Finance and Accounting

Reduce complexity of financial operations through high-quality data you don’t have to question

While you strive to mitigate financial risks, reduce costs, ensure good investments, and improve profitability with a healthy cashflow for your organization, inefficient and manual intensive processes stand in the way of being in control. Explore CDQ capabilities to turn your data into insights and keep your business compliant with legal and regulatory requirements. 

Finance and Accounting
Turn heterogeneous financial data into single source of truth 

Real-time validation of bank data and better fraud protection 

Instead of managing your bank data in an error-prone manual process and validating data in silos, with CDQ you can reduce your efforts and rely on trustworthy data gathered by a community of fortune 500 companies. Our capabilities include automated screening for critical accounts data and proactive alerts of fraudulent risk cases, to reduce complexity of financial operations. 

Use our bank account trust score with millions of valid bank accounts to check new bank account information before operational use and never let corrupted or inaccurate data get into your system. In addition, our services help you cover essential regulatory requirements (e.g., EU GDPR, EU Data Act, EU AMDL, EU Supply Chain Act and more).

Finance and Accounting save money with Data Sharing
Christian Jantzen

CDQ bank trust score integration to Covestro’s SAP MDG reduces lead time during vendor creations!

Christian Jantzen
Head of Data Management, Covestro

Financial transparency and compliance 

Risk optimization for improved profitability 

Doing business with sanctioned or embargo-affected companies can hit the profit and loss statement and cause reputational damage. With CDQ Cloud Services, your data is monitored continuously against the latest sanction and watch lists, and the corresponding monitoring report provides a summary on potential matches. Validation scope can be extended to PEPs (Politically Exposed Persons), too.  

Thanks to connectivity to local registers, you can also automate your tax ID verification and make sure that legal address, names and business identifiers are correct (i.e., GST numbers, tax identifiers, national identifiers and other third party and proprietary identifiers) with respect to existence, format, reference format, check digits and consistency.  

Finance and Accounting save money through higher Data Quality

If you maintain bank accounts, they must be verified with the help of CDQ's fraud case pool. As soon as a bank account is flagged in it, no system should accept this fraudulent IBAN. Recently, we had a concrete case where we prevented our system from a fraudulent IBAN, and we look forward to further success stories with the CDQ Fraud Prevention Working Group. 

Joachim Rech​ 
Business Consultant MDM Group Systems​
Schwarz IT 

Top picks for you

At a glance

Keep pace with rapidly changing data requirements  

  • Rule-based identification of natural persons enhanced by machine-learning algorithms 
  • Automatically validated bank data records for accounts payable and receivable process 
  • CDQ community-based proactive fraud alerts and bank account trust score 
  • EU VAT qualification of business partners identifiers, legal name, and addresses  
  • Address cleansing and enrichment via 70+ reference sources provided by CDQ 
  • Access to data sources like Bureau van Dijk and Dun and Bradstreet  
  • One-time de-duplication of business partner records across all systems 
  • Configurable data quality rules for customized validation process

Leading corporations already rely on our solutions

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Bayer AG Logo
BOSCH logo
Dovista Logo
Dräger logo
Evonik logo
Ferring logo
Fresenius Kabi logo
Johnson & Johnson
LanXess logo
Nestlé logo
Novartis logo
Rheinmetall logo
Sartorius logo
Schaeffler logo
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Siemens logo
Swiss Krono logo
Tetra Pak logo
Unilever logo
Vaillant logo
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More data management knowledge

Unique approach to data
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Automate screening for critical accounts and get trusted bank account data with just one click. Instant verification via web app or direct system integration for real-time member companies of our Data Sharing Community.

CDQ Data Sharing Community
Trusted sources
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Validate, curate and enrich your business partner master data by using external data sources. The CDQ Cloud Platform provides access to 70+ trustworthy open and premium data sources and offers easy data mapping and system integration.

Reference data sources for curating & validating business partner data