30 Mar 2020 19:12

Interfax granting small and medium businesses free access to SPARK during lockdown period

MOSCOW. March 30 (Interfax) - The Interfax Group is granting small and medium businesses free access to the SPARK analytical system while lockdown restrictions are in force.

"Many small and medium businesses now find themselves in difficulty and right now it is as important as ever for them to be able to find out about changes with their counterparties, to manage their accounts receivable effectively, and to follow market changes. Also, companies are having to ask their employees to work from home and they need to organize extra work places. Given all of this, we have granted small and medium businesses free access to the SPARK-Interfax system for a while. I am convinced his will help businesses to minimize losses and mitigate risks, and continue to work effectively with their business partners," said Roman Laba, Deputy General Director, Interfax, and SPARK Project Director.

"The SPARK team has taken the necessary measures to ensure the system can operate smoothly under increased load, and we continue to function 24/7," Laba said.

Sign up at www.spark-interfax.ru for free access to SPARK. Free access is granted for two weeks after the request is approved.

SPARK is also available on a mobile app.

SPARK enables you to verify the status and details of a company or individual entrepreneurs and obtain copies of entry from the state registers of companies and individual entrepreneurs as well as SPARK Risks and SPARK Profile reports to asses financial health and carry out due diligence on counterparties and manage receivables.

SPARK-Interfax is the industry benchmark on the Russian market for services to assess credit risk and business security. The system is used to perform due diligence and manage risk and debt receivable. According to a survey conducted in 2017 by Deloitte, 71.5% of large and medium businesses used SPARK for due diligence purposes.

SPARK-Interfax topped the RAEX Rating Agency's (RAEX Analytics) 2020 ranking of information and analytics systems (IAS) for verification of counterparties by a substantial margin.