D&B and Interfax-Ukraine Help Ukrainian Companies Check Foreign Counterparties

Ukrainian companies, which after the start of the full-scale war have been more actively entering new foreign markets, are increasingly facing the need to check foreign partners even before the start of negotiations or the signing of a contract. One of the tools for such checks is the international business data of Dun & Bradstreet, access to which in Ukraine is provided by D&B and Interfax-Ukraine.

Counterparty verification is especially important for exporters, importers, logistics companies, manufacturers, distributors and suppliers working with companies from the EU, the United States, the Middle East, Turkey and Asia. For business, this is not only about a formal check of registration data, but also about assessing financial stability, ownership structure, business activity, possible non-payment risks and reputational factors.

“For Ukrainian business, entering foreign markets today often takes place faster than the formation of its own international history. That is why checking a partner through global business data is becoming not a bureaucratic procedure, but an element of company protection. In conditions of war and complicated logistics, a mistake in choosing a counterparty may cost not only money, but also time, a market and customer trust,” said Maksym Urakin, Development and Marketing Director of Interfax-Ukraine, head of the D&B-Interfax-Ukraine business unit, Candidate of Economic Sciences.

According to him, Ukrainian companies often check a foreign partner only after a problem arises with payment, supply or fulfillment of contract terms. Instead, international practice provides for a preliminary assessment of a counterparty even before the start of active cooperation.

Assistance from D&B and