Uncertainty isn’t good for business. It might be a cliché, but it’s true.Now say ‘Hello’ to Qynn -the new online platform that helps entrepreneurs and businesses take away some of that uncertainty and make better, more informed decisions.
Qynn brings together company data on over five million UK businessesand 17 million directors, links it all together and makes it completely searchable. This data is continually updated in real time, and custom reports on companies and individual directors can be generated on demand.
The machine learning algorithms used by Qynn make it possible to visualise company information in stunning new wayswith advanced graphs, cluster diagrams, hierarchical displays, maps and more. Inter-related data can be visualised both geographicallyand across time. Not only do users have more business informationat their fingertips than every before, but they can analyse, compare and absorb it quickly and easily.
One quick search using Qynn will reveal a wealth of company data including:
A list of current and past officers is available for each company, and simply clicking on the name of one of these directorsreveals which other companies they are, or have been, involved with.
By linking data points in this way, Qynn offers a relational network of company information that makes it very easy and very fast to use in a whole array of contexts.
Qynn makes it possible to interrogate a company’s history at a glance with a handy timeline option, and via graphs overlaying assets, liabilities and net worth. Historical creditor, debtor and cash balance figures can also be quickly visualised.That can then be compared to matchingdata for other companies controlled by the same directors and conclusions drawn about their performance, good or bad.
Everyone should use Qynn. When a company is four months behind paying its bills, a quick check on Qynn will reveal what its debt situation looks like, which could be a good indicator of why funds haven’t been forthcoming. It’s the ultimate tool for knowingyour customer, or knowing your supplier.That’s why Qynn is being used by:
Banks and other financial institutions – use Qynn to better understand the businesses they lend to and mitigate risk.
Accountancy and professional services firms – use it to gauge which companies to work with and how much credit to extend.
Energy, construction and manufacturing – check the solvency of suppliers to ensure safe supply chain and procurement practices.
Local councils – analyse the performance of local businesses with Qynn’s free map service.
Investment and venture capital funds –carry out due diligence on new prospects and see how well directors have run past businesses.
SMEs – analyse trends in specific sectors and review the financial background of customers and suppliers.
Company directors – view profiles of other directors, who are prospective partners in future ventures.
These are just some of key areas where Qynn is useful – there are many more. Whenever a long or short-term business prospect opportunity itself, Qynn is a useful tool to use in assessing whether to proceed with it.
Know your customer, know your supplier, due diligence, mitigating risk ... call it what you will, Qynn is a fast and effective way of determining whether a business is well run or not.
At a more practical level, the reason businesses choose Qynn is because it has so many resources in one place. Traditionally, information of this type would need to be gathered from disparate sources – a company search on the Companies House website, followed by credit check using Experian, and so on. However, this method won’t instantly reveal the relationships between companies and their directors.
With Qynn, company histories and director profiles can be pulled into reports to share with peers at the press of a button. Its ground-up mobile first design means that Qynn can be used anytime, anywhere as long as the user has a data signal.
However, Qynn isn’t purely about avoiding rogues or sloppy operators. It’s a fantastic tool for identifying opportunities. Company information from over 700 economic sectors can be researched. Qynn’s analytical tools make it easier than ever to comprehensively compare the performance of competing businesses, and to spot gaps within specific industries locally, regionally and across the UK. Once a company has Qynn on its side, not only can it begin securing the right kind of customers, suppliers and investors, it can use a broad range of data for strategic planning to ensure growth.
While plenty of examples can be given that demonstrate what Qynn does and how it works, the easiest way of getting to grips with it is to start exploring. Simply create an account, log in and search for a familiar company. Straight away, most users find out something they didn’t know, even about companies they’ve worked with for many years.
The platform’s ease of use soon becomes apparent as the officers of a company are revealed, and the other companies they’ve served are accessed. Equally, nearby competitors, sister companies and subsidiaries can be assessed in a couple of clicks. The benefits of having structural, transactional and relational data, all connected together and at your fingertips, are quickly realised.
Micro and macroeconomic reports can be generated quickly. Profit and loss, cash balance and solvency versus debtor information can be compared in seconds. Users can quickly create watch lists of companies they’re interested in, and build up a who’s who for their industry. And, the platform makes it simple to generate reports that are easy to read but that are based on massive amounts of complex data. Spreadsheets –they’ll soon be a thing of the past.
All in all, there are few better was of taking the uncertainty out of doing business than using Qynn. Every company, every industry, unlocked.