In the context of war, economic recovery, and integration into European markets, Ukrainian businesses need to develop a new culture of corporate due diligence. This involves a shift from operating “on recommendation” or following only a minimal legal review to a systematic analysis of counterparties, partners, suppliers, and customers.
One of the tools for fostering this culture is Dun & Bradstreet’s international business data, which is made available in Ukraine by D&B-Interfax-Ukraine. This data can be used to identify businesses, vet counterparties, assess commercial and credit risks, ensure compliance, and manage global supply chains.
“Ukraine is gradually transitioning to a new quality of business environment. This requires not only reforms, investments, and digitalization, but also a daily culture of business verification. Trust in the modern economy must be based not only on personal contacts, but also on data, transparency, and the possibility of independent verification,” noted Maksym Urakin, Director of Development and Marketing at Interfax-Ukraine, Head of the D&B-Interfax-Ukraine business unit, and Candidate of Economic Sciences.
According to him, this is particularly important for Ukraine in the process of recovery, attracting foreign investors, and expanding the presence of Ukrainian companies in foreign markets. The more transparent companies are to international partners, the easier it is for them to enter into new contracts, supply chains, and investment projects.
D&B-Interfax-Ukraine can be useful for large businesses as well as SMEs, financial companies, exporters, importers, investors, consultants, and organizations working with procurement or international projects.
A culture of company verification helps reduce the risk of fraud, non-payment, and dealing with shell companies or counterparties with a murky history. At the same time, it supports ethical businesses that are willing to be transparent with partners and demonstrate their business integrity.
For the Ukrainian market, this is also a matter of long-term competitiveness. Businesses that operate transparently and can be verified have a better chance of attracting financing, entering international markets, participating in tenders, and working with large corporate clients.
Dun & Bradstreet is an American company specializing in business data, analytics, commercial information, and risk management, founded in 1841. The company provides international tools for business identification, counterparty verification, credit and commercial risk assessment, compliance, and working with global supply chains. D&B maintains a global business data database and works with companies, financial institutions, government agencies, and international organizations.
Interfax-Ukraine is an independent Ukrainian news agency that has been operating in the Ukrainian political and economic information market since 1992 and has a reputation as a reliable and competent provider of timely and objective information. The editorial office and the agency’s headquarters are located in Kyiv.
Ukrainian companies, which after the start of the full-scale war have been more actively entering new foreign markets, are increasingly facing the need to check foreign partners even before the start of negotiations or the signing of a contract. One of the tools for such checks is the international business data of Dun & Bradstreet, access to which in Ukraine is provided by D&B and Interfax-Ukraine.
Counterparty verification is especially important for exporters, importers, logistics companies, manufacturers, distributors and suppliers working with companies from the EU, the United States, the Middle East, Turkey and Asia. For business, this is not only about a formal check of registration data, but also about assessing financial stability, ownership structure, business activity, possible non-payment risks and reputational factors.
“For Ukrainian business, entering foreign markets today often takes place faster than the formation of its own international history. That is why checking a partner through global business data is becoming not a bureaucratic procedure, but an element of company protection. In conditions of war and complicated logistics, a mistake in choosing a counterparty may cost not only money, but also time, a market and customer trust,” said Maksym Urakin, Development and Marketing Director of Interfax-Ukraine, head of the D&B-Interfax-Ukraine business unit, Candidate of Economic Sciences.
According to him, Ukrainian companies often check a foreign partner only after a problem arises with payment, supply or fulfillment of contract terms. Instead, international practice provides for a preliminary assessment of a counterparty even before the start of active cooperation.
Assistance from D&B and Interfax-Ukraine may be useful for companies that want to understand whom they are working with abroad, whether the partner is actually carrying out the declared activity, how stable it is and what risks may arise in long-term cooperation.
For Ukrainian exporters, this is also a way to improve the quality of their own risk management. If a company sells products with deferred payment, works through distributors or enters a new region, a preliminary check of the partner makes it possible to reduce the likelihood of financial losses.
Dun & Bradstreet is an American company in the field of business data, analytics, commercial information and risk management, founded in 1841. The company provides international tools for business identification, counterparty verification, assessment of credit and commercial risks, compliance and work with global supply chains. D&B maintains a global business data database and works with companies, financial institutions, government agencies and international organizations.
Interfax-Ukraine is an independent Ukrainian news agency that has been operating in the Ukrainian market of political and economic information since 1992 and has a reputation as an authoritative and competent provider of timely and objective information. The agency’s editorial office and headquarters are located in Kyiv.
