Due Diligence in Digital Profiling of a Counterparty
Economic entities involved in food production interact with a large number of counterparties and depend on their integrity. They have to check their potential business partners before cooperating. Contractual due diligence is a service provided by consulting and audit firms that use a variety of too...
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| Format: | Article |
| Language: | English |
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Kemerovo State University
2023-09-01
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| Series: | Техника и технология пищевых производств |
| Subjects: | |
| Online Access: | https://fptt.ru/en/issues/22025/21979/ |
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| author | Svetlana М. Bychkova Elena A. Zhidkova Oksana V. Shvets |
| author_facet | Svetlana М. Bychkova Elena A. Zhidkova Oksana V. Shvets |
| author_sort | Svetlana М. Bychkova |
| collection | DOAJ |
| description | Economic entities involved in food production interact with a large number of counterparties and depend on their integrity. They have to check their potential business partners before cooperating. Contractual due diligence is a service provided by consulting and audit firms that use a variety of tools, e.g., databases and online services, to collect and analyze information. This research considered the main areas of contractual due diligence and assessed the tools involved.
The authors used the common methods of comparison, generalization, and synthesis to describe the main due diligence stages and digital tools.
Information about the counterparty was collected in three areas: legal capacity, financial position, and business reputation. The study focused on the stage of summary, analysis, and profiling. The authors determined the role of digital technologies at each stage, compared their performance, and defined their limitations.
The research revealed the potential of various digital tools for contractual due diligence. The results may help due diligence experts to plan the profiling process. |
| format | Article |
| id | doaj-art-cc155da71f094960a3281bee5da4f388 |
| institution | Kabale University |
| issn | 2074-9414 2313-1748 |
| language | English |
| publishDate | 2023-09-01 |
| publisher | Kemerovo State University |
| record_format | Article |
| series | Техника и технология пищевых производств |
| spelling | doaj-art-cc155da71f094960a3281bee5da4f3882025-01-02T23:48:55ZengKemerovo State UniversityТехника и технология пищевых производств2074-94142313-17482023-09-0153347548510.21603/2074-9414-2023-3-2450Due Diligence in Digital Profiling of a CounterpartySvetlana М. Bychkova0https://orcid.org/0000-0001-7684-9025Elena A. Zhidkova1https://orcid.org/0000-0002-7658-0254Oksana V. Shvets2https://orcid.org/0000-0002-2564-6882Saint-Petersburg State Agrarian University, Pushkin, RussiaKemerovo State University, Kemerovo, RussiaState Institute of Economics, Finance, Law, and Technology, Gatchina, RussiaEconomic entities involved in food production interact with a large number of counterparties and depend on their integrity. They have to check their potential business partners before cooperating. Contractual due diligence is a service provided by consulting and audit firms that use a variety of tools, e.g., databases and online services, to collect and analyze information. This research considered the main areas of contractual due diligence and assessed the tools involved. The authors used the common methods of comparison, generalization, and synthesis to describe the main due diligence stages and digital tools. Information about the counterparty was collected in three areas: legal capacity, financial position, and business reputation. The study focused on the stage of summary, analysis, and profiling. The authors determined the role of digital technologies at each stage, compared their performance, and defined their limitations. The research revealed the potential of various digital tools for contractual due diligence. The results may help due diligence experts to plan the profiling process.https://fptt.ru/en/issues/22025/21979/contractual due diligencecounterpartydatabasesonline servicestrustworthinesslegal capacityfinancial conditionbusiness reputation |
| spellingShingle | Svetlana М. Bychkova Elena A. Zhidkova Oksana V. Shvets Due Diligence in Digital Profiling of a Counterparty Техника и технология пищевых производств contractual due diligence counterparty databases online services trustworthiness legal capacity financial condition business reputation |
| title | Due Diligence in Digital Profiling of a Counterparty |
| title_full | Due Diligence in Digital Profiling of a Counterparty |
| title_fullStr | Due Diligence in Digital Profiling of a Counterparty |
| title_full_unstemmed | Due Diligence in Digital Profiling of a Counterparty |
| title_short | Due Diligence in Digital Profiling of a Counterparty |
| title_sort | due diligence in digital profiling of a counterparty |
| topic | contractual due diligence counterparty databases online services trustworthiness legal capacity financial condition business reputation |
| url | https://fptt.ru/en/issues/22025/21979/ |
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