Names and details have been altered to protect confidentiality.
The Problem:
Picture being a business development manager (BDM) tasked with researching a potential client's director history. Typically, this involves trawling through the vast database of Companies House. However, when our BDM, let's call them Alex, searched for 'Arthur Henry Bacha', they were inundated with over 400,000 results. Talk about finding a needle in a haystack!
The Search:
In this sea of data, finding the 'real' Arthur Henry Bacha was akin to finding a diamond in the rough. With four different filings, one buried deep on the eighth page, identifying his 19 directorships seemed like an insurmountable task. Manual, time-consuming, and frustrating, this process was far from efficient.
The Spark: AI-Powered Solutions:
Enter Spark AI Auto-Insights, a game-changer in the world of data-driven AI. With just a click, users can conduct a comprehensive director history search, encompassing all listed directors at a company. This includes current and past appointments, along with a highlight of any potential director insolvencies. And the best part? It's done in seconds.
In a world where time is money, Spark AI Auto-Insights revolutionises how businesses navigate complex data landscapes. No longer bogged down by manual searches, professionals like Alex can now focus their energies on strategic decision-making, confident in the accuracy and efficiency of their research.
Whether you're a lender, investor, or business development professional, harnessing the power of AI-driven insights is no longer a luxury but a necessity. With solutions like Spark AI Auto-Insights paving the way, the future of data research is brighter and more efficient than ever before.
The How
The Result
Hours saved data gathering.
Spark AI successfully and automatically matched the real Arthur Henry Bacha and listed all the companies he was associated with.
And, perhaps more importantly, identified 3 insolvencies, with their relevant statement of affairs, that weren’t immediately visible. The system even allows the user to click on each historic appointment to check if there has been an insolvency and do your own DD.
Could Spark AI save your business time?
We’re working with lenders to improve our AI driven data and empower lenders to be more productive.
If you’d like to get involved, contact g.wilks@sparkfinance.co.uk
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