data across global operations is a major challenge for organizations. CDQ solves this problem by offering automated access to local, regional, and global business registers, significantly reducing the time and effort required to gather and validate this information manually.

By integrating trusted external data sources, companies can validate business partner information, enrich existing datasets, and ensure compliance with international regulations. In this article, we’ll explore how CDQ leverages authoritative data sources to support robust business partner master data management, empowering companies with streamlined access to accurate global data.

Why trusted data sources matter for business partner master data

Maintaining accurate business partner master data is essential for regulatory compliance, fraud prevention, and efficient supply chain management. CDQ sets itself apart by providing automated access to a wide range of trusted data sources, enabling businesses to:

• Verify and validate critical business information across different regions.
• Enrich internal datasets with up-to-date, high-quality external data.
• Ensure compliance with international and local regulatory standards.
• Reduce manual data gathering, freeing up resources for more strategic tasks.

Below, we delve into the types of trusted data sources available in CDQ and their global reach.

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CDQ's trusted data sources

CDQ gives access to three main categories of trusted data sources:

Governmental sources:

CDQ offers access to official government data such as business registers, compliance lists, and tax registers. Examples include the European VAT Information Exchange System (VIES) in Europe, the Governmental Business Registers?in North America, and the Australian Business Register (ABR) in Oceania just to name a few.

Commercial data sources:

CDQ integrates data from commercial providers such as Dun & Bradstreet and Bureau van Dijk (BvD) and others. These sources provide extensive business information related to business partner master data, which is crucial for risk management and business decisions.

Collaborative and domain-specific sources:

CDQ customers also benefit from collaboratively managed datasets and domain-specific sources. Examples include data sharing pools within the CDQ Data Sharing Community and special sources for specific industries, such as the Legal Entity Identifier (LEI) for the financial sector. These datasets are collectively curated and provide industry-specific insights that are not easily obtainable elsewhere.

Geographic scope of CDQ’s data sources

CDQ’s data sources cover an impressive over 200 countries and territories, making it one of the most comprehensive platforms for business partner data. Connecting CDQ to one or more of the commercial data sources further extends its coverage, exceeding the 200-country mark. The examples provided here are just a small selection of the available sources, as the real number of sources within CDQ is much higher. Let’s break down the availability of sources by continental regions:

Europe

Europe is extensively covered with data sources like national business registers, VAT information systems (e.g., VIES), and other country-specific sources. Major datasets include UK Companies House Register (over 8 million records from the UK), French Business Register from France, and Swiss Unique Identification Register from Switzerland. These sources are critical for businesses operating within Europe or dealing with European partners, providing key insights into company structures, legal forms, and compliance information.

North America

In North America, CDQ offers data from the Florida Business Entity Register (US-FL.BER) database, which contains nearly 6 million records and similar coverages for the other states. This allows businesses to tap into essential company information from the US, especially relevant for those involved in compliance, screening, and due diliIgence activities across the region. Coverage in Canada and Mexico, along with other relevant registers, provides a robust foundation for North American business data needs.

Asia-Pacific

CDQ includes access to key Asian markets with sources such as the Japan, Legal Affairs Bureaus, Companies Registration (being the Japanese Company Register), which holds more than 5 million records. Additionally, data sources extend to regions like Australia with Australian Business Register, offering comprehensive business partner data. Our connection to the Taiwan Company Establishment Registration Register covers you with over 1.6 million records. These data sources are vital for companies engaged in trade and operations within the Asia-Pacific region, ensuring smooth and compliant transactions.

Africa, South America, and other regions

Although the volume of data may be smaller in some regions, CDQ still provides access to valuable data from countries in Africa, South America, and other regions. These regions are covered by three major data sources: free open sources and multiple international sources such as LEI and Peppol, the CDQ Data Sharing Community's Data Sharing Pool with actively managed records contributed by the community, and commercial data providers, including Dun & Bradstreet, Moody's, and Google Places. This ensures that businesses operating in emerging markets can access relevant information that might otherwise be difficult to obtain, demonstrating the global reach of CDQ’s data repository.

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Types of data available through CDQ’s trusted sources

The data sources accessible through CDQ include a wide range of information that is essential for effective business partner management. The content found in these registers includes:

• Company Identifiers and Registration Information: This includes unique identification numbers assigned to companies by governmental or commercial bodies, such as registration numbers, tax identification numbers, and Legal Entity Identifiers (LEI).
• Company Structure and Ownership: Data on the legal structure of the business, parent-subsidiary relationships, and beneficial ownership details, which help in understanding the organizational hierarchy and potential risks.
• Contact and Address Information: Business partner addresses, contact details, and other location-based data, which are critical for communication, verification, and logistics purposes.
• Compliance and Legal Status: Information on compliance checks, sanctions lists, and legal statuses, including whether the business partner is under investigation or sanctioned by any authority.
• Industry-Specific Information: Data relevant to specific industries, such as certifications required for particular sectors or sector classifications that are important for master data management, ensuring industry compliance and data completeness.

This diverse set of information ensures that CDQ users have access to all the key data points needed to verify, validate, and enrich business partner master data.

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Your gateway to global data access

By integrating business partner data from governmental sources, commercial data providers, and collaborative datasets, CDQ provides users with unparalleled access to accurate, validated information from across the world. Whether you need to verify VAT numbers in Europe, confirm business registration details in the US, or access legal forms in Japan, CDQ simplifies the process, making global data easily accessible and actionable.

With over 80 active business partner data sources and coverage across over 200 countries and territories, CDQ helps organizations maintain compliance, ensure data quality, and make informed decisions no matter where in the world they operate.