Data selection
Data selections are created according to the criteria chosen by the customer, including the data required by the customer as a result. The size of each data selection is determined after matching the criteria, and the Client has the option to choose the size of the database to be received - all companies that meet the criteria or a certain number of companies, for example, the 1000 largest companies by turnover, number of employees or, if a limit is set, by another parameter.
Application for data selection
What are the most common purposes of data selection?
- Analysis and segmentation of the existing customer portfolio or updating of data;
- Obtaining a database of potential customers (with contact information);
- Determining the risks of the client's solvency;
- Verification of customers in the Sanctions Lists;
- AML risk examination of clients (within the framework of the Anti-Money Laundering and Terrorism and Proliferation Financing Prevention Law (AML) and the International and National Sanctions Law of the Republic of Latvia (Sanctions Law);;
- Industry research and analysis;
- Competitors, market segment analysis or assessment of business development in the region;
- Real estate market research;
- Selection for studies or research works.
Data selection for finding potential customers is one of the most frequent purposes of using this service. It is possible to obtain a database of selected companies not only for Latvian companies but also for other Baltic countries - Lithuanian and Estonian companies, as well as for companies registered in Great Britain.
The most commonly used data selection criteria for prospect database or industry research purposes:
- Only active companies (for example, not including those whose economic activity has been suspended, the liquidation process has been initiated, the insolvency process is in progress, the activity has been terminated or tax debt has been registered for a certain period);
- Geographical principle - the company is registered or the structural units of the company are registered in a certain city, county, or region, including the possibility to select, for example, e-commerce structural units;
- Type of main activity (according to NACE codes https://nace.lursoft.lv/?l=en);
- Financial indicators from annual reports:
- turnover (for example, turnover greater than EUR 500,000);
- number of employees (for example, 5-25 employees);
- profit/loss;
- other data from the Balance Sheet and Profit or Loss Statement (for example, positive equity, etc.);
- According to certain financial ratios or their dynamics (for example, the liquidity ratio is within 0.8-1.2 or companies with x% turnover growth in 2022 compared to 2020);
- Companies whose average amount of taxes paid per employee (for example VSAOI) is higher than the average for companies registered in the relevant sector;
- Companies that, according to the data of the Procurement Supervision Office, have been granted the right to enter into a contract in procurement;
- etc.
The selection of data for the analysis or updating of the existing customer portfolio is carried out for the list of companies sent by the Customer (company registration numbers), adding current data or performing status checks (liquidated/reorganized, registered insolvency, suspended economic activity, VAT payer status, etc).
Data selection for AML risk verification provides an opportunity to receive data on companies registered in Latvia in one list for assessing customer risks and determining their risk level, including determining national risks, by checking the list of the Financial Action Task Force (FATF), the list of high-risk third countries of the European Union and/or mentioned in Cabinet of Ministers 27.06.2023. regulations no. 333 "List of low-tax or no-tax countries and territories".
The selection of data for verification in the Sanctions lists ensures the verification of companies registered in Latvia and abroad, as well as persons in the sanctions lists of Latvia, the European Union, the United Nations, OFAC (United States of America), and Great Britain. Companies registered in Latvia are also subject to a simultaneous inspection of related persons (officials, participants, beneficial owners (BOs), and entities in the control chain of BOs).
The selection of data on real estate purchase transactions will be useful for researching the real estate market in a certain region or segment. The prepared database can include information both about the transaction (for example, the purchase amount) and about the property - land area, type of use, size of premises, technical data of buildings, cadastral number, address, owner status, registered encumbrances, etc.
What is included in the database?
The type of data included in the prepared database depends on the purposes of use and the needs of the Client. An easy-to-handle Excel file can include company registration data, type of core activity, contact information from publicly available resources, various financial indicators for one or more years, information about the company's vehicles, tax debts, overdue payments, paid taxes, etc.
We are also preparing specialized databases of the agricultural sector on cultivated areas and their types, of livestock, as well as on various types of tractors.
In the case of specialized selections - the data is included in the database according to the needs.
What is the cost of the service?
Contact a customer consultant to discuss the data selection criteria you need and the amount of data to be returned. After that, the amount and cost of the database will be determined.
See the contact information of Lursoft Customer Consultants or we invite you to contact us by calling +371 67844292 or writing an e-mail to info@lursoft.lv.BENEFITS
- Finding new clients
- Client data updating
- Accurately and fast obtained information