AI-Powered Vendor Due Diligence
Run financial, litigation, compliance and reputational due diligence checks on suppliers and trade-partners in 48 hours. Identify at-risk entities and shield your supply chain from disruptions.
100+ enterprises use SignalX to screen their suppliers before onboarding
Due Diligence Reports on Vendors & Suppliers in 48 Hours
26 Parameter Scorecard & supplier risk rating
Generate a 26 Parameter Risk Scorecard covering aspects such as financial health, promoter background, reputational signals, compliance rigor and legal risks. Using SignalX risk rating to benchmark prospective suppliers prior to onboarding.
India’s most comprehensive Digital Due Diligence platform
SignalX pulls data from 200+ regulators, 7000+ courts and 30,000+ media sources to run deep checks on any given entity and its promoters in 48 hours. Check financials, tax records, labor payments, litigations, adverse media mentions, beneficial owners and more on any entity.
Assess Suppliers of any size and type
Generate SignalX Risk Scorecard and reports on suppliers and trade partners of any size and shape. Be it a small business which may be a proprietor, an unregistered partnership, a private company or a public company.
Collect disclosures and data from Suppliers
Apart from utilizing data from regulators, courts and media, you can collect and maintain disclosures on compliances, financial position and more directly from the supplier through SignalX.
Monitor Strategic & Critical Suppliers
Keep a pulse on your strategic suppliers and vendors on an ongoing basis. Identify developing distress through signals such as delays in tax filings and labor payments, new litigations / disputes with customers and suppliers, economic defaults and more.
Fast-track Vendor Onboarding with Industry Best Turnaround Time for Risk Assessment Reports
Identify at-risk entities and elevate supply chain resiliency
Build a Resilient Supply Chain
Minimize supply chain disruptions due to non compliant and defaulting suppliers and vendors. Ensure that your supply chain consists of entities that are credible and compliant. Monitor strategic parties for developing risks in today’s fast changing economic, regulatory and political environments.
Ensure Compliance in your Supply Chain
SignalX ensures that sufficient vendor due diligence is conducted on your suppliers to help you comply with various regulations and compliance mandates that modern supply chains have to adhere to - be it Anti Money Laundering, Modern Slavery, Anti Bribery and Corruption, Sanctions, FCPA, UKBA, ESG norms and much more.
Build Trust and Reduce Onboarding Time
Build trust with counterparties quickly, and onboard fast using SignalX. Automate risk assessment and screening so that you’re talking business with your prospective partners while we take care of ascertaining credibility and underlying risks if any.
Identify Red Flags early on and Mitigate Risks
Identify at-risk suppliers in your supply chain, respond quickly and plan for contingencies. Shield your business from financial, legal, reputational and regulatory risks posed by non-compliant suppliers and third-parties.
Generate Vendor Due Diligence Reports in 48 hours
Schedule a live walkthrough
Let’s discuss how we help companies assess credibility, track compliance, and build trust in their supply chain, amongst vendors, distributors, customers, and partners. Generate a third-party risk matrix and scorecard now!
Explore Sample SignalX Vendor Due Diligence Reports
FAQs
Connected parties are defined in IBC (2016) and also the Companies Act 2013. We have explored the definitions in detail here and here. At SignalX, our goal is to be as thorough as possible in connected party identification so that the Resolution Professional has a broad set of entities to include or exclude from the final report. If the target, i.e, the resolution applicant, is an entity, we identify the promoters, associated entities, subsidiaries, key managerial personnel, directors, past directors, shareholders with more than 2% fully diluted shareholding as the level one connected parties.
Other entities where the promoters, directors, KMPs, key shareholders are in management control, promoters and directors and KMPs of associate companies and subsidiaries, the family tree of individuals in level one connected party network form the Level 2 connected party network of the target.
The user can also choose to go further deeper into Level 3 in a similar format. You can talk to our Product Specialist by booking a meeting with us to understand our approach bette
No. However, if you have a list of connected parties provided to you by the resolution applicant, you can share the same with us under a non-disclosure agreement. We can verify and enhance the provided list using our own connected party identification methodology.
Father’s names of promoters, directors, and KMPs are identified from the PAN details wherever available. Details of Mother, Spouse, Siblings, Children, Children of Siblings, Father’s Siblings, and Mother’s Siblings are provided by the user in specific cases where the Resolution Professional wants to be thorough on the eligibility assessment.
Yes. You can use SignalX to analyze entities, individuals, proprietors, consortiums, partnership entities, trusts, and other forms of businesses.
No. We’re an analytics utility and public data research platform that does deep-dive research on any given target. We offer reports in a standardized format that have been directly used across 250+ CIRPs. If the Resolution Professional requires a signed declaration of eligibility or ineligibility of a target, the RP may share our report with any law firm for the same. The complete data dump of the research can be exported along with the report to substantiate the findings.
We pull data directly from thousands of sources including courts, regulators, corporate registry, media, tribunals, law enforcement, watchlist, and more. Connect with us over a call to take a look at the detailed list of data sources we cover in our analysis.
No. We do not interact with the given target in any capacity. The analysis executed is based on data made available by regulators, government agencies, law enforcement agencies, courts, watchlists, and more.
For a target with a connected party network for 20 entities, the entire analysis including the reporting is executed in 48 hours. Thereafter for every 20 additional connected parties, the analysis may take an additional 24 hours.
Yes, we do. For our clients, we have analyzed resolution applicants from countries like Singapore, Mauritius, BVI, UK, Brazil, USA, Ethiopia, and more. You can talk to our sales team to understand the scope of checks we execute in these jurisdictions.
We procure our data directly from the specific regulatory authorities in real-time. Meaning SignalX does not rely on a pre-existing internally stored database but we pull the data fresh for every analysis directly from the source. This allows us to provide the latest litigation, regulatory, and media data for our users, keeping in mind the criticality of the checks we execute.