Beyond Comparison: Why Finanvo is leading in Data Services

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Finanvo

The world of business and finance is increasingly reliant on data-driven insights and analytics. Companies are constantly seeking tools and platforms that can provide them with accurate financial information, compliance data, and insights into the market. Finanvo, offer a range of services and features to meet these needs. In this article, we’ll take an in-depth look at these two platforms and compare their offerings to determine which one might be the better choice for your business.

1. Data Coverage:

Finanvo offer on-demand MCA financials and pro-active coverage of MCA master data. However, there are significant differences in their data coverage. Other data provides coverage for 2.8 million companies and 2.6 Million Directors sourced from MCA.

Other data providers lacks coverage of GST masters, DGFT/IEC masters, and GST details. In contrast, Finanvo offers comprehensive coverage for GST masters and DGFT/IEC masters.

Finanvo, on the other hand, boasts a substantial data universe of 21 million companies, providing a much wider spectrum of information. Which includes

  • Public Companies, Private Companies,
  • LLP, OPCs,  from MCA
  • Proprietorships, Partnerships, Associations, HUF, Trusts etc. from GSTIN
  • Micro, Small and Medium Enterprises registered with MSMEs
  • Startups Registered with Startup India
  • Entities that Export or Imports Goods from IEC and DGFT
  • Companies Registered with EPFO
  • Brands Registered on Trademarks, Copyrights and Patents
  • Foreign Entities
  • And Lot more. . .

3. Compliance Data:

Other Data Providers offers proactive coverage for 640+ district courts and high courts. However, it falls short when compared to Finanvo, which proactively covers both Supreme Courts and High Courts, and offers on-demand services for district courts.

4. Principal Contact Details:

Other Data provides contact details companies with landline and unverified numbers as stated in MGT-7 filed by the companies as Annual Compliance. In comparison,

Finanvo provides contact details which include handheld device Numbers (Mobile Numbers) of Directors / Decision Makers of companies. Also Apart from the contact details of Directors / Decision Makers of companies, Registered contact details of GSTIN, IEC, NGOs, Proprietorships, Partnerships, MSMEs and others also made available

5. Newly Incorporated Companies:

Other Data providers, provides a list of companies with a 24-hour lag. Finanvo outperforms by offering data for newly incorporated companies within 2 hours of their incorporation, along with contact details and other attributes of all Directors of the company.

6. Documents Download:

While both platforms provide access to MCA V2 documents, Finanvo sets itself apart by offering MCA V2 and V3 documents. This extended coverage includes the latest charges documents, security allotments, and information related to the appointment/amendment of directorships.

V3 documents for specific company forms such as Form PAS-3, DIR-3 KYC Web, DIR-3 KYC e-form, CHG-1, CHG-4, CHG-6, CHG-8, CHG-9, DPT-3, and DPT-4 have been unavailable since August 15, 2022. Additionally, as of February 25, 2022, all documents related to LLP (Limited Liability Partnership) are also not accessible on the platform of Other Data Providers while the same are easily downloadable and accessible in the format of report on Finanvo.

This disparity in document availability between the two platforms may be a crucial factor for businesses that rely on specific document types for their financial and compliance needs.

7. Other Information:

Finanvo offers revenue and profit estimates based on GST data, whereas Other Data Providers does not provide this feature. So, you can say that the best alternative to Other data provider is Finanvo!

8. UBO (Ultimate Beneficial Owner) Data:

Other Data Providers offers UBO data, while Finanvo’s functionality for UBO data is expected to release on January 24.

9. Data Extract Format:

Finanvo offers data in JSON format in APIs and Excel / CSV / PDF format, while Other Data Providers provides data in PDF format. Getting data in different formats is more convenient for the users.

10. Delivery Modes:

Other Data Providers offers APIs (limited) and interface extract for data delivery. Finanvo provides an extensive range of delivery options, including custom delivery, batch, APIs, and interface extract.

11. Sources:

Other Data Providers relies on three data sources, while Finanvo utilizes more than 12 sources, indicating a comprehensive and more thorough data collection approach.

Conclusion:

In this detailed comparison, Finanvo appears as the clear winner in several key features, including GST and DGFT/IEC masters, data coverage, compliance data, document download, principal contact details, revenue estimates, delivery modes, data extract format, and the number of data sources used. However, Other Data Providers does have an edge when it comes to UBO data. Hence, you can say that Finanvo can be a proper alternative to Other Data Providers.

Eventually, the decision between Other Data Providers and Finanvo depends on your particular business needs and priorities. If you require large financial data coverage, compliance data, and a range of data delivery options, Finanvo is the best alternative to Other Data Providers. However, if UBO data is a necessity of your business and you have the patience to wait for it to be available, Other Data Providers might be a possible option. In the fast evolving landscape of finance and data analytics, it’s essential to carefully evaluate your exact requirements before coming up with a decision.

Finanvo
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Finanvo

Finanvo is a leading business information provider that provides real-time financial & non-financial data & tools. We deliver reliable and relevant insights to boost sales efficiency within your organization with just one access to our comprehensive website

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