SPARK becomes available to users of Unified Electronic Trading Platform
Unified Electronic Trading Platform (UETP) and Interfax Group have completed the process of integrating the platform with the SPARK system, Russia’s leading service for verifying counterparties and managing risks.With the new service, integrated into the Commercial Purchases section, the organizers of trading (customers) will be able to obtain up-to-date information about suppliers free of charge and analyze them, verifying the integrity and financial stability of counterparties.
“The new service is most important for customers when disclosure of information about a bidder is required. In addition to getting briefs by the main parameters, customers will also be able to check a company’s affiliations and creditworthiness free of charge, and then quickly make a decision on whether to work with a specific supplier,” UETP CEO Anton Yemelyanov said.
Interfax Vice President and SPARK project director Roman Laba said that “information from the SPARK system makes it possible to increase the reliability of electronic trading procedures and improve the quality of risk management, minimizing the chances of a customer making a mistake in the selection of a supplier.”
When considering bids from participants in procurements, the SPARK system allows UETP clients to obtain the following information:
• Company details, information about current status, information about registration with registration authorities
• Information about the structure of a company and its management
• Financial statements, adapted for fundamental analysis
• Financial and payment ratios, including information about audits
• Scores, including credit risks and the risk of a company being unreliable
JSC Unified Electronic Trading Platform (JSC UETP, Roseltorg) is the largest national operator of electronic trading for government customers and commercial enterprises in Russia, with overall trading volume of more than 5 trillion rubles. UETP’s clients include more than 260,000 customers and more than 300,000 suppliers. The main area of business is conducting trading procedures for Russia’s regions (№44-ФЗ), largest state corporations (№223-ФЗ) and commercial companies. UETP has its own certification center that issues more than 50,000 electronic signatures annually, and the Rosinvoice e-document flow system, which is accredited by the Federal Tax Service of Russia and makes it possible to conduct an unrestricted exchange of legally important documents with counterparties online.
SPARK is the professional solution for verification of counterparties, management of credit and tax risks, competitive intelligence, assessment of businesses, investment analysis, discovery of affiliations and partner searches. The system, the leading service for solving these problems on the Russian market, contains information about all legal entities in Russia, Ukraine, Kazakhstan, Belarus and Kyrgyzstan. It integrates information from hundreds of sources, including official information from ministries and other government agencies, the courts and companies themselves. SPARK provides access to financial reporting, information about arbitration cases and government contracts, among other things, and tracks the history of changes in information about companies. SPARK also compiles indicators that make it possible to instantly assess the scale of a business, and a company’s solvency and reliability.
Press service of Unified Electronic Trading Platform
Address: Ul Kozhevnicheskaya 14-5, Moscow 115114
Tel: +7 (495) 276-16-26, ext. 1402